In Q1 2017 New Age delivered $11.4 million in gross revenue, up $1,842% versus prior year actuals and up 7.2% organically on a pro-forma basis, not including the results of the Marley or Coco-Libre acquisitions
Following last month’s acquisition of coconut water maker Coco Libre, the question is not whether New Age can run, but whether it can keep up the relentless pace in 2017 and beyond.
The acquisition of Maverick Brands and its flagship brand Coco Libre for a combination of cash and shares of common stock in New Age “fills an important gap to complete the Company’s functional beverage portfolio,” according to a press release.
New Age Beverages’ initial public offering, estimated to be worth approximately $15 million, was four times oversubscribed due to an abundance of investor interest in the Denver-based distributor, CEO Brent Willis told BevNET on Friday.
New Age Beverages reports growth in Q3 after finalizing merger with Bucha, Inc.
New Age CEO Brent Willis explained that the combination of his company’s sales and marketing resources along with consumers’ strong identification with Bob Marley as a public figure made the partnership an ideal opportunity for New Age to make its long-planned entrance into the RTD coffee segment.
Along with new line extensions, MBC has executed a major rebranding initiative that includes redesigned packaging for Mellow Mood and One Drop.
Marley Beverage CEO Harry Bigelow said that the company “wanted to dial it back a bit” in terms of its original reggae-themed labels and marketing initiatives, while maintaining the brand equity of Bob Marley.
The Marley Beverage Company announced today it is the Presenting Sponsor for Big Music Fest 2014 at McLennan Park on July 11-13, 2014, in Kitchener, Ontario Canada.
The Marley Beverage Company (MBC) announced Monday that it has appointed Harry Bigelow as president and chief executive officer, according to a company release.
