- Splash Beverage Group Inc (NYSE:SBEV) revealed expansion of its existing agreement with AB ONE, the wholly-owned distribution network of Anheuser-Busch InBev (NYSE:BUD), to include AB ONE SoCal (Southern California).
- Southern California is AB ONE's largest single market in the U.S. and covers an area with a population of more than 20 million through national chains that include Walmart Inc (NYSE:WMT), Kroger Co (NYSE:KR), Albertsons Companies Inc (NYSE:ACI) and Winco Foods.
- Robert Nistico, CEO of Splash Beverage, said, "AB ONE SoCal services more than 15,000 accounts and covers one of the most populous regions of the country."
- "Included as well within this distribution network are more than 45 Walmart locations where TapouT will now be sold," Nistico added.
- TapouT is Splash Beverage's range of performance hydration and recovery drink.
- Price Action: SBEV shares are trading higher by 5.24% at $2.81 in premarket on the last check Monday.
