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, […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
New Age Beverages Corporation announced that Julie Garlikov has joined the company as the newly appointed chief marketing officer effective November 4, 2019. Garlikov began her career at the Procter and Gamble Company and held commercial leadership roles of increasing responsibility at Johnson & Johnson, Allergan, PepsiCo, and Torani. She brings over two decades of […]
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 […]