Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
TLRY OVER $100 easy today
Dude the divorce won’t be settled for at least 6 months. Relax
You guys she’s not selling stock jeez. The retail slaughter today of Macy’s and Kohl’s is due to the dominance of Amzn holiday sales. AMZN will be 1750 by earnings on a stellar report. This morning the stock was down 40 points and is now almost green. This is the only play in town!!!!
If your wondering why Aurora isn’t participating in the marijuana Run up today it’s because of dilution
Aurora stop walking all over its shareholders with bought-deal offerings and dilutive acquisitions? No marijuana company has abused its shareholders more than Aurora, which has ballooned its outstanding share count from 16 million at the end of fiscal 2014 to probably more than 1 billion by the second quarter of fiscal 2019. This rising share count weighs on the value of existing shares, and makes it that much more difficult for Aurora Cannabis to generate a meaningful per-share profit.
Ouch
I’m looking to buy tomorrow morning
Down almost 40 points due to AAPL warning. Futures down 350!!!!
Eoy pension buying starts NOW!!!!
Everyone on this board should apologize to Taurus. I want to thank him again for making me sell at .50 cents!!!!!
Just heard a rumor that AMZN has a data scandal. Look out below!!!!
Mexico deal
Especially when they announce the deal!
Not really sure I’m in pretty big but have powder if it goes that low. Can’t imagine with Farm bill going into effect and merger completed that this company can hit their numbers. Markets will bounce I’m not worried about that. Looks like Goldman Sachs is in and will support stock down there. Time will tell. Let’s all enjoy Christmas and see what happens next week!
New Age Beverages (NBEV) Completes Merger with Morinda Holdings
New Age Beverages Corporation (NASDAQ: NBEV), the Colorado-based organic and natural beverage company focused on becoming the world's leading healthy beverage company, today announced the closing of the merger with Morinda Holdings, Inc., a Utah-based healthy beverages and lifestyles company with operations in more than 60 countries around the world.
KEY HIGHLIGHTS:
Merger creates one of the largest healthy beverage companies in the world with $300 million in net revenue, $20 million in adjusted EBITDA, $200 million in assets, and over $40 million in working capital
Combination brings a leading portfolio of healthy beverages, with multi-channel penetration spanning traditional retail, e-commerce, and in-home; with a hybrid route-to-market spanning direct-store-delivery (DSD), wholesale, and direct-to-consumer.
Merger provides infrastructure and market access for New Age's Health Sciences products and portfolio of CBD-infused beverages worldwide
Consideration for the transaction was $85 million, comprised of $75 million in cash and $10 million in New Age common stock based on the 40-day volume-weighted average price ("VWAP") calculated through December 20, 2018. The 40-day VWAP was calculated to be $4.96 per share and equated to a total of 2,016,480 shares issued. The cash consideration for the transaction was sourced from New Age's cash balance. The transaction closed on December 21, 2018.
At closing Morinda will be bringing $25 million in working capital. In 2020, New Age may provide up to a $15 million one-time payment in either cash or common stock to the former Morinda owners based on Morinda achieving a minimum of $20 million in EBITDA in 2019.
The newly combined global company will be headquartered in Denver, Colorado with major operations in Shanghai, Tokyo, Taipei, Stockholm, Munich, Utah, and more than 20 other countries, and further strengthens New Age with the infrastructure to expand its portfolio of healthy beverages worldwide.
Since announcement of the merger on December 3, 2018 , New Age's and Morinda's teams have been working on convergence including capturing more than $10 million in anticipated cost and revenue synergies. Management has also held meetings with key executives and distributors around the world to discuss the merger, its implications, benefits, and the potential revenue synergies in each major market. The convergence work and market reviews have confirmed the potential of the cost synergies and revenue synergies, in particular the potential for the sale of New Age's existing brand portfolio, New Age's Health Sciences portfolio, and New Age's impending portfolio of CBD-infused beverages.
Brent Willis, Chief Executive Officer of New Age Beverages commented, "Since announcement of the merger, we have been extremely busy. New Age continues to secure major national retail distribution on its key brands, and Morinda has been rapidly expanding its new Noni+Collagen brand globally. More cost synergies are emerging from the convergence teams and the countries are extremely enthusiastic about the potential of New Age's current and impending brand portfolio through their system. Integration is already well on track, and we have a high degree of confidence in our plans for 2019."
The scale, critical mass and profitability of the combined company, coupled with an expanded portfolio of healthy beverages, positionsNew Age to be able to capture significant growth in major markets around the world. Its multi-channel penetration and hybrid route-to-market will allow New Age to disintermediate its brand building approach to complement an already disruptive brand portfolio, and accelerate accomplishment of its mission to become the world's leading healthy beverage company.
Mon, 24 Dec 2018 11:47:47 -0500
Copyright (c) 2018 StreetInsider.com
Rank : positive
Related tickers: NEW AGE BEVERAGES CORP (NBEV)
Mexico deal imminent!!!!
I got filled this morning at $4.70 and am going to buy a little more at the close. Very low volume under 8 mil shares traded. This is truly a gift!!! Merry Christmas!!!!
Isn’t it always, NBEV will be above $6 after news years . This is a joke. The merger gives them $20mm ebita!!! Let the markets tank for now . This is a buying opportunity!
MERGER COMPLETED!!!!
Realize that most buyers are doing last minute Christmas shopping. Nervous nellies are selling at these ridiculous levels. Buyers will be back into the new year when Farm Bill takes effect. Steal their shares from them under $5!!!!!
Nice rebound and I’m in the green now GO NBEV!!!!$$$$$$
What a shit show. I didn’t see this coming. Merry Fffin Christmas !!!!
I’m in huge at $5.35 let’s hope for an end of the year bounce
Yeah bad post sorry
I bought at $6 and sold near $11.50. Never bought back in . I like the story but hate the dilution. With a market like this I see it going lower.
Not me from motley fool
Be warned, however; Aurora could fall to $2 and change before a big-league investor jumps in. So, don’t expect a margin of safety with the name.
Stay hungry. Stay Foolish.
Be warned, however; Aurora could fall to $2 and change before a big-league investor jumps in. So, don’t expect a margin of safety with the name.
Stay hungry. Stay Foolish.
OUCH $2?
The merger creates the 40th largest non-alcoholic beverage company in the world with $300 million in net revenue, $20 million in adjusted EBITDA, $200 million in assets, no debt, and $40 million in cash and working capital.
It’s a tough call, I bet a deal is around the corner
I reloaded at $5.35 when it bounced off $5.20
Bounce baby bounce!!!!
$5.20 bounce
Tried to warn u
Looks like it’s heading that way
Gentlemen that’s how you trade filled at $5.94
Come to papa nibble at $6 then $5.80
Bounce of Support $6.25
I think you’ll see a Mexico deal in January
Stay long it’s a $15 stock one day!!! I like to trade