Entering A New Age Of Beverages
New Age enters 2019 with a new business and a large cash balance. The company forecast $30 million in CBD-infused beverage orders. The stock below $5 offers a tantalizing value with all of the potential catalysts. The management team must shake off negative sentiment by beating Q1 revenue forecasts that appear conservative. New Age Beverages ( NBEV ) hit lows below $5 as the market has clearly lost confidence in the company entering the CBD space before the general market. The company is entering a new age with the closing of the Morinda deal and a level of liquidity that would've help prevent the 2018 inventory issues. Despite a lot of known concerns, New Age is a play on a market shift to wellness and CBD-infused drinks that doesn't necessarily need success in order for the stock to rally. Read the full article on Seeking Alpha. Vote on CBD sales Disclosure: No position. Please review the disclaimer page for more details.