Posts Tagged ‘NewAge’
NewAge Expands to Brazil
NewAge, Inc. announced that it has expanded operations to Brazil, one of the six largest direct selling markets in the world. NewAge and ARIIX announced their plans to merge on July 20, 2020, which will create a combined company with pro forma revenues of more than $500 million with operations worldwide and access to both developed…
Read MoreNewAge Updates Merger Agreement with ARIIX
NewAge, Inc. announced that it has amended the merger agreement for the acquisition of ARIIX. The Colorado-based omni-channel social selling and distribution company stated that it expects to close the transaction no later than November 30, 2020. Details of the amended and restated agreement and plan of merger are included in the Company’s Current Report on…
Read MoreQ&A With Brent Willis and Dr. Fred Cooper of NewAge, Inc.
EXCITING THINGS have been happening with NewAge Beverages and ARIIX. In July, a partnership formed between the two companies, and a new name was adopted. With Dr. Fred Cooper and Brent Willis as the CEOs, NewAge, Inc. is now a global firm with an estimated pro forma revenue in excess of $500 million. Together they…
Read MoreARIIX, NewAge Create Unified Partnership
A July agreement between ARIIX and NewAge, Inc., a publicly traded NASDAQ listed company, has the potential to create the only omni-channel company in direct selling with access to e-commerce and direct-to-consumer channels in more than 75 countries. “We are very excited that these companies are coming together to create a powerful global enterprise with…
Read MoreNewAge Revenue Down 5.5% in Q2
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 MoreNewAge Beverages Changes Name to NewAge, Inc.
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 MoreNewAge Announces Name Change for Direct Selling Division, Appoints Vanderveen as COO
NewAge, formerly known as Morinda, has announced a new name for its direct selling division. They will now be known as Noni by NewAge. NewAge CEO Brent Willis also announced that David Vanderveen has joined the Noni executive team as chief operations officer. “We are incredibly excited to have Dave join NewAge,” said Willis. “His…
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