Reed's, Inc. Appoints Shufen Deng to its Board of Directors
July 13, 2023 at 08:00 am EDT
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Reed's, Inc. has appointed Shufen Deng to its board of directors effective July 7, 2023. Ms. Deng replaces Leon Zaltzman on the Board, who has transitioned to a Board Observer position. Ms. Deng brings more than 30 years of legal and capital markets experience to Reed’s and is the sole shareholder and director of D&D Source of Life Holding Ltd. (“D&Dâ€), the Company’s largest shareholder.
As announced on May 31, 2023, Reed’s closed a series of financing transactions, led by a $3.0 million strategic investment from D&D. In conjunction with the financing, Reed’s entered into an alliance with D&D to import innovative beverage products into the US market, as well as to export Reed’s robust portfolio of better-for-you products into Asia.
Reedâs, Inc. owns a portfolio of handcrafted, natural beverages, which sells in over 45,000 outlets nationwide. These outlets include the natural and specialty food channel, grocery stores, mass merchants, drug stores, convenience stores, club stores, liquor stores, and on-premises locations including bars and restaurants. The Company provides craft beverages under the Reedâs, Virgilâs, and Flying Cauldron brand names. Reedâs portfolio includes ginger beers, ginger ales, ready-to-drink ginger mules and hard ginger ales. The Virgil's brand offers an array of flavored sodas, including Root Beer, Vanilla Cream, Black Cherry, Orange Cream, and more. These flavors are also available in six zero-sugar varieties. Flying Cauldron is a non-alcoholic butterscotch beer. Reedâs Craft Ginger Beer line includes varieties with a mix of bottles and cans, including Reedâs Original Ginger Beer, Reedâs Premium Ginger Beer, Reedâs Extra Ginger Beer, Reedâs Strongest Ginger Beer, and others.
REED'S, INC. 
