Innovation Beverage Group Stock Soars 153.65% with 3.03 Billion Shares Traded Ranking 278th

On April 2, 2025, Innovation Beverage Group (IBG) saw a significant surge in its stock price, rising by 153.65%. The company's trading volume reached 3.03 billion, making it the 278th most traded stock of the day.

Innovation Beverage Group has expanded its U.S. distribution network by partnering with Republic National Distribution Company (RNDC). This collaboration will introduce IBG's Australian Bitters Company and BITTERTALES brands to six key states: California, Oregon, Washington, Hawaii, Arizona, and Michigan. This strategic move is aimed at replicating the success IBG has achieved in Australia within the U.S. market.

IBG's Chairman and Interim CEO, Sahil Beri, expressed enthusiasm about the partnership, highlighting RNDC's extensive distribution reach and expertise in the beverage industry. The company's bitters, known for their high-quality botanical herbs and spices, have already garnered numerous awards, including Gold Medals at the Los Angeles Spirits Awards.

RNDC, with a legacy dating back to the Prohibition era, operates in 39 states and the District of Columbia, generating $11 billion in revenue. Their established network and market expertise make them an ideal partner for IBG as it seeks to introduce its premium bitters to a broader audience in the U.S.