LQR House acquires 8.58% stake in DRNK Beverage Corp for $4.8M, enters NA/RTD markets

LQR House Inc.

Acquired 1,920,000 DRNK shares at $2.50 each ($4.8M total) in a cash deal on June 7, 2024.
Proceeds were held in escrow; cash-on-hand from prior filing not impacted.
Strategic entry into non-alcoholic ($987B in 2024) and ready-to-drink beverage markets.
CEO states deal avoids dilution and will support brick-and-mortar shelf presence for LQR products.
DRNK has an existing distribution network that can also distribute LQR products.

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