Vancouver's Nude Beverages has sold its ready-to-drink (RTD) product line to Toronto-based alcohol conglomerate Corby Spirit and Wine Ltd. (TSX:CSW-A; TSX:CSW-B) for $11 million.
Press release content from PR Newswire. The AP news staff was not involved in its creation.
Nude Beverages Expands U.S. Portfolio with Nude Hard Iced Tea
February 18, 2021 GMT
VANCOUVER, BC, Feb. 18, 2021 /PRNewswire/ Nude Beverages, a top-selling Canadian ready-to-drink (RTD) and flavored malt beverage (FMB) brand that is both sugar and sweetener-free, today announced the U.S. launch of Nude Hard Iced Tea, a true American-style iced tea with zero carbonation, zero caffeine, and brewed with black tea. This latest release follows Nude’s 2020 U.S. launch of its flagship product, Nude Hard Seltzer.
Nude was created with a mission to develop a healthier alternative in their category, and for nearly four years, the brand has won over the hearts of Canadian consumers with their clean, canned cocktails. Nude’s proven success with their Iced Tea in Canada, released in May 2019, paved the way for U.S. expansion. In a category that has seen immense growth with seltzer variations of t