NewAge Inc (fka NBEVQ) (NBEVQ)

[calcolinc]

NBEV:CBD-Infused Beverages Delayed Indefinitely
Jan. 3, 2019 3:59 PM ETNew Age Beverages Corporation (NBEV) Philaretos Seeking Alpha


NBEV stock recently rocketed from a market cap of $50 million to over $400 million on CBD-infused beverage hype.
NBEV just got the rug pulled out from under them with recent FDA commissioner’s statement on CBD.
Management hasn’t been forthcoming about the regulatory challenges in rolling out CBD-infused beverages in our opinion.
Launch of CBD-infused beverages delayed indefinitely.New Age Beverages (NASDAQ:NBEV) stock recently rocketed from a market cap of $50 million to over $400 million on CBD-infused beverage hype.According to the commissioner’s statement on Friday (12/20), “…It is unlawful under the FD&C Act to introduce food containing added CBD or THC into interstate commerce, or to market CBD or THC products as, or in, dietary supplements, regardless of whether the substances are hemp-derived. Under the FD&C Act, it’s illegal to introduce drug ingredients like these into the food supply, or to market them as dietary supplements. This is a requirement that we apply across the board to