|Bid||5.98 x 1400|
|Ask||5.99 x 900|
|Day's Range||5.46 - 6.28|
|52 Week Range||1.30 - 9.99|
|Beta (3Y Monthly)||5.72|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||7.00|
/ The latest headlines out of New York have cannabis stocks jumping during premarket trading on Wednesday. The latest news from the Empire State highlights Governor Cuomo and plans for recreational legalization in New York. With this news circulating since late Tuesday, marijuana stocks have gotten much more attention.
DENVER, CO / ACCESSWIRE / December 12, 2018 / New Age Beverages Corporation (NBEV), the Colorado-based organic and natural healthy functional beverage company dedicated to making a difference for consumers with better-for-you alternatives, today issued a formal statement in response to the Farm Bill passing through the US Senate. The Company, establishing itself as a the leading authority in the CBD-infused beverage space, is poised to aggressively expand its portfolio of CBD-infused beverages, addressing different key consumer need-states. The Company is completing initial production runs by Christmas for the full portfolio, including sparkling water (CBD WTR™), green tea (CBD TEA™), and a shot offering (CBD SHOT™).
HENDERSON, NV / ACCESSWIRE / December 11, 2018 / CBD-infused beverages are poised to take a hefty market share; giants like Constellation and Coca-Cola are already paying attention to this new cannabis ...
Just recently some of the leading marijuana companies have made a push to conduct mergers and acquisitions outside of North America. TSX: APHA), and Tilray (TLRY) are four cannabis stocks to watch this month. After Premier Health Group (OTC:PHGRF) (CSE:PHGI) recently engaged in discussions with Licensed Producers under the Access to Cannabis for Medical Purposes Regulation, the company is looking to establish a framework for entry into the cannabis arena.
NEW YORK, NY / ACCESSWIRE / December 11, 2018 / Some pot stocks were climbing higher in Monday's session including New Age Beverages after traders learned that some US. Shares of Coca-Cola were little changed after Wall Street learned the company is looking to sell its historic Coca-Cola building in Manhattan. The Coca-Cola Company shares were modestly in the green on Monday with about 12.3 million shares traded.
HENDERSON, NV / ACCESSWIRE / December 10, 2018 / Legal cannabis cultivation in the U.S. consumes an estimated 1.1 terawatt-hours of electricity a year, according to the 2018 Cannabis Energy Report, published ...
CORAL GABLES, FL / ACCESSWIRE / December 10, 2018 / Marijuana stocks remain in the spotlight. CBD or cannabidiol is derived from the cannabis plant but has none of the psychotropic effects of THC. Four leading cannabis stocks to watch after this big development: Premier Health Group (PHGRF) (PHGI), New Age Beverages (NBEV), Aphria (APHA), and Canopy Growth (CGC) (WEED.TO).
In particular, there are three e-commerce companies rivaling Amazon's growth rate in the 2000s: New Age Beverages Corporation (NBEV), Etsy (ETSY), and Conversion Labs (CVLB). Conversion Labs (CVLB) remains under the radar despite substantial growth from $0 to ~$10 Million in revenue from just one of its brands since launching in 2017, far greater than the $2 Million in revenue New Age Beverages Corp achieved in 2016 after launching in 2015. New Age Beverages Corporation (NBEV) (Market Cap: $333.588 M) (Share Price: $4.58) saw a huge jump of 15.6% in its share price last week, after announcing the acquisition of Morinda Holdings for $75 million in cash and $10 in NBEV stock.
With the stock market under pressure, not many investors are flocking to speculative holdings like Canopy Growth (NYSE:CGC). Specifically, Canada’s decision to legalize recreational marijuana use in mid-October caused a temporary spike, which was eventually sold into as the overall market came under pressure. Is Canopy Growth Stock a Good Company?
The market for CBD products is about to explode, but keep in mind that not everyone will be a winner.
CORAL GABLES, FL / ACCESSWIRE / December 7, 2018 / Marijuana stocks are in a very bright spotlight today as one of the biggest deals in the history of this emerging industry has been made. It was formalized today that Altria (MO), owner of Marlborough maker Philip Morris will be putting a near $2 billion bet on legal cannabis. With this confirmation today, cannabis stocks are getting a big boost.
Investorideas.com, a global news source covering leading sectors including marijuana and hemp stocks, releases a sector snapshot looking at the race for positioning in the future cannabis beverage space, with companies targeting key executives from the beverage industry as well as expanding with corporate acquisitions in the alcoholic and non-alcoholic beverage sector. High expectations on the passing of the US 2018 Farm Bill, as well as Canada’s anticipated edibles roll-out in 2019, have pushed cannabis infused beverage companies to continue to add to their company rosters ensuring they are fully prepared to seize the massive CBD beverage market in Canada, the US and internationally. Looking to the future, Sproutly Canada, Inc. (CSE:SPR) (OTCQB:SRUTF) (38G.F), a licensed cannabis producer in Canada that has secured a natural water soluble technology to redefine cannabis beverages, just announced two new hires from the beverage sector, adding to their already seasoned team.
