NewAge Inc (fka NBEVQ) (NBEVQ)

[NewJerichoMan]

4 Times Oversubscribed...

http://www.bevnet.com/news/2017/new-age-beverages-begins-trading-nasdaq

"New Age Beverages’ initial public offering, estimated to be worth approximately $15 million, was four times oversubscribed due to an abundance of investor interest in the Denver-based distributor, CEO Brent Willis told BevNET on Friday.

In January, New Age Beverages announced it had launched a new portfolio of private label, store-branded RTD teas, created for a North American convenience store operator with more than 3,000 stores. According to Willis, New Age Beverages was approached by the retailers due to the success of XingTea. The new line comes in five flavors and has been rolling out throughout the country since December.

The retailer has requested to remain anonymous, Willis said."