Lone River Beverage Launches New Margarita Style Beverage

Lone River Beverage Company, owned by Diageo Plc DEO, has launched a new margarita style beverage, Lone River Ranch Rita.
Ranch Rita, made with agave nectar and a taste of lime, is a premium take on the canned margarita style beverage with 6% ABV.
The drink is inspired by Far West Texas where the ranch water and margarita cocktails are rooted in ranching history.
Ranch Rita joins the full Lone River portfolio at major retailers nationwide this month.
Price Action: DEO shares are trading lower by 1.21% at $202.19 on the last check Tuesday.