New Age Beverages (OTC: NBEV) is focused on becoming the world’s largest healthy functional beverage company. In November, New Age posted third quarter net sales of $13.4 million, up 10% from the year prior. The company’s third quarter EBITDA of $446,205 represents a year-over-year increase of 120%. In its earnings statement, the company also noted its consolidation agreement with Marley Beverage Company, which doubled the sales footprint for both companies and increased the portfolio of brands. Though the two companies will continue to operate as separate financial entities, New Age noted that the revenues of the combined group totals $70 million.
To learn more visit: www.mybucha.com, www.xingtea.com, www.aspenpure.com, and www.drinkmarley.com
About New Age Beverages Corporation
New Age Beverages Corporation is a Colorado-based, healthy functional beverage company originally founded in 2003 and re-created via the combination of XingTea®, Aspen Pure® Artesian Water, Búcha® Live Kombucha, and New Age Beverages in June 2016. In October 2016, the Company added the Marley One Drop® RTD Coffee, and Marley Mellow Mood™ Relaxation Drinks brands to the portfolio. The Company trades under the newly issued symbol NBEV on the OTC exchange. The Company competes in the fast growing healthy functional beverage segments including Ready to Drink (RTD) Tea, RTD Coffee, Kombucha, Energy Drinks, Relaxation Drinks and Functional Waters with the Brands XingTea®, Búcha® Live Kombucha, XingEnergy®, Marley One Drop®, Marley Mellow Mood™, and Aspen Pure®. The brands are sold in 46 states within the US and in more than 10 countries internationally across all channels via direct store delivery distribution systems.
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