A share of Charlestowne Premium Beverages Inc. closed at $3.03 on Monday after adding 17.17% to the price. While trading on Monday, shares of Charlestowne Premium stock traded between $2.51 and $3.05 as 257,600 of its shares were exchanged.
FPWM stock traded between $0.25 and $9.75 over the 52-week period. Charlestowne Premium’s attempt to acquire a beverage brand seems to have resulted in a dramatic rise in the price of the FPWM stock.
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The FPWN will acquire what brand?
As an alcoholic beverages manufacturer, Charlestowne Premium produces alcoholic beverages, markets, and distributes them all over the world. Papa Vodka, Crocodile Tears Vodka, Proprietor’s Reserve Whiskey, and Special Reserve Whiskey can be seen in FPWM’s portfolio.
FPWM is likewise authorized by the Alcohol & Tobacco Tax and Trade Bureau to distribute and import alcohol. A main product of FPWM, PAPA Vodka, is a distilled liquor of Peruvian potatoes infused with or without hemp oil that enhances the flavor of the drink in the markets where hemp oil is permitted.
Charlestowne Premium announced last week that it is in negotiations to acquire a US vodka brand, hoping to become a dominant presence in the premium cannabidiol-infused drinks market.
- FPWM will be able to expand its beverage portfolio with this agreement.
- V Georgio Vodka has been serving the South Beach community since 2006 and has expanded their product line to include three varieties.
- Those include core traditional premium vodka; Acai-flavored vodka; and vodka infused with natural cranberry and guarana.
- A major focus of the brand at launch was on the urban Florida market.
What FPWM will do to harness the opportunity?
The new brand of Charlestowne Premium (FPWM) will be modified to focus on CBD-infused spirits in the domestic US market when the TTB approves FPWM’s request.