Fresh Vine Wine, Inc. (NYSE American: VINE) is engaged as a low-carb, low-calorie premium wine producer. Wading into the “better for you” trend, the company currently offers a cabernet sauvignon, chardonnay, pinot noir, and rosé. Shares of the specialty wine company are rallying 38% through early trading on Wednesday, January 12, 2022. Over the past three months, Fresh Vine Wine has seen average daily volume of 550,150 shares. However, volume of 19.6 million shares or dollar volume of around $166.6 million, has already exchanged hands through early trading.
Shares of Fresh Vine Wine are jumping after the company announced that it has entered into a partnership with CRAVE American Kitchen & Sushi Bar. Under the partnership, CRAVE will serve Fresh Vine Wine’s premium wines with specially-paired lunch and dinner menus at all twelve locations in Minnesota, Iowa, North and South Dakota. The partnership went into effect as of December 20, 2021.
“Our premium wines are the perfect blend for CRAVE menu inclusion and we are thrilled to partner to offer customers the ultimate dining and drink experience,” says Janelle Anderson, CEO Fresh Vine Wine, Inc. “We look forward to partnering with new and exciting distributors in the coming year in markets across the country, who like our wines, serve consumers an approachable yet premium, elevated experience.”
Fresh Vine Wine closes out 2021 on a high note, as the company completed its initial public offering (IPO) in mid-December and launched its partnership with CRAVE American Kitchen & Sushi Bar. Management estimates up to two additional new distribution agreements sometime during the first half of 2022.
Disclosure: Neither Spotlight Growth nor its officers have any position or relationship with any companies mentioned in this article, but may choose to initiate a position at any time. No payment was made to create this article. This article should not be taken as a solicitation or recommendation to buy or sell any securities. Please conduct your own research and consult your financial advisor to determine your risk tolerance and investment path. We are not licensed brokers or investment advisors.
