Julie Garlikov

NewAge, Inc. announced financial results for the quarter ended June 30, 2020, with net revenue reaching $62.6 million. The revenue does not include revenues from NewAge’s recently announced combination with ARIIX and four other direct selling companies, which is expected to more than double the size of the company and improve the combined entity’s profitability. The…

Read More
Julie Garlikov

NewAge, Inc. today announced it has changed its name to NewAge, Inc. from New Age Beverages Corporation to reflect the strategic priorities of the business. Although NewAge remains committed to the beverage category in all channels, and beverages still represent almost 50 percent of the company’s portfolio, it sees significant opportunities in the broader consumer…

Read More

NewAge Beverages Corporation announced it has entered into a definitive agreement to acquire ARIIX, together with four additional companies in the e-commerce and direct selling channels. The combination will create a global firm with estimated pro forma revenues in excess of $500 million across more than 75 countries worldwide. NewAge and ARIIX have agreed to…

Read More

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…

Read More