NewAge, Inc. announced it has entered into an agreement to acquire Aliven, Inc., adding the Japan-based direct selling company to its portfolio of e-commerce and direct selling brands. “We see this latest partnership as an opportunity to expand our Japan market at an even faster pace,” said Brent Willis, NewAge Chief Executive Officer. “We will begin…

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Julie Garlikov

NewAge, Inc. announced that its preliminary fourth quarter earnings are expected to be in the $90 million range. Gross margins are expected to be between 64%-68%, with an EBITDA that will be at the breakeven mark. Full-year and fourth quarter final financial results will be announced on March 16, 2021. “We are pleased that our…

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Julie Garlikov

NewAge, Inc. announced it has entered into an agreement with investors to purchase 14.6 million shares of common stock in a private placement priced at-the-market under Nasdaq rules. The purchase price for the shares of common stock is $3.96. Gross proceeds from this private placement are expected to be $58 million before fees and offering…

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In an effort to impact positive change, more than 12,000 NewAge employees and representatives participated in the company’s annual Global Day of Service. Through service projects, donations to the NewAge ARIIX Foundation, the ARIIX Opportunity Rewards “Give It” program and the sales of UNITY T-shirts, NewAge supported unique charities within each market. Some of these…

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Dr. Fred W. Cooper, Ph.D., Founder and Chief Executive Officer of ARIIX prior to the company’s recent merger, will join the NewAge, Inc. Board of Directors. Dr. Cooper brings more than 25 years of career experience in e-commerce and direct selling to the NewAge leadership. “We are pleased to welcome Dr. Cooper to the board…

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Julie Garlikov

NewAge, Inc. (Nasdaq: NBEV) today announced net revenue of $62.7 million for the quarter ended September 30, 2020. The amount includes the reduction in revenue associated with the sale of the BWR retail brands during the quarter, but does not include revenues from its recently announced combination with ARIIX and four other e-commerce/direct selling companies,…

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ARIIX, a NewAge Inc. company, recently celebrated the launch of Lucim™, the company’s new full-system skincare line. Lucim skincare was developed in strategic alliance with the ARIIX Representative field, incorporating their feedback to create innovatively efficacious products. From products and packaging to positioning and pricing … even naming and scents — ARIIX Representatives have had…

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