Earnings release
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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 • Net revenue of $ 5.6 million , up 2 % from the prior - year quarter • • Non - Alcoholic and Functional segment net revenue of $ 0.4 million , up 132 % , driven by Good Twin growth and the launch of AMASS Electrolytes Core brand net revenue up 12 % , representing 67 % of brand - attributed net revenue compared with 62 % in the prior - year quarter Gross profit of $ 1.5 million , or 26.7 % of net revenue , adjusted gross profit of $ 1.6 million , or 29.3 % Adjusted EBITDA of $ ( 1.7 ) million 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 • • • • • 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 . 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 . 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 . 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 . 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 .