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Florida, December 18, 2023.
Additionally, he shares Fintel's updated price target of $306 per share
LQR House Inc. (the "Company" or "LQR House") (NASDAQ:LQR), an e-commerce platform specializing in the liquor and beverage industry, provides an update on the progression of its Share Repurchase Program and shares Fintel's updated target price for LQR.LQR House has executed another tranche of its Share Buyback Programme, reinforcing its commitment to shareholder value. During the week ending December 15, 2023, the company strategically repurchased 499,940 shares of common stock at an average cost of $2.26859 per share, following Rule 10b-18 guidance. This move was the Company's response to shareholder concerns, demonstrating management's attention and dedication to increasing value by reducing available free float. Sean Dollinger, CEO of LQR House, expressed his continued confidence in the resistance of the Company, citing recent events as testimony to its strength. Mr. Dollinger stated: "With continued confidence in our business and pipeline, the management team believes that the Company's shares are an attractive investment opportunity." He emphasized his views on the undervaluation of LQR House shares and share buybacks as a value-enhancing use of capital. Mr. Dollinger further commented on the company's financial discipline and strategic focus, stating: "As we look at the broader picture and strategic opportunities before us, we intend to remain financially disciplined with a clear focus on execution." of our strategy, bringing value to our shareholders and investing in our future." Additionally, Fintel published an article on December 16, 2023, detailing a staggering 5900.00% increase in the one-year average price target for LQR at $306.00 per share from the previous estimate of $5.10 per share dated November 26, 2023. LQR House's one-year average price target has been significantly revised, reflecting an increase of 11,806.61% from the last reported closing price of $2.57 per share. This positive adjustment is based on several analyst estimates, which range from a low of $303.00 to a high of $315.00 per share. For more details, you can read the full article here.About LQR House Inc. LQR House aims to become a prominent force in the wine and spirits e-commerce sector, epitomized by its flagship alcohol marketplace, cwspirits.com. This platform offers a wide range of emerging, premium and luxury spirits, wines and champagnes from prestigious retail partners such as Country Wine
Contact Contact name: LQR House Contact description: LQR House Contact phone: 786 389-9771