NewAge Inc (fka NBEVQ) (NBEVQ)

[treit2002]

"no more inability to fill orders that had plagued them in the past due to insufficient funding."

And they may well be in the opposite position. Instead of single digit millions in cash and getting turned down by PNC -- forcing dreadful share issuance -- now they have $69M in cash, including a $15M loan plus a $10M credit line from an equal or superior lender at a better interest rate. And they've filed a shelf offering,

The shelf offering gives them the option to raise more capital quickly if and when they need it. They can choose an opportune time., meaning when the share price is higher, because it on't be forced. An acquisition may be one reason for the shelf.

But another may be that they are making sure they don't have inventory shortfalls in the future, even if their most optimistic projected order volume comes through. They have $60M in CBD orders that they don't know when inventory will need to be accumulated. And they have Hudson and Walmart, who may take longer to pay than they are used to. They may simply be preparing the ability to fulfill orders and reorders of dramatically increased volume, should they take off even beyond what we (or they) can surmise based on information to date.