NewAge Inc (fka NBEVQ) (NBEVQ)

[Timetravelerdos]

NBEV responds to Farm Bill passing in Senate:

DENVER, CO / ACCESSWIRE / December 12, 2018 / New Age Beverages Corporation (NBEV), the Colorado-based organic and natural healthy functional beverage company dedicated to making a difference for consumers with better-for-you alternatives, today issued a formal statement in response to the Farm Bill passing through the US Senate.

The Company, establishing itself as a the leading authority in the CBD-infused beverage space, is poised to aggressively expand its portfolio of CBD-infused beverages, addressing different key consumer need-states. The Company is completing initial production runs by Christmas for the full portfolio, including sparkling water (CBD WTR™), green tea (CBD TEA™), and a shot offering (CBD SHOT™). It is prepared to distribute nationally as more clarity is brought to the regulatory landscape following passage of the Farm Bill.

New Age's CBD-infused products contain 25mg of 'full spectrum' CBD, with zero THC, are non-psychotropic, and are third-party tested for safety, stability, efficacy, dosage accuracy, and are Farm Bill Compliant. In anticipation of a full national rollout, the Company has already secured retailer and distributor commitments in key legal states including Colorado, California, Washington, and Oregon, and commitments spanning over 125 thousand points of distribution in the independent and DSD channels alone.

Michael Cunningham, SVP of Sales at New Age commented, ''In the past few months, New Age has confirmed major commitments with several leading retailers in anticipation of the President signing the Farm Bill. The Company expects to launch its CBD-infused products into national accounts as they come on board in conjunction with their April resets, and is prepared to penetrate the independent market and DSD distributors beginning in January.''

https://finance.yahoo.com/news/age-beverages-responds-news-farm-125500934.html