Splash Beverage Group

What Splash Beverage Group does

Splash Beverage Group (NYSE American: SBEV) is a U.S.-headquartered beverage company founded in 2011 that historically operated a portfolio of alcohol brands — Copa Di Vino (single-serve wine), Pulpoloco Sangria, Salt Tequila, Chispo Tequila (positioned as the official tequila of Grupo Anderson's Senor Frog's restaurant chain), and Nimbus (a mixed-berry beverage). Revenue is generated through wholesale distribution to on-premise hospitality accounts (notably Senor Frog's in Mexico and the Caribbean/Bahamas), retail placements, and e-commerce channels. The company is publicly listed with 11-50 employees and has historically raised capital through a 2022 public offering (~USD 8M), 2024 private-placement tranches (USD 4M+ first tranche, ~USD 3M second tranche), and a CDN 300,000 strategic investment in Avicanna Inc. in 2026.

The business model has shifted decisively in 2025-2026 from a standalone alcohol-beverage roll-up toward a cannabinoid-wellness platform. In November 2025 the company formed a 51/49 joint venture with BAAD Ventures for hemp-based THC beverages; in March 2026 it signed a non-binding LOI to merge with Medterra CBD (a CBD brand with 2M+ customers); and in June 2026 it took a strategic stake in Canadian cannabinoid biopharma Avicanna. Leadership has been replaced to support the pivot: Brady Cobb (a cannabis regulatory attorney) was appointed interim CEO in May 2026 and Martin Scott was appointed interim CFO in December 2025. The company is concurrently addressing an April 2026 NYSE American compliance notice for shareholders' equity below the USD 2M continued-listing threshold, and reported effectively no revenue in Q3 2025, citing lack of capital.

Name

Splash Beverage Group

Legal name

Splash Beverage Group Inc.

Website

https://splashbeveragegroup.com

Company type

Public

Founded year

1992

Operating status

Operating

Headcount range

11–50 employees

Short description

Splash Beverage Group (NYSE American: SBEV) is a small U.S. beverage company pivoting from its legacy alcohol portfolio — Copa Di Vino, Chispo Tequila, Pulpoloco Sangria, Salt Tequila, and Nimbus — toward a regulated cannabinoid wellness platform via a hemp-THC JV with BAAD Ventures and a proposed merger with Medterra CBD.

Ownership category

akta.pro rank

Product category

Beverages (Alcoholic and Non-Alcoholic)

NAICS

Beverage Manufacturing (3121)

SIC

Beverages (2080)

akta.pro primary industry

Alcoholic Beverage Brand Owners & Holding Companies (Multi-category Portfolios) (CRADAIAL)

akta.pro secondary industries

Alcoholic Beverage Mixers & Cocktail Ingredients Brands (Non-alcoholic) (CRADAIAH), Functional Beverages (Vitamins, Probiotics, Nootropics, etc.) (CRADAHAL)

Keywords

• Premium wine by glass
• Flavored tequila brands
• Imported spanish sangria
• Hemp thc beverages
• Cannabinoid wellness platform

Headquarters

HQ city

Fort Lauderdale

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Marketing or Sales, Personnel, Operations

Revenue model

1. Beverage Brand Sales: Splash generates revenue through the sale of its portfolio of beverage brands including Copa Di Vino (wine by the glass), Pulpoloco Sangria (imported Spanish sangria), Salt Tequila, Chispo Tequila, and Nimbus sparkling water. The company acquires and grows emerging beverage brands, generating revenue through product sales across on-premise, retail, and e-commerce channels.
2. Wellness Platform: The company is transforming into a cannabinoid wellness platform, expanding beyond traditional beverages into hemp-based THC beverages through joint ventures and acquiring/selling cannabinoid wellness brands including CBD products through the proposed Medterra merger.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Splash Beverage Group is a brand portfolio company that develops, acquires, and distributes a portfolio of non-alcoholic and alcoholic beverage brands — Copa Di Vino (wine by the glass), Pulpoloco Sangria, Salt Tequila, Chispo Tequila, and Nimbus — sold through retail, on-premise, and e-commerce channels. The company is strategically pivoting into the cannabinoid wellness category via a hemp-based THC beverage joint venture with BAAD Ventures LLC and a proposed merger with Medterra CBD, LLC.

Product overview

Splash Beverage Group is a portfolio company of emerging and innovative beverage brands that is strategically evolving into a modern wellness platform focused on cannabinoid wellness. The company develops and acquires beverage brands including Copa Di Vino (premium wine by the glass), Pulpoloco Sangria (Spanish sangria), Salt Tequila (flavored tequila), Chispo Tequila (accessible premium tequila), and Nimbus (flavored beverages). The company is expanding beyond traditional beverages into hemp-based THC beverages through a joint venture with BAAD Ventures and pursuing a planned combination with Medterra CBD as part of its transformation into a cannabinoid-based health, wellness, and healthcare-focused platform.

