reports
NewAge, Inc. Announces Sale of Legacy Direct Store Distribution Divisi...
NewAge, Inc. Announces Sale of Legacy Direct Store Distribution Division SALT LAKE CITY, Sept. 09, 2022 (GLOBE NEWSWIRE) -- . (OTC: NBEVQ) (the “Company”), the Utah-based direct-to-consumer (D2C) organic and healthy products company, today announced that its wholly-owned subsidiaries, NABC, Inc. and NABC Properties, LLC (together, “NABC”), have entered into a definitive agreement to sell the legacy direct store distribution (“DSD”) division to Legacy Distribution Group, a Colorado-based distribution company. The transaction is expected to be completed in the fourth quarter of 2022, and c...
NewAge, Inc. Announces That Its Common Stock Has Ceased Trading on Nas...
NewAge, Inc. Announces That Its Common Stock Has Ceased Trading on Nasdaq SALT LAKE CITY, Sept. 08, 2022 (GLOBE NEWSWIRE) -- . (the “Company”) today announced that its common stock has been suspended from trading on The Nasdaq Stock Market due to its voluntary filing for relief under Chapter 11 of the United States Bankruptcy Code on August 30, 2022 and the Company’s inability to remain compliant with the listing requirements of The Nasdaq Stock Market. As previously disclosed, the Company does not intend to appeal the suspension and anticipated delisting of its stock from The Nasdaq Stoc...
NewAge, Inc. Receives Court Approval of First Day Motions
NewAge, Inc. Receives Court Approval of First Day Motions Company Expected to Continue “Normal Course” Operations SALT LAKE CITY, Sept. 02, 2022 (GLOBE NEWSWIRE) -- . (Nasdaq: NBEV) (the “Company”) today announced that the U.S. Bankruptcy Court for the District of Delaware has granted the Company interim approval for first day motions related to its Chapter 11 restructuring. The approved motions will support the Company’s ongoing operations during its financial restructuring process. The Court granted the Company access to a debtor-in-possession (“DIP”) financing facility of $16 mill...
NewAge, Inc. Files Voluntary Petition for Relief Under Chapter 11
NewAge, Inc. Files Voluntary Petition for Relief Under Chapter 11 SALT LAKE CITY, Aug. 30, 2022 (GLOBE NEWSWIRE) -- . (Nasdaq: NBEV) (the “Company”), the Utah-based direct-to-consumer (D2C) organic and healthy products company, today announced that on August 30, 2022 the Company and certain of its subsidiaries, Ariix LLC, Morinda Holdings, Inc., and Morinda, Inc. (collectively, the “Debtors”), each filed a voluntary petition for relief under chapter 11 (“Chapter 11”) of the United States Bankruptcy Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the District of Dela...
NewAge, Inc. Receives Nasdaq Notice on Late Filing of its Form 10-Q
NewAge, Inc. Receives Nasdaq Notice on Late Filing of its Form 10-Q SALT LAKE CITY, Aug. 18, 2022 (GLOBE NEWSWIRE) -- (Nasdaq: NBEV) (the “Company” or “NewAge”), announced that on August 12, 2022 it received an additional delinquency notice from the Nasdaq Stock Market, dated August 11, 2022 (the “August Notice”), notifying the Company that it is not in compliance with Nasdaq Listing Rule 5250(c)(1) (the “Rule”) due to the Company’s failure to file its Quarterly Report on Form 10-Q for the quarter ended June 30, 2022 (the “June 30 Form 10-Q”) with the Securities and Exchange Commission (...
NewAge, Inc. Announces Review of Strategic Alternatives
NewAge, Inc. Announces Review of Strategic Alternatives SALT LAKE CITY, June 08, 2022 (GLOBE NEWSWIRE) -- . (Nasdaq: NBEV) (the “Company”), the Utah-based direct-to-consumer (D2C) organic and healthy products company, today announced that its Board of Directors has initiated a process to evaluate potential strategic alternatives to maximize shareholder value. As part of the process, the Board will consider a full range of strategic alternatives including available financing alternatives, a potential financial restructuring or a reorganization, merger, sale or other strategic transaction. ...
Cologne List® Adds NewAge, Inc.'s Nutrifii™ Renew to Certification Lis...
Cologne List® Adds NewAge, Inc.'s Nutrifii™ Renew to Certification List Renew joins 33 other NewAge products certified by the world’s leading independent scientific laboratory in the field of analytical testing for banned substances in nutritional supplements SALT LAKE CITY, May 18, 2022 (GLOBE NEWSWIRE) -- NewAge, Inc. (Nasdaq: NBEV), a direct selling company with a primary focus on healthy products, today announced that Nutrifii™ Renew has joined 33 other NewAge products in being certified by the globally renowned Cologne List® (Kölner Liste), an independent scientific laboratory that...
