Splash Beverage signs LOI to merge with Medterra CBD; Medterra generated $52M revenue in FY2025

SPLASH BEVERAGE GROUP, INC.

Non-binding LOI for a business combination with Medterra CBD, a cannabinoid wellness company.
Medterra reported over $52M in revenue and was profitable in fiscal year 2025.
Transaction subject to definitive agreements and NYSE American shareholder approvals.
Medterra CEO JP Larsen expected to join combined company's board and a senior operating role.
Deal marks Splash's strategic re-alignment as a public cannabinoid wellness platform.

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