Splash Beverage Group signs LOI to combine with Medterra; Medterra FY2025 revenue > $52M

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2026.03.05 13:53
portai
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Splash Beverage Group has signed a non-binding letter of intent to merge with Medterra, a CBD operator that reported over $52 million in revenue for fiscal 2025. The merger aims to rebrand Splash as a cannabinoid wellness platform, focusing on scalable brand development. The transaction is subject to definitive agreements, shareholder and NYSE American approvals, and other customary closing conditions. Medterra's established operations and profitability enhance the merger's potential.