#1 Organic Non-Alcoholic Wine: AMASS Brands' Good Twin Sees 122% Sales Growth
AMSS has more than doubled off its 52-week low of $3.
Summary
AMASS Brands' Good Twin Wine has become the #1 organic non-alcoholic wine brand in the U.S., capturing 35.43% of the market share. The brand saw dollar sales increase by 122.2% and volume by 115.0% year-over-year, significantly outpacing the category's 41.1% growth. This strong operational performance for a key product follows yesterday's 8-K filing about a $6.99 million dilutive private placement. The company plans to expand distribution and retail penetration for Good Twin.
At the time of this announcement, AMSS was trading at $8.55 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $53.4M. The 52-week trading range was $3.00 to $17.00. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.