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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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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Brazil

NewAge, Inc. announced that it has expanded operations to Brazil, one of the six largest direct selling markets in the world. NewAge and ARIIX announced their plans to merge on July 20, 2020, which will create a combined company with pro forma revenues of more than $500 million with operations worldwide and access to both developed…

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NewAge, Inc. announced that it has amended the merger agreement for the acquisition of ARIIX. The Colorado-based omni-channel social selling and distribution company stated that it expects to close the transaction no later than November 30, 2020. Details of the amended and restated agreement and plan of merger are included in the Company’s Current Report on…

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EXCITING THINGS have been happening with NewAge Beverages and ARIIX. In July, a partnership formed between the two companies, and a new name was adopted. With Dr. Fred Cooper and Brent Willis as the CEOs, NewAge, Inc. is now a global firm with an estimated pro forma revenue in excess of $500 million. Together they…

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A July agreement between ARIIX and NewAge, Inc., a publicly traded NASDAQ listed company, has the potential to create the only omni-channel company in direct selling with access to e-commerce and direct-to-consumer channels in more than 75 countries. “We are very excited that these companies are coming together to create a powerful global enterprise with…

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