New Age Beverages Corp (NASDAQ: NBEV) is having an incredibly strong start to the trading session this morning, and for good reason. The company announced the global launch of its CBD products, exciting investors and sending the stock for the top. Today, we’ll talk about:
- The CBD launch;
- what we’re seeing from NBEV stock as a result; and
- what we’ll be watching for ahead.
NBEV Announces Global CBD Launch
As mentioned above, New Age Beverages is having a strong start to the trading session this morning after the company announced the global launch of CB products. The announcement came via press release early this morning.
In the release, the company announced the launch of a CBD product portfolio and unveiled their line of products. This line includes CBD creams, lotions, and oils. The company said that these products will be sold under the company’s Health Sciences Division.
NBEV said that the products will launch in the United States today, April 25, 2019. The company also plan on bringing its CBD products to 60 markets around the world throughout the rest of the year.
The company also said that it will be sending the CBD products through all of its channels. These channels include direct-to-consumer, direct-store-door, traditional retail, e-commerce, and medical.
In a statement, Jerry Haase, M.D., Chief Medical and Scientific Officer at the NBEV Health Sciences Division, had the following to offer:
The Health Sciences Division has worked exhaustively bringing all of our science, patented formulas, insights and more than 10 years of study to deliver superior clinical products to consumers. Our launch of CBD leverages all of that differentiated expertise, and specific study of cannabinoids over the past number of years for the benefit of these new products.
What We’re Seeing From The Stock
As investors, one of the first things that we learn is that it’s important to follow the news. After all, the news moves the market and in the case of New Age Beverages, it proved to be positive.
With the global launch of CBD products, we can expect to see a meaningful increase in revenue. Moreover, hitting the market this early in the game will make the company a key contender as the global CBD space emerges.
So, it’s not surprising to see that excited investors are pushing the stock on a run for the top. As is just about always the case, our partners at Trade Ideas were the first to alert us to the gains. Currently (9:59), NBEV is trading at $5.86 per share after a gain of $0.35 per share or 6.35% thus far today.
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What We’ll Be Watching For Ahead
Moving forward, the CNA Finance team will continue to keep a close eye on NBEV. In particular, we’re interested in following the CBD launch as the global market emerges. Nonetheless, we’ll keep an eye on the story and bring the news to you as it breaks!
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