According to Statista, Revenue in the Alcoholic Drinks market amounts to US$249,088m in 2021. The market is expected to grow annually by 7.45% (CAGR 2021-2025). Here are several alcohol plays investors looking to benefit from this growth should start researching:
Rogue One Inc. (OTCMKTS:ROAG) is an up-and-coming alcohol play for educated speculative investors. The tequila-focused company acquired Human Brands, which has generated an average of 302% annual revenue growth and has increased its asset holding by 2000% since 2015. This revenue is yet to be reflected on a filing, that rather large piece of news could hit any day. Now is a good time to add ROAG to your watchlist.
Eastside Distilling Inc. (NASDAQ:EAST) stock has seen witnessing high volatility over the past few months with a gain of over 5% over the past week. Moreover, the stock has jumped 20% so far this year. On Wednesday, EAST stock was down 7% to $1.73 with more than 35k shares exchanged hands, above its average volume of 112k shares.
Willamette Valley Vineyards Inc. (NASDAQ:WVVI) is another stock in the sector which has been showing consistent selling pressure. The stock has moved down 14% over the past one month. However, the stock has jumped 5% so far this year. The stock is trading above 43% from its 52-week low and 47% away from its 52-week high.
Fresh Vine Wine Inc. (NASDAQ:VINE) was one of the biggest gainers in the previous session. VINE stock ended higher by 19.93% to $6.98 with more than 39.79 million shares exchanged hands, below its average volume of 550K shares. The stock is trading above 63% from its 52-week low and 25% away from its 52-week high. The company announced a partnership with CRAVE American Kitchen & Sushi Bar as the premium wine pairing with special lunch and dinner menus rolling out to all twelve CRAVE locations based in Minnesota, Iowa, North and South Dakota, including a location in Mall of America.
Winc Inc. (NASDAQ:WBEV) is another stock in the energy sector which has been showing consistent rise. The stock has moved up 11% over the past one month. Moreover, the stock has jumped 42% so far this year. The stock is trading above 80% from its 52-week low and 48% away from its 52-week high.
