Investors are noticing Reed’s recent growth as the stock steadily increased 39% in the past 10 trading days. At today’s closing price, the market cap reached approximately $71 million which exceeds previous records.
In 1987, Chris Reed founded Reed’s and started developing the Original Ginger Brew. By 1989, the product was introduced to eleven stores, and soon the company was marketing its products through natural distributors.
Since then, the company has expanded to develop, manufacture, market, and sell many different kinds of New Age beverages, including candies and ice creams too.
The future is bright for the company as the demand for New Age Beverages increases each year. The company expects 2007 to be a great year as it projects a revenue growth of 20-40%.
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