NewAge Inc. NBEVQ

Consumer Defensive Beverages - Soft Drinks

NewAge Inc is engaged in the business of developing, marketing, selling, and distributing a portfolio of healthy products sold primarily through a direct to customer business model using a team of brand partners and distributors to help market and sell the portfolio of brands. Its Direct/Social Selling segment is engaged in the development, manufacturing, and marketing of a portfolio of healthy products in three core category platforms including health and wellness, healthy appearance, and nutritional performance all sold primarily via e-commerce and through a direct route to market. It has a business presence in the US, Japan, China and other countries.

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NewAge Inc. > Oscar

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Comment by skyhigh123on Dec 18, 2018 9:43am

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Post# 29128311

RE:RE:RE:RE:RE:Oscar

New Age Beverage (NASDAQ:NBEV), the US based energy and natural beverage manufacturer recently announced that it was beginning to produce CBD infused beverages. This got the attention of the entire beverage industry, including Coca-Cola, whom was reportedly interested in acquiring a minority stake or acquiring New Age outright. This is would be a natural play for Coca Cola, as their core soft drink business is being eroded by healthier alternatives. They continuously looking for new beverages to add to their portfolio to address the growing consumer demand for healthy alternatives. New Age’s CBD infused beverages would fit within Coca-Cola’s mandate of diversifying through health conscious beverages, and would take advantage of the hot CBD sector.
Read more at https://www.stockhouse.com/news/press-releases/2018/12/17/breaking-news-passage-of-2018-farm-bill-could-lead-to-a-flurry-of-m-a-activity#RfzORI2skEVo1RW4.99

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