Shares in Reed’s Gain on Kroger Deal

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Reed’s Inc. shares got a boost Friday after the all-natural drink maker said that Kroger Supermarkets agreed to carry Reed’s products in 815 locations across the country.


Cincinnati-based Kroger, the largest full-service supermarket in the United States, will offer the all natural drinks at its Kroger, Dillon’s, Fry’s, King Soopers and Smith’s locations, Reed’s said in a release.


This deal comes a few weeks after the Los Angeles-based company said it reached a deal in which Ralph’s supermarkets agreed to carry the full line of Reed’s drinks.


Shares in Reed’s were up 9 percent to $2.37 in afternoon trading Friday.

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