The story remains, what will tomorrow hold. All speculation - but CBD infused NONI, why not? A sales force of 160,000 selling any and all NBEV drinks, why not?
We’ve been saying for some time (May 2016 @ $0.95), that New Age Beverages (NBEV) is a growth by acquisition story, not a potential merger candidate story. Next year assuming the merger is completed, they wake up four times larger, meaner and leaner!
Their future list of acquisition targets is now categorized as “nobody is out of reach,” within reason of course!
We were expecting a series of smallish $25 million acquisitions, but $240 million in one swoop? This is nothing short of startling!