Monday, November 01, 2021 2:46:12 PM
“ Speaking at the Dawson James Small Cap Growth Conference on Thursday, Iconic CEO Larry Romer noted that, prior to the acquisition, Iconic had $1.2 million in revenue during the first half of 2021 and TopPop had $8.2 million.
That’s even more impressive considering that the packaging company only launched its first products during the second quarter of 2020.
Tom Martin, founder, president and COO of TopPop, said the company has produced 48 million adult ice pops for 16 different brands this year, and expects the number to reach 100 million in 2022.
Frozen cocktails and ready to drink cocktails in stand-up pouches are also going strong, Martin said, with a new large beer manufacturer product set to launch in January, as well as a major vodka brand in both pouches and pops.
Also upcoming, he revealed, is a new category: four-packs of shots in cups, including one of the hottest selling whiskeys, specialty alcohol and jello-o shot products.
TopPop also works with such companies as Creative Arts Agencies and LiveX for branded products at arenas, stadiums and elsewhere. “Somebody can throw a cocktail pouch at a player and it won’t hurt,” Martin noted, with Romer adding that “Las Vegas casinos around the pool areas don’t want [broken] bottles anymore.””
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