The no sugar, organic brand has successfully
sold over 17,000 cases at retailers such as Walmart, HEB, and Earth
Fare
LOS
ANGELES, April 25, 2022 /PRNewswire/ -- Winc, Inc.
("Winc" or the "Company") (NYSE American: WBEV), a differentiated
platform for growing alcoholic beverage brands, today announced the
launch of Wonders, a no sugar, organic, sustainable wine and core
brand in the Winc portfolio. The initial release will include red,
white, and rosé varietals, and the brand will be available on
Winc.com this year followed soon after by in-store.
Wonders is a rebrand of the original Wonderful Wine Co (WWC),
which launched in 2020 and was well-received online and in
wholesale at retailers such as Walmart, HEB, and Earth Fare,
selling over 17,000 cases and at over 4,400 points of distribution.
Winc, always in pursuit of what consumers want from bev-alc brands,
improved the original sourcing and wine profile and reformatted the
label and packaging based on feedback from our consumers. The
launch of Wonders represents Winc's belief the brand can be even
more successful when customers' preferences are thoughtfully
applied.
Wonders is the latest addition to Winc's growing organic
portfolio that tripled its offerings during 2021 and includes top
organic brands such as Cherries & Rainbows, Pizzolato, Biokult,
and Les Hauts de Lagarde. The global organic wine market is
estimated at USD 8.9B in 2021 and has
an anticipated 10.2% CAGR from 2022 to 2030 according to Grand View
Research. Better-for-you, organic, and sustainable products
are top priorities for Winc's innovation pipeline informed through
combining market insights with Winc customers' feedback and demand
for healthy and organic beverages.
About Winc
Winc is a differentiated platform for
growing alcoholic beverage brands, fueled by the joint capabilities
of a data-driven brand development strategy paired with a true
omni-channel distribution network. Winc's mission is to become the
leading brand builder within the alcoholic beverages industry
through an omni-channel growth platform.
Winc's common stock trades under the ticker symbol "WBEV" on the
NYSE American.
Forward-Looking Statements
This press release contains
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. The Company intends for
such forward-looking statements to be covered by the safe harbor
provisions for forward-looking statements contained in Section 27A
of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. The words "believe,"
"may," "will," "estimate," "continue," "anticipate," "intend,"
"expect," "could," "would," "project," "plan," "potentially,"
"preliminary," "likely," and similar expressions are intended to
identify forward-looking statements. All statements contained in
this press release, other than statements of historical fact, are
forward-looking statements, including statements regarding Winc's
expectations regarding expansion of its organic wine offerings and
total addressable market for organic wines. Forward-looking
statements are subject to numerous conditions, many of which are
beyond Winc's control, including those set forth in the Risk
Factors section of Winc's Annual Report on Form 10-K filed with the
Securities and Exchange Commission (the "SEC") on March 30, 2022 and the Company's other periodic
filings with the SEC.
Any forward-looking statements made herein speak only as of the
date of this press release, and you should not rely on
forward-looking statements as predictions of future events.
Although the Company believes that the expectations reflected in
the forward-looking statements are reasonable, the Company cannot
guarantee that the future results, performance, or achievements
reflected in the forward-looking statements will be achieved or
will occur. Except as required by applicable law, the Company
undertakes no obligation to update any of these forward-looking
statements for any reason after the date of this press release or
to conform these statements to actual results or revised
expectations.
Related Links
https://www.winc.com
https://ir.winc.com/
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SOURCE Winc