10:27 AM EDT, 06/10/2024 (MT Newswires) -- LQR House ( LQR ) said Monday it has acquired 1.92 million shares of DRNK Beverage for a total of $4.8 million.

The shares, which represent a roughly 8.6% stake in DRNK, were bought at $2.50 per share, LQR said.

Through this investment, the company said it will be able to enter the non-alcoholic and ready-to-drink beverage markets.

Shares of LQR added 2.1% in recent trading on Monday.

Price: 1.02, Change: +0.02, Percent Change: +2.10