Replies to post #33923 on Branded Legacy Inc (BLEG)

[Slider25]

Agree, facts can be difficult and may get twisted, so I'll refer to their S-1 filing:

"New Age Beverages Corporation was formed under the laws of the State of Washington on April 26, 2010, under the name American Brewing Company, Inc" and "On April 1, 2015, we acquired the Assets of B&R Liquid Adventure, which included the brand, Búcha ® Live Kombucha. Prior to acquiring the Búcha Live Kombucha® brand and business, we were a craft brewery operation"

Brewed beer is a beverage. I am not saying they were a beverage company when they uplisted because they turned into a distributor. But they sure started out as one. They also have a $25 million loan/line of credit. Their debt is actually not too bad, but I would not call it "no" debt.