XGL

Peak Fintech Business Hub Client Expands Exclusive Distribution Rights to Red Bull Energy Drinks

Retrieved on: 
Friday, September 17, 2021

MONTREAL, Sept. 17, 2021 /PRNewswire/ -Peak Fintech Group Inc. (CSE: PKK) (OTCQX: PKKFF) ("Peak" or the "Company"), an innovative Fintech service provider and manager of the Cubeler Business Hub, today announced that snack foods and soft drinks distributor and Business Hub member, Xiamen Guangzhui Ltd. ("XGL"), was awarded exclusive distribution rights to Red Bull energy drinks at Petro China and Sinopec convenience stores in 3 more provinces in China.

Key Points: 
  • MONTREAL, Sept. 17, 2021 /PRNewswire/ -Peak Fintech Group Inc. (CSE: PKK) (OTCQX: PKKFF) ("Peak" or the "Company"), an innovative Fintech service provider and manager of the Cubeler Business Hub, today announced that snack foods and soft drinks distributor and Business Hub member, Xiamen Guangzhui Ltd. ("XGL"), was awarded exclusive distribution rights to Red Bull energy drinks at Petro China and Sinopec convenience stores in 3 more provinces in China.
  • The news comes a little more than 30 days after Red Bull granted similar rights to XGL in 5 Chinese provinces .
  • With exclusive distribution rights now in 8 provinces, XGL is already one third of the way to achieving its objective of having exclusive distribution rights to the popular energy drink in every province in China.
  • By virtue of the agreement between Peak and XGL, which states that XGL clients can only purchase Red Bull from XGL through the Gold River platform and the Business Hub, each province for which XGL receives exclusive rights from Red Bull essentially guaranties the arrival of a certain number of convenience stores from that province to the Business Hub.

Peak Fintech Business Hub Client Earns Exclusive Distribution Rights to Red Bull Energy Drinks

Retrieved on: 
Wednesday, August 11, 2021

MONTREAL, Aug. 11, 2021 /PRNewswire/ - Peak Fintech Group Inc. (CSE: PKK) (OTCQX: PKKFF) ("Peak" or the "Company"), an innovative Fintech service provider and manager of the Cubeler Business Hub, today announced that Business Hub member, Xiamen Guangzhui Ltd. ("XGL"), a snack foods and soft drinks distributor, recently received the exclusive rights to distribute Red Bull energy drinks to Petro China and Sinopec convenience stores in 5 provinces in China.

Key Points: 
  • MONTREAL, Aug. 11, 2021 /PRNewswire/ - Peak Fintech Group Inc. (CSE: PKK) (OTCQX: PKKFF) ("Peak" or the "Company"), an innovative Fintech service provider and manager of the Cubeler Business Hub, today announced that Business Hub member, Xiamen Guangzhui Ltd. ("XGL"), a snack foods and soft drinks distributor, recently received the exclusive rights to distribute Red Bull energy drinks to Petro China and Sinopec convenience stores in 5 provinces in China.
  • After joining the Business Hub in January 2021 , XGL saw a significant increase in operations, which XGL credits for obtaining the exclusive rights from Red Bull.
  • Peak and XGL also signed an agreement to make Red Bull available to XGL clients exclusively through the Company's Gold River platform .
  • This means that all Petro China and Sinopec convenience stores operating where XGL owns the exclusive distribution rights will eventually require accounts on the Business Hub in order to continue to sell the popular energy drink.