CLEVELAND–(BUSINESS WIRE)–Smart Soda Holdings, Inc., one of the nation’s fastest growing healthy beverage brands, has signed a $3 million investment and strategic partnership with Refreshing USA, which includes execution and nationwide distribution.
The partnership means Smart Soda has access to Refreshing USA branches in 44 locations. Refreshing USA’s distribution network includes thousands of retail outlets, convenience stores, micro-markets and more than 22,000 beverage vending machines. Refreshing USA expects to surpass record growth in 2022 and significantly expand opportunities with Smart Soda.
This partnership makes Smart Soda available to strategic national accounts and foodservice businesses, supporting Smart Soda’s massive expansion and distribution capabilities that the company already has in place. “The market continues to search for healthier and more functional beverage alternatives,” explained Lior Shafir, CEO of Smart Soda. “We couldn’t have wished for a better partner to support our massive growth and launch of ready-to-drink in the next 60 days.” Smart Soda will unveil 9 all-natural flavored sparkling waters with better-for-you benefits, available in tall and slim cans – including Energy Focus and Immunity drinks. The products will be available from vending machines and thousands of retail outlets across the country.
“We are excited to add Smart Soda to our portfolio,” said Ryan Wear, Managing Partner of Refreshing USA. “More and more customers are looking for healthier options. The real benefit of Smart Soda products is that they are not just a healthier option, they taste amazing and fit perfectly with our growth strategy. We have dedicated capital and personnel to place the equipment. We think Smart Soda is a great fit for corporate offices, convenience stores, and universities.
About Smart Soda
Smart Soda is a universe of functional beverages made with alkaline water offering a wide range of flavors and providing dispensing options to the food service industry, convenience stores and workplaces. Currently, the company is pre-IPO. Smart Soda has offices in the UK and Canada and is positioned for massive expansion, both globally and locally. Smart Soda works with Fortune 500 companies such as 7-11, Sysco, Aramark, Uber, Citi Bank, etc.
About Refresh America
Refreshing USA is the nation’s fastest growing convenience company, founded in 1996 with the goal of revolutionizing workplace refreshments. Refreshing USA is active in 44 states and expects to exceed $250 million in revenue in 2022.
For more information, please contact: Lior Shafir, CEO firstname.lastname@example.org