Tranche Update on The Vita Coco Company, Inc.'s Equity Buyback Plan announced on October 31, 2023.
February 28, 2024 at 05:44 pm IST
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From October 30, 2023 to December 31, 2023, the company has repurchased 30,000 shares, representing 0.05% for $0.77 million. With this, the company has completed the repurchase of 30,000 shares, representing 0.05% for $0.77 million under the buyback announced on October 31, 2023.
The Vita Coco Company, Inc. offers a platform for brands in the functional beverage category. The Companyâs brands include the coconut water, Vita Coco; clean energy drink Runa; sustainable enhanced water, Ever & Ever; and protein-infused water, PWR LIFT. Its branded portfolio is led by its Vita Coco brand, which is engaged in the coconut water category in the United States, and also includes coconut oil, juice, and milk offerings. It supplies private label products to retailers in both the coconut water and coconut oil categories. Additionally, the Company is also engaged in bulk product sales to beverage and food companies. Its Americas segment comprised of its operations primarily in the United States and Canada and the International segment comprised of operations primarily in Europe, the Middle East, Africa, and the Asia Pacific regions. The Companyâs products are distributed primarily through club, food, drug, mass, convenience, e-commerce, and foodservice channels.
THE VITA COCO COMPANY, INC. 
