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NewAge, Inc. (NBEV)

NasdaqCM - NasdaqCM Real Time Price. Currency in USD
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2.6300-0.0700 (-2.59%)
At close: 4:00PM EST
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  • p
    paul
    I don’t understand all the negativity, if you’re here that means you own the stock. If you’re so bearish sell and move on. I’d rather hold with optimism about NBEV going much higher
  • M
    Mark
    DENVER, Feb. 16, 2021 (GLOBE NEWSWIRE) -- NewAge, Inc. (Nasdaq: NBEV), the Colorado-based healthy products company intending to become the world’s leading social selling and distribution company today announced that it anticipates net revenue for the fourth quarter of 2020 to be in the $90 million dollar range, Gross Margin in the 64% – 68% range, with EBITDA to be around breakeven. The company will report its fourth quarter and full-year results on March 16, 2021.
    Brent Willis, Chief Executive Officer of NewAge, commented, “We are pleased that our anticipated fourth quarter revenue will be higher than we anticipated and significantly above expectations. We are seeing strong growth coming from our European and Americas regions and are also seeing renewed growth in Japan, our largest market. Our global sales force of independent brand partners continue to adapt to the new way of operating an e-commerce business from home, the new multifunctional hub. The convergence between NewAge and ARIIX is also beginning to deliver results and we are on track to achieve our committed cost synergies and deliver positive EBITDA in 2021 as our growth and cost savings translate to positive net income and free cash flow.”
  • c
    col
    In the disclosure there was nothing about the suspension of Ariix in Japan. Pretty telling about the transparency of the management. So revenues are falling in China and the suspension of Japan affect on revenues won't show up till the next report.
  • k
    kurt
    BW may be the lowest rated and ranked ceo for public company’s !!!
  • M
    Michael
    A company that claims to be the fastest growing beverage company in the world should probably keep it’s mouth shut until they actually meet earnings expectations.
  • R
    Robinho
    Question: if they show a profit for the several consecutive quarters, what will the share price be? That is what you should look forward to.
  • R
    Robinho
    The private placement was more than likely to raise cash for future operations / acquisitions. This is the last chance to buy at these levels.
  • M
    Mark
    DENVER, Feb. 16, 2021 (GLOBE NEWSWIRE) -- NewAge, Inc. (Nasdaq: NBEV), the Colorado-based social selling and distribution company with a global network of independent brand partners and distributors today announced that it has entered into a definitive agreement with investors to purchase 14.6 million shares of common stock in a private placement priced at-the-market under Nasdaq rules. The purchase price for the shares of common stock is $3.96.
    The gross proceeds from the private placement are expected to be $58 million before deducting placement agent fees and other estimated offering expenses. As part of the private placement, investors will receive warrants to purchase up to 7.3 million additional shares at $5.00 per share, a 28% premium to the most recent closing price.
    The private placement is expected to close on or
  • J
    JW
    Haha those people that brought in the private placement are down 22 percent and counting in a couple of days. Do you think they want a redo? Bagholders!
  • J
    JW
    If you bought in the private placement you would still be down 30 percent today. This stock is still overpriced
  • D
    Dan In MD
    Those investors that bought at $3.96 per share x 14.6m shares just lost 10%. Welcome to the bagholder club along with everyone else without an exit plan.
  • t
    tony
    you know the sp is going down when tony shows up ...hmm do I know somthing others don't? yeah its called a non profitable company for as long as they've been around ...if you are not profitable after 5 years u know somthing is wrong !!!! sorry new bag holders can't say I didn't warn u ..watch out for the pumpers ...N ..wazer ..Robinho ..many are using the same profile different names to pump
  • t
    tony
    12 year non profitable company with the same model buy other companies that are failing as well as take advantage of shareholders money 2.50 coming
  • T
    Ted
    There is no coke deal, this is happening because the next quarter will show now a 500 million company, more than double, and profitable, with goals to be over a billion in record time!!!
  • d
    david
    wazir, buddy where's all that cbd and profits?
  • R
    Robinho
    issuance of shares normal for a merger. March earnings will probably be close to break even with elevated guidance moving forward. buy orders have been positioned based on the behavior of this pullback.
  • d
    david
    I muted n over a year ago, time to mute wazir for similar reasons.
  • J
    J
    keep mind, there are some large additional dilution events taking place - 6 months after acquisition date will be equivalent of $10MM or $10MM worth of stock to former ARRIX owners. On the 1 year mark, the company will have to issue 25.5MM shares, at at 14 mo's from acquisition...another 2.9MM shares.
  • J
    Jay
    just seems like we've seen this before. pot and CBD sector flying high on hype and upcoming earnings and then a massive sell off is typically imminent. let's hope this time it's different and we hold our gains!
  • N
    N
    As part of the private placement, investors will receive warrants to purchase up to 7.3 million additional shares at $5.00 per share, a 28% premium to the most recent closing price.

    They expect NBEV to go up in the near future. Down for now. $5 in a few weeks once weak hands gave up all their share. Good luck