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HunterPicks

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Thursday, 09/01/2016 9:45:38 AM

Thursday, September 01, 2016 9:45:38 AM

Post# of 54645
$LTEA #BREAKINGNEWS: Long Island Iced Tea Corp. Expands International Distribution Into Canada

HICKSVILLE, NY--(Marketwired - Sep 1, 2016) - Long Island Iced Tea Corp. ( NASDAQ : LTEA ) (the "Company"), a growth-oriented company focused on the ready-to-drink ("RTD") tea segment in the beverage industry, today announced a new partnership with Unique Foods (Canada) Inc. ("Unique Foods") to distribute its beverages in Canada.

The Company is committed to expanding its distribution across new geographies and this is its first distribution agreement in Canada. According to Euromonitor, the ready-to-drink tea market in Canada is forecast to expand by 4% annually over the next five years to reach C$626 million in sales by 2020 (Source: Euromonitor International, "RTD Tea in Canada", February 2016).

https://finance.yahoo.com/news/long-island-iced-tea-corp-132855196.html?soc_src=social-sh&soc_trk=tw
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