Reed's Inc. Analyst Coverage Continued by Small Cap IR: Established Natural Soda Vendor Expands Footprint and Revenue Generating Capacity
NEW YORK, Oct. 16, 2014 /PRNewswire/ -- Analyst Report by Small Cap IR. Reed's Inc. (NYSEMKT: REED) announced in September that Cracker Barrel Old Country Store, Inc., headquartered in Lebanon, Tennessee, has begun carrying Reed's Flying Cauldron Butterscotch Beer in all 630 of its corporate-owned retail locations. Cracker Barrel was established in 1969 and currently operates specialty, home-style country stores and restaurants throughout 42 states.
This is a favorable distribution network expansion for REED and Chris Reed, Founder and CEO of Reed's, Inc. stated, "Cracker Barrel Old Country Stores are unique and genuine, making their retail outlets a great venue to feature our authentic, naturally brewed sodas. Coming on the heels of REED expanding its Los Angeles plant, spending up to $1.5 million to replace existing equipment and triple the speed of production the stock has generated publicity that supports the improving technical in the name.
There are a number of potential intermediate term catalysts that dovetail with news developments to make REED timely for speculators and traders. Our proprietary technical analysis suggests that a wedge formation is setting up that should provide an interesting trading opportunity.
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http://bit.ly/-REED--AnalystReport
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