Summary by Moomoo AI
On February 1, 2024, LQR House Inc., a niche e-commerce platform in the spirits and beverage industry, announced a 50% stock dividend as declared by its Board of Directors. This dividend equates to one additional share for every two shares held by shareholders on record as of February 12, 2024. The decision for a stock dividend follows a previous proposal for a cash dividend of up to $1 per share and reflects the Board's commitment to shareholder value and confidence in the company's future prospects. CEO Sean Dollinger emphasized the unanimous Board decision as a sign of dedication to rewarding shareholders and reaffirmed the company's principle of honoring commitments. The stock dividend is stated to be non-dilutive for current shareholders. LQR House, which operates the alcohol marketplace cwspirits.com, is focused on creating value in the wine and spirits e-commerce sector through technology-driven solutions and specialized marketing strategies.