Today's Alert Is: NWGFF
Greetings All,
Legal marijuana stocks have been on a tear in recent weeks and we have kept our eyes wide open looking at companies that could become all-stars in the industry.
One company that could become a leader in the legal MJ space is New Age Farm Inc., (NWGFF) a company that recently acquired 100% of Drink Fresh Water LLC, a CBD infused beverage company.
Coca-Cola spokesman Kent Landers told Bloomberg News in a statement, “We are closely watching the growth of non-psychoactive CBD as an ingredient in functional wellness beverages around the world...The space is evolving quickly. No decisions have been made at this time.”
PepsiCO also said it was eyeing the market but at the time is not getting involved. One company that did get involved is Constellation Brands which made a whopping $4 billion, that's right BILLION, investment into Canopy Growth, a Canadian marijuana company.
If this doesn't scream confidence in the CBD beverage future, then we don't know what does.
NWGFF is currently around a dime and at these levels, the upside potential here could be pretty tremendous!
The stock has been breaking out in the last few days, moving from under 8 cents to as high as 12 cents today.
Trading volume for the stock has more than doubled today and with gains of nearly 15%, it looks like there is some pretty heavy momentum that could carry the stock even higher.
Make sure NWGFF is high on your radar as there could be more possible gaining action to come!
About the Company:
Drink Fresh Water (DFW) is NWGFF's new wholly owned subsidiary. The company was established in California by a group of industry leaders and has a flagship product - a CBD infused, nano amplified alkaline water.
The product has continued to grow steadily and can now be found throughout the nation in over 100 unique retail stores.
NWGFF feels confident they can drastically increase that distribution. Additionally, the company looks to expand on the current success by adding additional SKUs in the very near future.
NWGFF CEO Joshua Bartch stated, “We are incredibly pleased with the acquisition of Drink Fresh Water LLC. We have been in talks with the company for some time regarding the potential to work together in some capacity. I was always impressed with the product, branding and overall concept of the company. We’ve known the team at Fresh Water for some time and I have personally worked with them in various capacities. We are excited to join forces and work together to expand this industry leading company into a true industry giant.”
The company's Chief Marketing Officer, Benjamin Martch, stated, "After seeing the success of Fresh Water, the recent hype around CBD infused beverages, the New Age Board of Directors have all decided that Drink Fresh Water LLC is a great addition to the New Age portfolio. The current team of industry professionals running Drink Fresh Water LLC is nothing less than impressive and with our help with production and international marketing we feel this will be a win for New Age.”
Benjamin Martch is also the founder and CEO of the company's wholly owned subsidiary We Are Kured.
KURED, which NWGFF acquired in December of 2017, is building an innovative online CBD and lifestyle company.
KURED has partnered with best in class hemp cultivators, edible manufacturers, cutting edge product formulators to develop, market and distribute multiple lines of CBD products including, but not limited to, CBD vaporizer pens, topicals, gel capsules and more. All of We Are Kured’s products are 100% THC free and will be available for purchase internationally.
“Our goal to become a vertically integrated company has proven to exceed expectations in terms of our margins. With the support we’ve seen from our followers, we are excited to give them the same respect” commented Martch.
Shares of NWGFF were as low as around 3 cents just this past August. At this weeks high of 12 cents, the stock has almost quadrupled in price!
As more of Wall Street learns about the company's latest acquisition and entrance into the CBD beverage arena, these shares could skyrocket!
Fresh Water CBD may become a house-hold name in CBD beverages and the stock could be at ground-floor prices right now.
We will be sending more information NWGFF later tonight. In the meantime, for more information, visit the company's website at: www.newagefarminc.com.
NWGFF is our newest alert that could sizzle in the legal MJ sector!
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