Posts Tagged ‘Morinda’

Morinda/New Age Announces Expansion Plans; CEO Rings Nasdaq Closing Bell

Morinda/New Age

Morinda/New Age (NASDAQ: NBEV) recently announced that it plans to expand operations into three regions: Africa, Europe and Latin America. “We call this new initiative Project: White Spaces, and it begins today,” said Chief Commercial Officer Kelly Olsen. “We see white spaces in every market, and we will seek the best leaders in the industry…

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Morinda’s New Path

MORINDA Founded: 1996 Headquarters: American Fork, UT Top Executives: Brent Willis, CEO Products:Healthy beverages, skincare, supplements   Morinda establishes its new home within the New Age Beverage family of healthy beverage companies. The world’s leading experts on the health benefits of Tahitian Noni Juice never experienced a humble beginning. Morinda exploded onto the health and…

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Another Year of Steady Global Growth

Global

We are pleased each year to provide you with analysis of the World Federation of Direct Selling Associations’ global sales data. Writer Beth Douglass Silcox identifies the 24 global markets with retail sales of $1 billion or more from direct selling. She also digs into the 2018 numbers to not only extract the economic impact…

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DSHEA: Sen. Orrin Hatch’s Legacy to Direct Selling

Sen. Orrin Hatch

Photo credit: AP Photo Orrin Hatch, the senior senator from Utah—home to nearly 100 direct selling companies—will retire next month. The 84-year-old Hatch, the longest-serving Republican senator in US history, has spearheaded several initiatives during his time in Washington, including leading the Senate’s anti-terrorism bill in response to the Oklahoma City bombing, and, as a senior member of…

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New Age Beverages Merges with Morinda

Colorado-based New Age Beverages Corporation (NASDAQ: NBEV) announced the signing of a definitive agreement to acquire lifestyles and beverage company Morinda Holdings, Inc based in Utah. Consideration for the transaction will be $85 million, comprised of $75 million in cash and $10 million in New Age restricted stock based on the 40-day volume-weighted average price from closing. The cash consideration for the…

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