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Scottsdale-based Yerbae Brands Corp. is now trading on the U.S. over-the-counter market, following the beverage company’s record-setting revenue in the first quarter.
Yerbae began trading on the OTCQX on June 21 under the symbol “YERBF.” The OTCQX, which is the most-regulated tier of the OTC Market Group, includes blue chip stocks, multinational and domestic companies seeking access to U.S. investors.
“Yerbae is competing in one of the largest consumed categories in the beverage industry with millions of active consumers daily, so we feel very privileged to offer our health-conscious consumers the opportunity to invest in a brand that they have come to know and love on a U.S. marketplace,” Todd Gibson, Yerbae’s co-founder and CEO, said in a statement. “With our newfound presence on the OTCQX, we are poised to expand our reach, enhance shareholder value, and foster long-term growth.”
Yerbae’s stock closed Wednesday at $1.76 a share on the OTCQX, up 2% from the previous trading day. Track the stock here.
Gibson and his wife, Karrie, co-founded Yerbae in 2017 after they discovered the benefits of yerba mate, a South American plant that contains caffeine. The couple infused it into flavored, sparkling water to create zero-calorie, zero-sugar and gluten-free energy beverages.
Prior to founding Yerbae, Todd Gibson worked for beverage brands SoBe, Monster, Fuze, NOS and Coca Cola, while Karrie Gibson created Vintage Tech Recyclers and grew it to one of the largest technology recycling companies in the nation before selling it in 2015, according to the company's website.
Yerbae has sold more than 28 million cans of its energy beverages since its inception in 2017. The company’s products are found in more than 10,000 retail locations in the nation, including grocery stores, natural food shops and at Amazon.com.
Read the full article here: https://www.bizjournals.com/phoenix/inno/stories/news/2023/06/29/scottsdale-based-yerbae-lists-on-otc-market.html