NEW AGE GAINS APPROVAL FROM JAPANESE GOVERNMENT TO LAUNCH CBD
September 24 2019 - 6:30AM
New Age Beverages Corporation (NASDAQ: NBEV), the
Colorado-based organic and natural products company, announced the
approval by the Japanese Narcotics Control Division and the
Japanese Ministry of Health for New Age’s CBD products in Japan and
the company’s subsequent launch into the market effective
immediately.
New Age is the first major company to gain
approval by the Japanese Ministry of Health and Narcotics Control
Division to sell its portfolio of CBD products in the
country. New Age created a separate, wholly-owned subsidiary
in 2018 under which it commercializes all of its CBD-infused
products, including its line of Marley CBD-Infused Beverages and
its portfolio of ‘Nhanced creams, oils, and roll-ons, and the
forthcoming Noni+CBD product. The products will be sold immediately
through over 50,000 direct-to-consumer product consultants in Japan
beginning with:
- ‘NHANCED CBD Body Cream containing 150 mg CBD per 120 mL
container
- ‘NHANCED CBD Roll-On Gel containing 200 mg CBD per 90 mL
container
- ‘NHANCED CBD Oil containing 500 mg CBD per 30 mL container
Fumiyuki Isami, Senior Director in Japan for New
Age, commented: “New Age is proud to introduce our lineup of CBD
products to Japanese consumers and to be first with CBD in Japan.
We believe we have one of the highest quality CBD portfolios
worldwide and have leveraged all of our scientific insights and
research and development expertise to develop these superior
performing and highly efficacious products. We have been working
intensively with the Japanese Narcotics Control Division and the
Ministry of Health for the past eight months to meet all of their
stringent testing and requirements. This week, we finally cleared
those hurdles, the first major company in the country to do
so.”
“‘NHANCED CBD products for the Japanese market
were designed and developed to meet stringent government hemp
(cannabis sativa) and cannabidiol (CBD) regulations for safety,
purity and efficacy,” said Jarakae Jensen, managing director of
R&D for New Age. “The cannabidiol in these three products is
sourced from industrial hemp grown in the USA. This hemp is
processed extremely carefully to remove all leaves, flowers, buds
and branches from the stem, which is then further processed to
ensure the cannabidiol is pure and 100% free from
tetrahydrocannabinol (THC).”
In addition to this initial launch, New Age has
also completed development of its proprietary CBD-infused beverages
and dietary supplements for Japan. The company has processed
the same raw materials approved by the Japanese Government for use
in those products, which New Age anticipates launching in Japan
this year and rolling out globally as the regulatory landscape
allows in different countries.
About New Age Beverages Corporation
(NASDAQ: NBEV) New
Age is a Colorado-based healthy products company dedicated to
inspiring and educating consumers to "live healthy." The Company is
the only omni-channel company with access to traditional retail,
e-commerce, direct-to-consumer, and medical channels across 60
countries around the world. New Age is also the only one-stop-shop
of healthy beverages and includes the brands Nestea, Illy Coffee,
Volvic, Evian, Tahitian Noni, TeMana, Búcha Live Kombucha, Marley,
and others. New Age competes in the growth segments of the >$1
trillion-dollar non-alcoholic beverage industry and has become one
of the 40 largest non-alcoholic beverage companies, one of the
largest healthy beverage companies, and the fastest growing in the
world over the past three years.
The Company operates the websites www.newagebev.com,
www.bwrgroup.com. www.morinda.com, www.mybucha.com,
www.xingtea.com, www.drinkmarley.com, www.nhancedcbd.com, and
www.cocolibre.com.
New Age has exclusively partnered with the world's 5th largest
water charity, WATERisLIFE, to end the world water crisis with the
most innovative technologies available. Donate at WATERisLIFE.com
to help us #EnditToday.
Safe Harbor DisclosureThis
press release contains forward-looking statements that are made
pursuant to the safe harbor provisions within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended.
Forward-looking statements are any statement reflecting
management's current expectations regarding future results of
operations, economic performance, financial condition and
achievements of the Company including statements regarding New Age
Beverage's expectation to see continued growth. The forward-looking
statements are based on the assumption that operating performance
and results will continue in line with historical results.
Management believes these assumptions to be reasonable but there is
no assurance that they will prove to be accurate. Forward-looking
statements, specifically those concerning future performance are
subject to certain risks and uncertainties, and actual results may
differ materially. New Age Beverages competes in a rapidly growing
and transforming industry, and other factors disclosed in the
Company's filings with the Securities and Exchange Commission might
affect the Company's operations. Unless required by applicable law,
NBEV undertakes no obligation to update or revise any
forward-looking statements.
For investor inquiries about New Age
Beverages Corporation please contact:
Media:Desiree Rosa MULTIPLY
Tel: 202-292-4566NewAgeBev@wearemultip.ly
Investor Relations Counsel:Cody
Slach, GatewayTel 949-574-3860NBEV@GatewayIR.com
New Age Beverages
Corporation:Gregory A. GouldChief Financial OfficerTel
303-566-3030GGould@NewAgeBev.com
- New Age Beverages Corporation
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