NewAge Inc (fka NBEVQ) (NBEVQ)

[StockItOut]

NewAge sells via network marketing. The independents (business owners) are typically not wealthy hence their drive to buy product, sell product, and recruit more to do the same, while getting increasing drip commissions and bonuses along the way, in hopes of strong ongoing residual income. That's how NewAge sells predominantly. That's their revenue. Network marketing. Weird. An out of the blue jump the revenue maneuver with the Morinda buy. Lead products seem generally healthy and not junk food. NewAge just sold-off much of their junk food and drink. CBD drinks, if they start selling in America, will be junk 'healthy' drinks, but the CBD the sizzle, if not MJ too in time. And yet, their network marketing sales and revenue is growing.

That Morinda buy was wasted cash taking the company another direction. Willis clearly a bullshitting trickster.