Differentiator

Problem solved

Functional benefit

Brands

• Copa Di Vino: Leading producer of premium wine by the glass in the United States. A ready-to-drink wine glass product.
• Pulpoloco Sangria
• Salt Tequila
• Chispo Tequila
• Nimbus

Products and services

• Copa Di Vino Ready-to-drink single-serve wine by the glass (Merlot, Riesling, White Zinfandel, Pinot Grigio, Chardonnay, Moscato, Cabernet Sauvignon, Red Blend, Sauvignon Blanc) for adult consumers seeking convenient premium wine without a bottle, corkscrew, or glass.
• Pulpoloco Sangria Premium light-bodied, fruity sangria crafted and imported from Spain, aseptically filled in eco-friendly CartoCan packaging, in flavors including Smooth Red, Soft Rosé, Crisp White, Traditional Fruits, Strawberry Lemonade, and Lemon Ginger, for adult beverage consumers.
• Salt Tequila 100% blue agave blanco-style tequila at 80 proof in Berry, Salted Chocolate, and Citrus flavors for adult beverage consumers and on-premise accounts.
• Chispo Tequila 100% blue agave tequila with an approachable flavor profile positioned as a quality, accessible house tequila for bars, restaurants, and on-premise programs.
• Nimbus Beverage brand featuring a Mixed Berry flavor profile (strawberries, blueberries, blackberries with sparkle) — a bright, slightly tart, and refreshing drink for consumers seeking flavored refreshment.

Quantifiable outcome

• Senor Frog's selected Chispo Tequila as house tequila across multiple US and Caribbean markets, demonstrating brand acceptance in major hospitality accounts
• +1 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core.

• Medterra CBD, LLCcoreStrategic or Co-development Partner · 5 March 2026Non-binding Letter of Intent for proposed merger, with Medterra being a leading manufacturer and multi-brand operator of federally compliant cannabinoid wellness products sold to over 2 million customers across the United States and internationally. The combination would establish Splash as a public cannabinoid wellness platform.
• Senor Frog's / Grupo Anderson'scoreChannel Partner/ Reseller/ Distributor · 27 January 2026Chispo Tequila selected as house tequila across initial group of locations in Florida, the Bahamas, and Mexico. Grupo Anderson's owns more than 50 business units and 15 distinct restaurant brands across 4 countries, providing significant distribution and brand exposure.
• BAAD Ventures LLCcoreStrategic or Co-development Partner · 25 November 2025Joint venture for hemp-based THC beverages with Splash holding 51% ownership and BAAD owning 49%. The JV marks Splash's strategic expansion into the fast-growing hemp-based THC beverage category, leveraging BAAD's expertise and resources in the cannabinoid space.

Scale indicators6 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Tilray Brands: Large publicly traded cannabis and beverage company that has pursued a similar beverage-plus-cannabis convergence strategy; comparable because Splash is attempting the same pivot at a sub-scale level against a much larger incumbent.
• Constellation Brands: Multi-category alcoholic beverage brand owner (wine, tequila, beer); comparable as a larger-scale analog of Splash's portfolio approach across wine and tequila brands.
• Boston Beer Company: Public craft beverage brand portfolio operator (Samuel Adams, Twisted Tea, Truly); comparable as a publicly traded company managing a portfolio of acquired alcoholic beverage brands at greater scale.
• Canopy Growth Corporation: Large publicly traded cannabis operator pursuing cannabinoid-based consumer products including beverages; comparable as a competing cannabis platform with beverage adjacency.
• Monster Beverage: Large publicly traded functional/energy beverage brand company; comparable as a benchmark functional beverage platform, particularly relevant given Splash's Nimbus and pivot toward functional wellness beverages.
• Curaleaf Holdings: Multi-state cannabis operator with branded wellness products; comparable as a scaled competitor in the federally and state-regulated cannabinoid category Splash is targeting.

Direct peers

• Medterra CBD: Federally compliant CBD and hemp wellness brand operator serving 2M+ customers; directly comparable as the proposed merger counterparty and the asset Splash is consolidating into its wellness platform.
• Casa Lumbre: Craft tequila and spirits brand house (including Flecha Azul); comparable as a privately held multi-brand tequila platform targeting on-premise accounts similar to Chispo's positioning.
• Avicanna Inc. Commercial-stage cannabinoid biopharmaceutical company in which Splash recently invested CDN$300K; comparable as a strategic peer in the cannabinoid healthcare and wellness platform category.
• Willamette Valley Vineyards: Publicly traded US wine producer with portfolio brand strategy; comparable as a smaller-cap public wine operator relevant to Splash's Copa Di Vino wine-by-the-glass positioning.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/Splash-Beverage-Group-732478604165013
• LinkedInlinkedin.com/company/splash-beverage-group-inc

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries1 record

Funding overview

Funding rounds5 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Splash Beverage Group