Breaking #CBD #Beverage #Stock News - Charlestowne
Premium Beverages Inc. (OTC: $FPWM) bullish about growth as it resumes
pre-Covid-19 development plans, @CharlestowneCB1
Charleston, S.C., May 14, 2020 - (Investorideas.com newswire) – Breaking cannabis/CBD
Beverage stock news- Charlestowne Premium Beverages Inc. (OTC: FPWM), the company looking to
become the dominant presence in the premium cannabidiol (CBD) infused alcohol
space, announced that, with the easing of COVID-19 lockdown restrictions
internationally, it is resuming plans and activities to implement its short
term business goals. These include rekindling distribution partnerships and
product development programs.
Read this news featuring FPWM in full at https://www.investorideas.com/news/2020/cannabis/05141CBD-Beverage-OTCFPWM.asp
As countries imposed
nationwide lockdowns to contain the COVID-19 pandemic, consumers across the
globe unsurprisingly took to alcoholic beverages as a means to improve their
lockdown experience. When restaurants and bars were forced to close their
doors, shoppers headed to off premise sites to purchase beer, wine, and spirits,
resulting in double digit growth in alcohol based products around the world.
Another interesting
development is that even during the COVID-19 pandemic, the premiumization of
the sector – whereby consumers buy alcohol at higher prices per volume on
average – has continued, as people transfer their on‐premise spending to at‐home consumption. In this sense, it is possible
that beyond the rise in the amount of drinking, the growth in the sector is
also being driven by consumers looking for higher quality products.
"Looking at the
lifechanging policies imposed across the world for the past eight weeks, it is
encouraging that we have found the spirits industry sales increased during the
shutdown period, as well as people’s growing interest in premium products.
These provide great opportunities for us, while additionally we have noticed
that overall product development in the market has lagged. As the world economy
reopens, there is pent up energy to aggressively pursue product
development", said Martin D. Ustin, Charlestowne Premium Beverages CEO.
“We want to position FPWM to be ready to take advantage of the reopening. We
have noticed that the strongest recent growth is in the premium product sector (where
quality counts), and that is at the core of our Company philosophy”.
As a matter of priority,
contacts with South American suppliers have been re-established and several new
unique product and packaging programs have been rekindled. The Company is still
awaiting the approval from FINRA to complete its rebrand to Charlestowne
Premium Beverages. As business operations resume, FPWM expects to share
additional announcements in coming weeks.
About Charlestowne Premium Beverages Inc
Charlestowne
Premium Beverages Inc (FPWM) is a company that develops, produces, markets, and
distributes alcoholic beverages worldwide. The Company’s portfolio showcases
spirit brands such as Papa Vodka, Crocodile Tears Vodka, Proprietor’s Reserve
Whiskey, and Lord Proprietor’s Special Reserve Whiskey. Charlestowne Premium
also has Wholesaler and Import permits from the Alcohol and Tobacco Tax and
Trade Bureau – the governing body for spirits in the U.S. under the Department
of the Treasury.oyed premier vodka for a smooth
taste, intriguing texture, and clean finish.Enjoyed
Papa
Vodka- Enjoyed straight, on the rocks, or expertly mixed into a cocktail, Papa
is the premier vodka for a smooth taste, intriguing texture, and clean finish.
To
learn more, please visit www.charlestownepremiumbeverages.com
and follow us on Twitter at @CharlestowneCB1
Safe Harbor Statement: This release
includes "forward-looking statements" within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E and or 27E of
the Securities Exchange Act of 1934 that are based upon assumptions that in the
future may prove not to have been accurate and are subject to significant risks
and uncertainties, including statements as to the future performance of the
company and the risks and uncertainties detailed from time to time in reports
filed by the company with the Securities and Exchange
Commission. Statements contained in this release that are not historical
facts may be deemed to be forward- looking statements. Investors are cautioned
that forward-looking statements are inherently uncertain. Although the company
believes that the expectations reflected in its forward-looking statements are
reasonable, it can give no assurance that such expectations or any of its
forward- looking statements will prove to be correct. Factors that could cause
results to differ include, but are not limited to, the company's ability to
raise necessary financing, retention of key personnel, timely delivery of
inventory from the company's contract manufacturers, timely product
development, product acceptance, and the impact of competitive services and
products, in addition to general economic
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