Spirits Time International, Inc. Reports Earnings Results for the Full Year Ended December 31, 2020
April 16, 2021 at 02:29 am IST
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Spirits Time International, Inc. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced operating loss was USD 56,836 compared to USD 137,853 a year ago. Net loss was USD 164,621 compared to USD 295,395 a year ago. Basic loss per share from continuing operations was USD 0.02 compared to USD 0.04 a year ago.
Spirits Time International, Inc. is engaged in developing a portfolio of beverage (alcoholic and non-alcoholic) product brands and in distributing and marketing beverage products nationally and internationally. Its first product is the Tequila Alebrijes brand of tequila. The Company has obtained the trademark for this brand and the rights to market and distribute Tequila Alebrijes products. The Company intends to acquire brand and marketing rights for beverage products and thereafter commercialize its products either directly by selling to retailers and point of sale locations or through brand management agreements and/or distribution agreements with other companies involved in the beverage distribution business. Its tequila is available in three styles: tequila blanco, tequila reposado, and tequila anejo. The Companyâs product is offered in a 750-milliliter (ML) bottle size and has an approximately 40% alcohol percentage.