There are some sectors that are currently growing at a remarkable rate and have attracted a lot of attention from investors. One of those sectors is the beverage sector, which has managed to attract the attention of investors in a big way due to the sort of innovative work that many of the companies have been involved in.
As per the latest forecasts in relation to the industry, it has been revealed that winemakers and distillers could well end up generating higher growth rates than many of the other sectors. Although earnings declined in recent times, investors have continued to be bullish on the future of spirits manufacturing stocks. The companies in these sectors are expected to clock growth of 20% CAGR combined.
Rogue One Inc (OTCMKTS: ROAG) – The first one to look into is Rogue One Inc, which has reported a number of positive developments in recent times. One of those is the fact that the company is working on getting its stock uplisted to the expert market and thereby regaining its current status. However, on the operations side, Rogue One has also put ambitious plans in place which investors could do well to take a look at.
The company has decided to focus on premium Japanese whiskey and tequila, both of which are premier liquors. The tequila market is expected to touch $14.70 billion in 2028 and that would work out to CAGR of 5.8%. Hence, it could be said that Rogue One is possibly on the right track. On the Japanese whiskey front, Rogue One is already the distributor of Shinju Japanese Whisky, which is considered one of the premium brands.
KonaRed Corporation (OTCMKTS:KRED) – The next beverage penny stock that may be added to your watch lists is the KonaRed Corporation stock. Although the stock was trading within a range within a range on Monday, it may still be a good move to have an idea about the company.
The company is involved in the production and sales of coffee and fruit drinks. It offers a wide range of products starting from ready-to-drink cold coffee and key kegs to whole beans as well as ground Kona coffee beans and ready-to-drink antioxidant juices. It sells its products in the United States and abroad through direct stores, distributors, online retail, and direct-to-retail channels among others.
Fernhill Beverage Inc (OTCMKTS:FHBC) – As far as interesting beverage penny stocks are concerned, the Fernhill Beverage Inc could well be one to watch out for. There has been no news about the company recently and the stock was trading in a range yesterday, yet it may still be worth taking a look at the company.
The company is actually involved in providing alcohol-based sanitizers to its retail collaborators and to strategic partners. In addition to that, the company is also well known for having produced the human energy drink SUPER BUZZ and vitamin drink RK SUPER. It remains to be seen if the stock can actually make a move any time soon.
NOHO Inc (OTCMKTS:DRNK) Although there was no news about the beverage company NOHO Inc on Monday, the stock went through a major selloff nonetheless and went down by as much as 13% as a consequence. The company is in the business of selling and manufacturing energy drinks.
One of the more innovative products from NOHO is the NOHO Supershot, which helps in curing hangovers. Last month the stock had been in focus after it emerged that Sibannac Inc had tied up an agreement with the company to acquire all the NOHO branded assets in a major deal. It had been one of the biggest developments for the company this year and one that could continue to have an effect on the stock.
V Group Inc (OTCMKTS:VGID) – The next one to make it to the list is V Group Inc, which is primarily in providing beverages in the United States.
While it is true that there was no news about the company yesterday, the V Group stock managed to make a strong upward move nonetheless and ended up with gains of as much as 33% for the day. It will be interesting to see if it can add to its gains over the coming days. V Group is best known for its antioxidant nutritional drinks in the United States which are available in a range of flavors.
New Generation Consumer Group Inc (OTCMKTS:NGCG) – There was no material news about the company yesterday but the beverage firm New Generation Consumer Group Inc saw its stock take a dive nonetheless and end up with a decline of as much as 9%.
The Michelada division at New Generation Consumer Group offers the Michelada Mix and on top of that, it also has a VIP Spirits wing that provides a range of liqueur-laced vodka in different flavors.