Victory Marine Holdings Reduces Convertible Debt by More Than 95% During Transformational Second Quarter 2026
https://www.globenewswire.com/news-release/20...-2026.html
Balance sheet strengthened through capital formation and significant debt reduction as Dunn & Groux Beverage Holdings accelerated commercialization of the GUTSI™ platform, expanded national distribution, and continued executing its vertically integrated beverage and wellness commercialization strategy.
Commercial production underway across the GUTSI™ beverage and wellness portfolio with active distribution spanning six U.S. markets.
LOS ANGELES, July 15, 2026 (GLOBE NEWSWIRE) -- Victory Marine Holdings Corp. (OTC: VMHG), through its operating subsidiary Dunn & Groux Beverage Holdings, Inc. ("DGBH"
, today provided a second quarter 2026 business update highlighting significant progress in strengthening the Company's capital structure while advancing the commercialization of its vertically integrated beverage and wellness platform. During the quarter, the Company reduced outstanding convertible note debt by more than 95%, strengthened its balance sheet through continued capital formation, accelerated commercialization of the GUTSI™ platform, expanded company-owned and partner distribution capabilities, and continued executing the long-term operating strategy established following the March 2026 reverse merger.
The second quarter represented the Company's first full quarter of commercial execution following the March 2026 reverse merger. With the foundational elements of the business combination in place, management focused on strengthening the Company's capital structure, expanding national distribution, commencing commercial production across the GUTSI™ portfolio, growing company-owned Direct Store Distribution ("DSD" operations, and positioning the business for continued national retail expansion.
Management believes the second quarter marked an important inflection point as DGBH transitioned from building its operating platform to executing its national commercialization strategy.
Collectively, these accomplishments reflect continued execution of DGBH's long-term commercialization strategy, combining strengthened financial resources, expanding commercial capabilities, company-owned distribution infrastructure, and experienced commercial leadership into an integrated operating platform designed to support sustainable national growth.
https://www.globenewswire.com/news-release/20...-2026.html
Balance sheet strengthened through capital formation and significant debt reduction as Dunn & Groux Beverage Holdings accelerated commercialization of the GUTSI™ platform, expanded national distribution, and continued executing its vertically integrated beverage and wellness commercialization strategy.
Commercial production underway across the GUTSI™ beverage and wellness portfolio with active distribution spanning six U.S. markets.
LOS ANGELES, July 15, 2026 (GLOBE NEWSWIRE) -- Victory Marine Holdings Corp. (OTC: VMHG), through its operating subsidiary Dunn & Groux Beverage Holdings, Inc. ("DGBH"
, today provided a second quarter 2026 business update highlighting significant progress in strengthening the Company's capital structure while advancing the commercialization of its vertically integrated beverage and wellness platform. During the quarter, the Company reduced outstanding convertible note debt by more than 95%, strengthened its balance sheet through continued capital formation, accelerated commercialization of the GUTSI™ platform, expanded company-owned and partner distribution capabilities, and continued executing the long-term operating strategy established following the March 2026 reverse merger. The second quarter represented the Company's first full quarter of commercial execution following the March 2026 reverse merger. With the foundational elements of the business combination in place, management focused on strengthening the Company's capital structure, expanding national distribution, commencing commercial production across the GUTSI™ portfolio, growing company-owned Direct Store Distribution ("DSD"
operations, and positioning the business for continued national retail expansion. Management believes the second quarter marked an important inflection point as DGBH transitioned from building its operating platform to executing its national commercialization strategy.
Collectively, these accomplishments reflect continued execution of DGBH's long-term commercialization strategy, combining strengthened financial resources, expanding commercial capabilities, company-owned distribution infrastructure, and experienced commercial leadership into an integrated operating platform designed to support sustainable national growth.
