NEWAGE LAUNCHES ‘NHANCED HEMP TOPICALS IN AUSTRALIA AND NEW ZEALAND
December 20 2019 - 07:02AM
NEWAGE (NASDAQ: NBEV), the Colorado-based healthy
products company, announced the launch of its hemp portfolio in
Australia and New Zealand.
KEY HIGHLIGHTS:
- NewAge launches its 'NHANCED Hemp
Topical Products in Australia and New Zealand
- Plans to launch in Korea, Taiwan
and 32 markets in Europe as part of its drive to lead in CBD and
hemp industry worldwide
Under the umbrella of its Health Sciences
Division, NewAge received approval and has begun selling its
premium portfolio of hemp oils, creams and lotions in Australia and
New Zealand. The launch initially features three distinct
products:
- ‘NHANCED Hemp Body Cream
in a 120 mL tub
- ‘NHANCED Hemp Roll-On Gel 90 mL
roll-on
- ‘NHANCED Hemp Oil containing 30 mL
tincture
The products will be sold immediately through
more than 2,000 direct-to-consumer distribution partners across
Australia and New Zealand.
“’NHANCED Hemp is proving to be one of our most
talked about product lines we have launched,” said Brent Willis,
Chief Executive Officer of NewAge. “Receiving approval and
beginning to sell our products in these markets further puts us on
the right path to become a leading player in the hemp/CBD industry
in Australia and New Zealand.”
NewAge’s research and development teams and
scientists worked exhaustively over the past year to develop the
hemp specific formulas that both meet the regulatory requirements
of markets like Australia and New Zealand but also maintained the
efficacy, strength, and benefit of NewAge’s full strength CBD
formulas.
“’NHANCED Hemp products were designed and
developed to meet stringent government hemp (cannabis sativa) and
cannabidiol (CBD) regulations for safety, purity and efficacy,”
said Laura Kimball, director of product development. “The hemp in
these three products is sourced from industrial hemp grown in the
USA and the mature seed is then carefully processed to ensure that
it is pure and completely free from tetrahydrocannabinol
(THC).”
About NewAge Beverages Corporation
(NASDAQ: NBEV)
NewAge 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. NewAge 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. NewAge competes in the growth
segments of the >$1 trillion-dollar non-alcoholic beverage
industry and has become one of the largest non-alcoholic healthy
beverage companies in the world.
The company operates the websites
www.newage.com, www.newage.us, www.morinda.com, www.bwrgroup.com,
www.mybucha.com, www.xingtea.com, www.drinkmarley.com,
www.nhancedcbd.com, and www.cocolibre.com.
NewAge 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 Disclosure
This 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 include, but are not limited
to, any statement reflecting management's current expectations
regarding future results of operations, economic performance,
financial condition and achievements of the company, including
statements regarding NewAge's expectation to see continued growth.
These statements are based on the beliefs and assumptions of
NewAge’s management based on information currently available.
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. NewAge competes in a rapidly
growing and transforming industry. Important factors that could
cause actual results to differ materially from the forward-looking
statements include, among others, the risks described in the
section entitled “Risk Factors” under Item 1A in NewAge’s Annual
Report on Form 10-K for the year ended December 31, 2018, and in
subsequent periodic and current filings with the Securities and
Exchange Commission that NewAge may publish. Unless required by
applicable law, NewAge undertakes no obligation to update or revise
any forward-looking statements.
For investor inquiries about NewAge
Beverages Corporation please contact:
Media:Desiree Rosa,
MULTIPLYTel: 1-646-499-3306NewAgeBev@wearemultip.ly
Investor Relations Counsel:Cody
Slach, Gateway Investor RelationsTel:
1-949-574-3860NBEV@GatewayIR.com
NewAge Beverages
Corporation:Gregory A. GouldChief Financial OfficerTel:
1-303-566-3030Greg_Gould@NewAge.com
- NHANCED Hemp Topical Products
- World's 5th largest water charity
NewAge (NASDAQ:NBEV)
Historical Stock Chart
From Feb 2024 to Mar 2024
NewAge (NASDAQ:NBEV)
Historical Stock Chart
From Mar 2023 to Mar 2024