PRESS RELEASE
News
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PRESS RELEASE
LQR House Announces Board Meeting for a Special Dividend up to $1.00 per Common Share
LQR House Inc., a niche e-commerce platform focusing on spirits and beverages, will convene a meeting to discuss a proposed special dividend of up to $1.00 per common share for eligible shareholders. The company aims to enhance shareholder value and recognize investor support by aligning strategies with shareholder interests. CEO Sean Dollinger expressed enthusiasm about the potential dividend, emphasizing the company's commitment to rewarding shareholders. The meeting will allow the Board of Directors to assess financial performance, evaluate market conditions, and maximize shareholder benefits. LQR House intends to become a prominent force in the wine and spirits e-commerce sector, delivering diverse alcohol products through its technology-driven platform. The company also serves as a marketing agency with a specialized focus on the alcohol industry, aiming to disrupt the traditional landscape and provide tailored marketing solutions. -
PRESS RELEASE
LQR House Announces Transfer of Repurchased Shares to Its Account Held by Its Transfer Agent Following the Commencement of the Buyback Program
LQR House Inc., a leading ecommerce platform in the spirits and beverage industry, has announced the repurchase of 576,713 of its shares and their transfer to its transfer agent. This strategic move aims to defend against short sellers and reinforce the company's market position. CEO Sean Dollinger encourages shareholders to transfer their shares to the company's transfer agent to further protect their investment. With a focus on transparency and shareholder protection, LQR House remains committed to providing long-term value and stability in the financial landscape. -
PRESS RELEASE
LQR House Reports 458% YOY Revenue Surge in December 2023, Fueled by Holiday Ecommerce Success
LQR House Inc., a niche ecommerce platform focusing on the spirits and beverage industry, proudly announces a remarkable 458% YOY increase in revenue for December 2023 compared to December 2022. This achievement aligns with The National Retail Federation's forecast, projecting record-breaking holiday spending. The company's CEO emphasized the significance of the holiday season in ecommerce, stating, 'December consistently stands out as the most robust period for ecommerce.' LQR House continues to solidify its position as a trailblazer in the ecommerce landscape, showcasing rapid growth and innovative strategies to meet the evolving demands of consumers in the spirits and beverage industry. -
PRESS RELEASE
LQR House Announces Full Exercise and Closing of Underwriters' Over-Allotment Option
LQR House Inc., a niche ecommerce platform specializing in the spirits and beverage industry, has announced that the underwriters of its public offering have exercised their over-allotment option in full. This resulted in the purchase of an additional 392,857 shares of LQR House's common stock, generating gross proceeds of $1,650,000. The company believes that this exercise of the over-allotment option will strengthen its financial position and provide a runway of over 12 months. LQR -
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