HENDERSON, NV / ACCESSWIRE / December 4, 2018 / With the market making a major bounce back in recent sessions, here are a few that may help you capitalize on this uptrend. Today we are highlighting: CleanSpark, ...
NEW YORK, NY / ACCESSWIRE / December 4, 2018 / Cannabis related stocks Cronos Group and New Age Beverages Corp. were soaring on Monday on positive developments. New Age Beverages announced that it would be acquiring Morinda Holdings, a company specializing in health beverages, while Cronos Group shares popped on reports of a potential merger with Altria. Cronos Group Inc. shares were up 11.15% at the close on Monday with an additional 8.65% in gains in after-hours trading after the company confirmed that it has engaged in discussions concerning a potential investment by Altria Group Inc., however no agreement has been reached yet.
Brent Willis’ healthy beverage company had 171 employees across the U.S. on Sunday evening. Denver-based New Age Beverages Corp. (Nasdaq: NBEV) acquired Utah-based Morinda Holdings for $85 million, company officials announced Monday.
a $337 million soft drinks maker, said Monday it was acquiring Morinda Holdings, a cannabis-infused drink seller, for $85 million. Although New Age makes only soft drinks, many of its products are aimed at creating a relaxing or therapeutic experience, and it wants to capture the growing consumer hunger for cannabis infused drinks. "This acquisition has potential to expand their strategic push into cannabis infused beverages globally, and further strengthens their award-winning healthy beverage portfolio," a spokeswoman for New Age Beverages said in an email to TheStreet.
New Age Beverages Corp (NASDAQ: NBEV) shares were trading higher Monday after the company announced the acquisition of Morinda Holdings. New Age Beverages will pay for Morinda with $75 million in cash and $10 million in restricted stock. In exchange, Morinda will bring $25 million in working capital and no debt.
CORAL GABLES, FL / ACCESSWIRE / December 3, 2018 / Marijuana stocks and the cannabis industry at large have seen big changes in recent months, and that has many investors looking closer at cannabis stocks for the first time. The start of recreational cannabis sales in places like Canada has given the businesses that grow, process, and distribute marijuana a chance to prove themselves. Four leading cannabis stocks to watch this week: Leafbuyer Technologies Inc. (LBUY), New Age Beverages Corporation (NBEV), Tilray, Inc. (TLRY), and CV Sciences, Inc. (CVSI).
Shares of New Age Beverages Corp. rocketed 18% in premarket trade Monday, after the Colorado-based CBC-infused beverage company announced a deal to buy Utah-based Morinda Inc. for $85 million. Under terms of the deal, New Age will pay $75 million in cash and $10 million in New Age restricted stock. At completion of the deal, which is expected in December, Morinda will be bringing $25 million in working capital and no debt. The companies expected more than $10 million in cost and revenue synergies to be achieved over the next 12 to 18 months. "Morinda adds New Age's portfolio of healthy beverages to its network to drive further growth alongside its lead brand, Tahitian Noni," said New Age Chief Executive Brent Willis. "New Age adds significant scale, and infrastructure to accelerate growth, especially of its CBD-infused beverages and Health Sciences portfolio." New Age's stock has more than tripled (up 213%) over the past three months, while the ETFMB Alternative Harvest ETF has lost 12% and the S&P 500 has slipped 4.9%.
DENVER, Dec. 3, 2018 /PRNewswire/ -- New Age Beverages Corporation (NBEV), the Colorado-based healthy lifestyles company focused on becoming the world's leading healthy beverage company, today announced the signing of a definitive agreement to acquire Morinda Holdings, Inc., a Utah-based healthy lifestyles and beverage company with operations in more than 60 countries around the world.
In the latest trading session, New Age Beverage Corporation (NBEV) closed at $4.42, marking a -0.23% move from the previous day.
Farmbill negotiators said Thursday they reached an "agreement in principle," offering hope of breaking a months-long impasse over commodity and food-stamp policy that would pave the way for Congress to send legislation to President Donald Trump before the end of the year. KoiosBeverage Corp. (KBEVF) (KBEV) is an emerging functional beverage company which has an available distribution network of more than 2,000 retail locations across the United States in which to sell its products. Koios has relationships with some of the largest and most reputable distributors in the United States , including Europa Sports, Muscle Foods USA , KeHE, and Wishing-U-Well.