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| Recent success of Bellissima Brand to new venues and its spike in sales following a 25-minute slot on QVC in December, selling nearly 30,000 bottles. |
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 Hot Stock to Watch |
Company: Iconic Brands Inc. (OTCQB: ICNB)
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Last:
Price: 0.725
Change (%): + 0.005 (0.69)
Volume: 7,800 |
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Wine Stocks Are Hot Stuff... But Only ONE Has Christie Brinkley’s Celebrity Firepower!
It’s been a great year to be a shareholder in companies that sell wine and other premium liquors. There’s still time to catch the buzz, provided you pick the right stock. That’s where Iconic Brands Inc. (OTC: ICNB) enters the picture.
It’s a little company right now, in the early stages of grabbing its piece of a trillion-dollar opportunity. That’s okay. As we’ll see, this is a wide open space and new breakout brands are being created all the time. And ICNB has the kind of star power that sells 1,000 bottles a MINUTE.
But back up a second. Alcohol is big business. It’s truly a TRILLION-dollar market and it’s going to come close to doubling between now and the end of 2024. That’s easily a compound growth rate of 18% a year if not more. Big stuff.
And the really exciting part here in the U.S. is the high end, where unit sales are growing three times as fast as the market as a whole. That’s not dollar sale... these brands are ultra luxury, they can cost 10X a normal bottle. It’s pure consumption. Drinkers are simply shifting up market and they’re willing to pay a huge surcharge when they see quality, glamour and pure peer pressure.
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