AMSS

EX-99.1

2 amss040_ex99-1.htm

EXHIBIT 99.1

Exhibit 99.1

AMASS Brands Inc. Reports Second Quarter 2026 Results

Core Brands Grow 12% While Non-Alcoholic & Functional Revenue More Than Doubles

Portfolio Transformation Continues with New Retail Wins, Category Leadership and Functional Expansion

Introduces Initial Financial Guidance for Q3, Full-Year 2026 and Fiscal 2027

SANTA MARIA, Calif., August 17, 2026 — AMASS Brands Inc. (Nasdaq: AMSS), a premium, multi-category beverage platform spanning non-alcohol, functional, and alcohol 2.0 products, today announced financial results for the second quarter ended June 30, 2026.

Financial Highlights for the Second Quarter

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Net revenue of $5.6 million, up 2% from the prior-year quarter

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Non-Alcoholic and Functional segment net revenue of $0.4 million, up 132%, driven by Good Twin growth and the launch of AMASS Electrolytes

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Core brand net revenue up 12%, representing 67% of brand-attributed net revenue compared with 62% in the prior-year quarter

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Gross profit of $1.5 million, or 26.7% of net revenue, adjusted gross profit of $1.6 million, or 29.3%

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Adjusted EBITDA of $(1.7) million

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Cash and cash equivalents of $1.6 million at June 30, 2026; 11,605,081 shares of common stock and 3,856,688 common stock warrants outstanding

Second Quarter 2026 Business Highlights

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Good Twin Became the #1 Organic Non-Alcoholic Wine Brand in the U.S. Good Twin claimed the #1 position in the U.S. organic non-alcoholic wine category by dollar share, according to Nielsen, capturing more than one-third of category dollars while growing dollar sales more than 122% year-over-year, nearly three times the growth rate of the category, underscoring the Company’s ability to build category leaders within one of the fastest-growing segments in beverage.

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Launched AMASS Electrolyte Mixers, Entering the Functional Wellness Category. The Company launched AMASS Electrolyte Mixers, its first AMASS-branded functional beverage product designed for both standalone hydration and mixer occasions, extending the platform into the multi-billion-dollar functional wellness category.

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Secured First U.S. Distribution Partner for AMASS Electrolyte Mixers. Great Lakes Wine & Spirits, Michigan’s leading family-owned wholesale distributor, became the brand’s first U.S. distribution partner, establishing an initial commercial footprint and the first step in the Company’s multi-market rollout of the functional beverage line.

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Pizzolato MUSE Claimed #1 in U.S. Organic Sparkling Wine and Launched Nationwide at Whole Foods Market. Pizzolato claimed the #1 position in the U.S. organic sparkling wine category by dollar share, according to Nielsen, holding more than double the share of its nearest competitor, while beginning a nationwide rollout at Whole Foods Market on June 1, materially expanding the brand’s retail footprint.

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Announced Planned Acquisition of a Majority Stake in HpO Sparkling Protein Water. The Company announced the planned acquisition of a majority stake in HpO, a zero-sugar sparkling protein water brand, expanding AMASS further into functional hydration at the intersection of two accelerating consumer trends: protein consumption and premium hydration. The transaction would bring the Company’s ownership to approximately 50% on a fully diluted basis, with a three-year option to acquire the remaining interest.

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Pizzolato Non-Alcoholic Spritz Rolled Out at Eataly Nationwide. Three Pizzolato ready-to-drink non-alcoholic spritz beverages began rolling out across 12 U.S. Eataly locations, with the Pizzolato 0% Hugo featured on the menu at Eataly’s flagship restaurant concept, extending the brand into premium retail and hospitality channels as the no-alcohol aperitivo occasion gains momentum.

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Completed Nasdaq Direct Listing. On May 20, the Company completed its direct listing, with its common stock beginning to trade on the Nasdaq Global Market under the symbol “AMSS.” The direct listing marked the Company’s debut as a publicly traded company and a defining milestone in its long-term brand and platform growth strategy.

Highlights Subsequent to Quarter End

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Launched AMASS Electrolyte Powder Mixers. In July, the Company expanded its functional hydration platform with the launch of AMASS Electrolyte Powder Mixers, a single-serve stick-pack format available through the Company’s direct-to-consumer channel, extending the AMASS Electrolyte Mixers line into everyday, on-the-go hydration occasions.

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Summer Water Rosé Expanded to 37 California Costco Locations. Summer Water Rosé, confirmed by Nielsen as the #1 best-selling domestic rosé in the $15–$20 price tier nationally, expanded distribution into 37 Costco locations across California. In addition, Wine Enthusiast awarded the 2025 vintage 92 points and a Best Buy designation, the brand’s sixth consecutive vintage rated 90 points or higher.

Management Commentary

"The second quarter marked an important milestone for AMASS