NewAge Inc (fka NBEVQ) (NBEVQ)

[treit2002]

You do not have to produce profits for the share price to increase. Witness Tesla or Amazon, and more relevantly, pretty much all early stage companies.

NBEV is a completely different company than before Morinda. They are now bankable; their revenue is about 5x what it was; they are now producing positive EBITDA; they have new channels to sell products through, including and beyond Morinda; they have quite ample cash balances and liquidity; they have$60M of incremental CBD business, once regulatory hurdles abate (foreign markets beforehand).

I agree that they do have to produce profits at some point, but if revenue and market shares are increasing throughout 2019 and into 2020, I think the share price can easily move up without profits.

It can really move up in 2020 and 2021 I think, if/when they are producing increasing net income.