NewAge announced the launch of its new Lucim Mineral Sunscreen SPF 30. This new toxin-free sun protection cream will protect skin against UVA and UVB rays and will be available in the China/Hong Kong, Japan, Australia, and Europe markets. “Protecting your skin from the sun should be your first line of defense for preventing skin…

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Julie Garlikov

NewAge, Inc. announced its fourth quarter and full-year financial results. The company reported its first positive adjusted EBITDA quarter in nearly two years, reaching $2.9 million. Fourth quarter results included a net revenue of $90.4 million. “2020 was another transformative year for NewAge, whereby we reached nearly half a billion dollars in pro forma revenue…

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Julie Garlikov

NewAge, Inc. announced significant changes to its senior leadership team, including the appointment of Carin Casso Reinhardt to the newly formed role of Chief People Officer. “We are so pleased that Carin Reinhardt has joined the leadership team at NewAge as we organize ourselves to achieve our next phase of growth,” said Brent Willis, Chief…

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NewAge, Inc. announced it has entered into an agreement to acquire Aliven, Inc., adding the Japan-based direct selling company to its portfolio of e-commerce and direct selling brands. “We see this latest partnership as an opportunity to expand our Japan market at an even faster pace,” said Brent Willis, NewAge Chief Executive Officer. “We will begin…

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Julie Garlikov

NewAge, Inc. announced that its preliminary fourth quarter earnings are expected to be in the $90 million range. Gross margins are expected to be between 64%-68%, with an EBITDA that will be at the breakeven mark. Full-year and fourth quarter final financial results will be announced on March 16, 2021. “We are pleased that our…

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Julie Garlikov

NewAge, Inc. announced it has entered into an 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. Gross proceeds from this private placement are expected to be $58 million before fees and offering…

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In an effort to impact positive change, more than 12,000 NewAge employees and representatives participated in the company’s annual Global Day of Service. Through service projects, donations to the NewAge ARIIX Foundation, the ARIIX Opportunity Rewards “Give It” program and the sales of UNITY T-shirts, NewAge supported unique charities within each market. Some of these…

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Dr. Fred W. Cooper, Ph.D., Founder and Chief Executive Officer of ARIIX prior to the company’s recent merger, will join the NewAge, Inc. Board of Directors. Dr. Cooper brings more than 25 years of career experience in e-commerce and direct selling to the NewAge leadership. “We are pleased to welcome Dr. Cooper to the board…

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Colorado-based NewAge, Inc. has completed its official acquisition of ARIIX. The merger agreement, which was announced in July of this year, will combine the revenues of these two entities, plus four more e-commerce and direct selling companies: Zennoa, LIMU, MaVie and Shannen. “We are very pleased to be able to fully converge these great companies…

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Julie Garlikov

NewAge, Inc. (Nasdaq: NBEV) today announced net revenue of $62.7 million for the quarter ended September 30, 2020. The amount includes the reduction in revenue associated with the sale of the BWR retail brands during the quarter, but does not include revenues from its recently announced combination with ARIIX and four other e-commerce/direct selling companies,…

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