LQR House Inc. Announces 382% Year-Over-Year Revenue Growth in July 2024

MIAMI BEACH, FL / ACCESSWIRE / August 13, 2024 / LQR House Inc. (the "Company" or "LQR House") (NASDAQ:LQR), a niche ecommerce platform specializing in the spirits and beverage industry, is thrilled to announce a significant 382% year-over-year increase in revenue for the month of July 2024 compared to the same period in 2023. The Company attributes this substantial growth to its strategic marketing partnerships and increased traffic to its online marketplace, CWSpirits.com.

In July 2023, LQR House reported revenues of $46,450. In July 2024, the Company experienced a significant revenue surge, reaching $224,227.15.

Sean Dollinger, CEO of LQR House, stated, "Our recent growth has been incredibly motivating for both me and our dedicated team. While we understand that some investors may struggle to see the value of an online marketplace as a tangible asset, we feel this growth clearly demonstrates its true potential. In addition to owning what I believe is the leading online alcohol store, we continue to secure new marketing contracts with top-performing brands, further enhancing our bottom line."

The Company believes that this type of growth underscores LQR House's commitment to delivering top-quality products and services to its customers while expanding its market presence through new strategies and partnerships.

About LQR House Inc.

LQR House intends to become a prominent force in the wine and spirits e-commerce sector, epitomized by its flagship alcohol marketplace, cwspirits.com. This platform seamlessly delivers a diverse range of emerging, premium, and luxury spirits, wines, and champagnes from esteemed retail partners like Country Wine & Spirits. Functioning as a technology-driven hub, LQR House utilizes software, data analytics, and artificial intelligence to elevate the consumer experience. CWSpirits.com stands out as the go-to destination for modern, convenience-oriented shoppers, providing a curated selection of alcohol products delivered to homes across the United States. Beyond its role in an e-commerce sector, LQR House is a marketing agency with a specialized focus on the alcohol industry. The Company measures campaign success by directly correlating it with sales on CWSpirits.com, demonstrating a return on investment. Backed by an influential network of over 550 figures in the alcohol space, LQR House strategically drives traffic to CWSpirits.com, enhancing brand visibility. LQR House intends to disrupt the traditional landscape of the alcohol industry, driven by its dedication to providing an unparalleled online purchasing experience and delivering tailored marketing solutions.