Newage Inc (NASDAQ:NBEV) is trading with mild gains in the pre-market session after the news on Thursday.
NewAge Closes Acquisition of Japan-Based Aliven, Inc.
- today announced that it acquired the business of Japan-based Aliven, Inc., which is expected to add over $20 million in net revenue and more than $3 million in annual EBITDA to one of NewAge’s largest core global markets.
- Established 15 years ago, Aliven, Inc. is one of the Japan’s most well-respected companies in the industry and sells a portfolio of differentiated healthy products including Skin Care Products infused with cultured stem cells, Nutritional Products, and their patented Invel® Far-Infrared Technology Products that were demonstrated in human trials to stimulate nitric oxide production for increased blood flow and muscle recovery and reduction of localized pain.
- Aliven is anticipated to bring over $20 million in annualized net revenue and more than $3 million in annual EBITDA to NewAge. In addition to the expected top and bottom-line contributions, Aliven has more than 100,000 customers and independent representatives to add to the group of talented and dedicated leaders at NewAge.
Market Action
As of 8:26, NBEV stock jumped $0.05 or 2% to $2.54. So far the stock has traded 17K shares traded hands.
Moving Averages
| +/- EMA(20) | 2.27 (+9.69%) |
| +/- SMA(50) | 2.38 (+4.62%) |
| +/- SMA(200) | 2.60 (-4.23%) |
Performances
| 5-DAY PERF. | +5.51% |
| 1-MONTH PERF. | +13.70% |
| 3-MONTH PERF. | -14.43% |
| 6-MONTH PERF. | -24.77% |
| YTD PERF. | -5.32% |
| 1-YEAR PERF. | +62.75% |
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