Splash Beverage shares surge 20.15% intraday as joint venture with BAAD Ventures accelerates entry into THC beverage market.

Splash Beverage Group surged 20.15% intraday, following the announcement of a joint venture with BAAD Ventures, in which the company holds 51% equity, to accelerate entry into the rapidly growing cannabis-based THC beverage category. The company owns and operates emerging and innovative alcoholic and non-alcoholic beverage brands, with a strategy focused on developing early-stage brands, acquiring established brands, and expanding markets through distribution growth.