Under the agreement, The Honickman soft drink operations – Canada Dry Delaware Valley and Canada Dry Potomac Corp, will bring the popular beverage to stores in Virginia, Maryland, Washington DC, Delaware, eastern Pennsylvania and southern New Jersey.
Innovative Beverage Group has also announced its Q2 results, revealing record revenues of $1,626,253 for Q2 2009, a 228% increase in sales compared to $496,714 for period Q2 of 2008.
In addition to being another record quarter, Innovative Beverage Group reported that it has been profitable for the last five quarters with year-to-date sales of $2,923,865. Sales for Q2 2009 were up 26% from the previous Q1 2009 period, which were reported at $1,297,612.
The current up-trend in sales is expected to continue in Q3 as well. The company is enjoying this rapid growth in sales as it expands distribution of its popular proprietary beverage Drank.
Source: Innovative Beverage Group
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