Today, we would like to bring a trade opportunity to your attention, one that in the past has delivered us with potential profit opportunities.
New Trade Alert: Long Island Iced Tea Corp. (NASDAQ: LTEA)
- LTEA has been trading at over a 60% discount from its 52-week high of $12.55.
- Around 3.5M shares in the float according to yahoo! finance, low float stocks have been some of the best performers on the the year.
- According to Finviz, LTEA is just 2.43% below its 20-day SMA, if it breaks above with momentum, the stock could rise to the $5 level (It was there only a month ago!)
- LTEA reported third quarter 2016 financial results, and its net sales rose by 184.84%, from its net sales in third quarter 2015.
- LTEA trades on the Nasdaq, making it readily accessible to traders and investors.
Long Island Iced Tea Corp. Announces New Distribution in Puerto Rico through SuperMax
HICKSVILLE, NY–(Marketwired – Dec 1, 2016) – Long Island Iced Tea Corp. ( NASDAQ : LTEA ) (the “Company”), a growth-oriented company focused on the ready-to-drink (“RTD”) tea segment in the beverage industry, today announced that it has secured placement of its flagship brand Long Island Iced Tea® in all 16 SuperMax locations across Puerto Rico.
This new partnership with SuperMax is the result of the Company’s recently announced distribution agreement with Vaqueria Tres Monjitas, one of the premier beverage distributors in Puerto Rico.
Philip Thomas, Chief Executive Officer of the Company, stated, “We are very excited to further enhance our brand and distribution in Puerto Rico through this new partnership. SuperMax is a large and well-known retailer in Puerto Rico, and we look forward to providing their customers with our high-quality beverages at an affordable price.”
Long Island Iced Tea® is a RTD tea that will be available in SuperMax in 20 ounce bottles.
SuperMax is a supermarket chain with 16 locations across Puerto Rico. The SuperMax experience is characterized by its wide variety of products of the highest quality, combined with a standard unsurpassed service and commitment. To learn more about SuperMax, visit www.supermaxpr.com.
Long Island Iced Tea Corp. Announces New Distribution Partnerships in the Southeast with Southeast Beverage and Milestone Beverage
Hicksville, NY (November 22, 2016) — Long Island Iced Tea Corp. (NasdaqCM: LTEA) (the “Company”), a growth-oriented company focused on the ready-to-drink (“RTD”) tea segment in the beverage industry, today announced new partnerships with Southeast Beverage Distributing (“Southeast Beverage”) and Milestone Beverage, LLC (“Milestone Beverage”) to distribute its beverages in North Carolina and South Carolina.
Southeast Beverage and Milestone Beverage service over 1,500 customers in Charlotte, North Carolina as well as Charleston and Columbia in South Carolina.
Philip Thomas, Chief Executive Officer of the Company, stated, “We are excited to begin these new partnerships as we continue to broaden our presence in the Southeast. Both Southeast Beverage and Milestone Beverage provide a great opportunity to further expand into the Southeast, reinforcing the validity of our strategy to progress from distributors to regional chains to national chains.”
Long Island Iced Tea Corp. (NASDAQ: LTEA) was founded in 2011 and operates through its subsidiaries and produces non-GMO, all-natural and ready-to-drink teas. LTEA is offered in various locations across the globe, but its beverages are primarily found in stores in the United States, but they could also be found in Africa, Europe and New Zealand.
About the Non-Alcoholic Beverage Industry
Transparency Market Research published some research on the non-alcoholic beverage industry, and the results are promising for stocks in the space. The global non-alcoholic drinks industry is expected to expand to a $1.94 trillion valuation by 2020.
However, consumers are becoming more health conscious and moving away from soda and artificially sweetened beverages. More and more consumers are opting for tea and coffee…consequently, the global demand for tea and coffee is expected to grow in 2017. Based on the same research, the size of the global tea beverage market is expected to grow at an average annual rate of over 3% between 2013 and 2020.