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Apr 08, 2019
New Age Beverages (NBEV, $5.71) stock climbs +12%, on Walmart (WMT, $99.03) deal expansion

New Age Beverages (NBEV, $5.71) stock climbs +12%, on Walmart (WMT, $99.03) deal expansion

New Age Beverages is expanding its distribution deal with retail giant Walmart on its line of CBD-infused Bob Marley-themed drinks.

New Age’s agreement with Walmart is the beverage maker’s first national distribution deal. It is also in talks with Walmart for drinks in addition Marley Mate brand. Soon after Marley Mate brand of beverages burst onto the scene, it experienced a 70% surge in demand around 2018. 

New Age seems to be yet another beverage player looking to leverage the growing consumer preference for healthier beverages.

"We know Walmart is equally as committed as New Age to providing healthier products for their customers, and we expect to make the full portfolio of New Age's better-for-you products available as we expand the relationship," New Age vice president of key accounts, Craig Thibodeau said. 

Shares of the beverage maker jumped +12% on the announcement.

 

Related Ticker: NBEV

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Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.


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