NewAge, Inc. Receives Nasdaq Notice on Late Filing of its Form 10-Q
NewAge, Inc. Receives Nasdaq Notice on Late Filing of its Form 10-Q SALT LAKE CITY, May 17, 2022 (GLOBE NEWSWIRE) -- (Nasdaq: NBEV) (the “Company” or “NewAge”), announced that it received an additional delinquency notice from the Nasdaq Stock Market on May 12, 2022 notifying the Company that it is not in compliance with Nasdaq Listing Rule 5250(c)(1) (the “Rule”) due to the Company’s failure to file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2022 (the “Form 10-Q”) with the Securities and Exchange Commission (the “SEC”). The Rule requires listed companies to timely ...
NewAge, Inc. Receives Notification from Nasdaq Related to Delayed Annu...
NewAge, Inc. Receives Notification from Nasdaq Related to Delayed Annual Report on Form 10-K SALT LAKE CITY, April 04, 2022 (GLOBE NEWSWIRE) -- As previously announced, on March 16, 2022, (Nasdaq: NBEV) (the “Company” or “NewAge”), filed a Notification of Late Filing on Form 12b-25 indicating that the filing of its Annual Report on Form 10-K for the fiscal year ended December 31, 2021 (the “Annual Report”) would be delayed. In addition, on March 31, 2022, the Company filed a Form 8-K indicating that the Company would be unable to file its Annual Report within the 15-day extension. As exp...
NewAge, Inc. Delays Filing of Annual Report on Form 10-K
NewAge, Inc. Delays Filing of Annual Report on Form 10-K SALT LAKE CITY, March 31, 2022 (GLOBE NEWSWIRE) -- (Nasdaq: NBEV) (the “Company” or “NewAge”) today announced that although the Company filed a Notification of Late Filing on Form 12b-25 with the Securities and Exchange Commission (“SEC”) indicating that the filing of its Annual Report on Form 10-K for the fiscal year ended December 31, 2021 (the “Form 10-K”) would be delayed and filed within 15 calendar days from the original due date (the “Extension Period”), the Company has determined that additional time will be needed to compl...
NewAge, Inc. Delays Fourth Quarter and Full Year 2021 Financial Result...
NewAge, Inc. Delays Fourth Quarter and Full Year 2021 Financial Results Conference Call SALT LAKE CITY, March 15, 2022 (GLOBE NEWSWIRE) -- (Nasdaq: NBEV), a direct selling company with a primary focus on healthy products, today announced its fourth quarter and full year 2021 earnings release and conference call will be rescheduled to allow additional time to complete its Annual Report on Form 10-K. The Company will be filing a Form 12b-25, Notification of Late Filing, on March 16, 2022, which will provide the Company with a 15-day extension to file its Form 10-K. The Company expects to r...
NewAge, Inc. Announces New Credit Facility
NewAge, Inc. Announces New Credit Facility SALT LAKE CITY, March 14, 2022 (GLOBE NEWSWIRE) -- (Nasdaq: NBEV), a direct selling company with a primary focus on healthy products, today announced it has entered into a new $12.0 million revolving line of credit agreement (“LOC”) with East West Bank which matures in March 2024. NewAge used this facility to repay in full its existing outstanding loan balance of $10.6 million under its 8.0% senior secured note with JGB Management. The remaining availability on the new facility will be used for general working capital purposes. The new LOC bears...
NewAge, Inc. Names Ed Brennan Interim Chief Executive Officer
NewAge, Inc. Names Ed Brennan Interim Chief Executive Officer SALT LAKE CITY, March 09, 2022 (GLOBE NEWSWIRE) -- (Nasdaq: NBEV), a direct selling company with a primary focus on healthy products, today announced that Ed Brennan, Chair of NewAge’s Board of Directors, has been appointed interim Chief Executive Officer, effective immediately. Mr. Brennan succeeds Brent Willis following his resignation earlier this year. Mr. Brennan has served as a member of NewAge’s Board since 2017 and as Chair since January 2022. He has also served in a number of executive positions, including Chairman a...
NewAge, Inc. Appoints Michele Crocker to its Board of Directors
NewAge, Inc. Appoints Michele Crocker to its Board of Directors SALT LAKE CITY, March 03, 2022 (GLOBE NEWSWIRE) -- (Nasdaq: NBEV), a direct selling company with a primary focus on healthy products, today announced the appointment of Michele Crocker to its Board of Directors. “I am delighted to welcome Michele to our Board of Directors,” said Ed Brennan, Chairman of NewAge’s Board. “Her strong background in the direct selling industry and her expertise in implementing programs that significantly improve recruitment, retailing and retention, will complement our existing Board and provide ...
