We have been watching NBEV for a considerable amount of time, monitoring acquisition progress and current portfolio performance.
We're time stamping the date and price of our interest today for potential future bragging rights. The future has never looked brighter.
In our opinion, New Age (NBEV) is an incubator of high-potential up and coming brands.
So the story here isn't just the current portfolio and/or potential of the CBD infused future portfolio. The full story is they are now in the best position they have ever been to find and market additional brand acquisitions.
If we had a small up and coming brand and we wanted to sell in exchange for an equity position, we would choose a small cap company over Coke (KO) or Dr Pepper (KDP).
Past client, we originally initiated coverage in February of 2015.
In May of 2016, we amazingly predicted it could run if Wall Street began to look at it as an acquirer vs an acquiree and they would attract an investment banker to fund their acquisitions. Done and Done!
American Brewing (ABRW) Announces Merger $0.95 May 2016.
A new report is coming in addition to a report on a current client, the Alkaline Water Company (OTCQB:WTER). We're also compiling a list of additional CBD plays including a list of names that "may" (using our crystal shiny ball) announce interest in CBD. So instead of chasing where the puck is going, we'll be anticipating where it's going.