The exact formula for Cheerwine has never been revealed, and the company that produces it is still owned and operated by Peeler descendants.
The popularity of the new drink was so great that the bottling company changed its name in 1924 to the Piedmont Cheerwine Bottling Company. For many years the drink was only available in western North Carolina where it is still tremendously popular, but in 1981 the company began to expand beyond its traditional market into neighboring states.
In January 2003 Cheerwine became available in Europe for the first time through a licensing agreement with a local bottling company in Norway.
I always stock up with at least four two liter bottles of Diet Cheerwine when I visit North Carolina.
--DaCheerCoot
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