NewAge Inc (fka NBEVQ) (NBEVQ)

[treit2002]

"Spending $75M cash is not maximizing capital when you have $80M"

Try to get it right.

"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"

So they spent net $50M and bought:

1) Annual EBITDA of $20M (that's a 40% EBITDA return)
2) A very large incremental, international platform for their products; notably, CBD and Radiation Recovery in China, Japan, and Korea.