RE:Off Topic 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.
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