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- Canned water company Liquid Death hired Goldman Sachs for a potential initial public offering as soon as next spring, according to a report from The Information.
- Liquid Death was valued at $700 million in an $70 million financing round led by Science Ventures last year, Peter Pham, co-founder of Science and a board member at Liquid Death, wrote in a Medium post in October.
- Liquid Death projected $130 million in revenue in 2022, up from $45M in 2021 and was on pace to double in 2023, according to Pham.
If canned water can sell at a competitive price to bottled water, I think this business could do very well. Cans also can keep the water colder, and no BPA.
People are so dumb for buying this crap.
…..here’s an easy short
I find it hard to believe that growing demand for canned water is sustainable. Its got a cool name but no fancy flavors or anything, just H2O.