NewAge, Inc. to Report Fourth Quarter and Full Year 2021 Financial Res...
NewAge, Inc. to Report Fourth Quarter and Full Year 2021 Financial Results on March 16 SALT LAKE CITY, Feb. 25, 2022 (GLOBE NEWSWIRE) -- (Nasdaq: NBEV), a direct-to-consumer (D2C) healthy products company, today announced that it will release financial results for its fourth quarter and full year ended December 31, 2021, after the market close on Wednesday, March 16, 2022. A conference call and audio webcast with analysts and investors will be held that afternoon at 5:00 p.m. Eastern Time/3:00 p.m. Mountain Time to discuss the results and answer questions. Live conference call: 1-877-4...
NewAge, Inc. Announces Receipt of Nasdaq Notification Regarding Minimu...
NewAge, Inc. Announces Receipt of Nasdaq Notification Regarding Minimum Bid Price Deficiency SALT LAKE CITY, Feb. 25, 2022 (GLOBE NEWSWIRE) -- (Nasdaq: NBEV), a direct-to-consumer (D2C) healthy products company, today announced that it has received a written notification from the Nasdaq Stock Market LLC ("Nasdaq") on February 24, 2022, indicating that NewAge, Inc. (the “Company”) is not in compliance with the $1.00 closing bid price requirement under the Nasdaq Listing Rule 5550(a)(2). Listing Rule 5810(c)(3)(A) provides that a failure to meet the minimum bid price requirement exists if...
NewAge, Inc. to Participate in the 2022 ICR Conference
NewAge, Inc. to Participate in the 2022 ICR Conference DENVER, Jan. 10, 2022 (GLOBE NEWSWIRE) -- (Nasdaq: NBEV), the Colorado-based direct-to-consumer (D2C) organic and healthy products company, today announced that its Chief Financial Officer Kevin Manion will participate in the 2022 ICR Conference. The Company’s virtual presentation is scheduled for 11:30 a.m. ET on Tuesday, January 11, 2022. The presentation can be accessed and on the Conference Calls page of the Company’s Investor Relations website, . About NewAge, Inc.NewAge is a purpose-driven firm dedicated to inspiring the pla...
NewAge, Inc. Issues Preliminary Financial Results for Fourth Quarter 2...
NewAge, Inc. Issues Preliminary Financial Results for Fourth Quarter 2021 Expects preliminary, unaudited net revenue in the range of $99 million to $101 million DENVER, Jan. 10, 2022 (GLOBE NEWSWIRE) -- (Nasdaq: NBEV) (“NewAge” or “the Company”), the Colorado-based direct-to-consumer (D2C) organic and healthy products company, today announced that the Company anticipates preliminary, unaudited net revenue in the range of $99 million to $101 million for the fourth quarter ended December 31, 2021. The preliminary net revenue range is relatively unchanged from revenue of $100 million rep...
NewAge, Inc. Files 8-K Regarding Agreed Resignation of CEO
NewAge, Inc. Files 8-K Regarding Agreed Resignation of CEO DENVER, Jan. 10, 2022 (GLOBE NEWSWIRE) -- On January 10, 2022, NewAge, Inc. (Nasdaq: NBEV), the Colorado-based direct-to-consumer (D2C) organic and healthy products company, filed a Form 8-K with the U.S. Securities and Exchange Commission (SEC) announcing that the NewAge, Inc. Board of Directors and the Chief Executive Officer, Brent Willis, have agreed that Mr. Willis will resign as Chief Executive Officer, Director, and employee, effective immediately. The Form 8-K can be accessed on the investor section of NewAge’s website at...
NewAge Honored as Winner in the 2021 Viddy Awards for Social-Inspired...
NewAge Honored as Winner in the 2021 Viddy Awards for Social-Inspired Training Series Gold winner for ‘NewAge Tips’ Onboarding Video SeriesTwo honorable mentions for ‘John Wadsworth: Superfood Revolution’ Mini Docuseries DENVER, Dec. 20, 2021 (GLOBE NEWSWIRE) -- (NASDAQ: NBEV), the Colorado-based D2C (direct-to-consumer) organic and healthy products company, today announced that NewAge, Inc. was selected as a winner in the short-form web/social media video category in the 2021 . Viddy Awards is an international competition honoring video excellence in the digital world. Award categori...
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