logo-loader
viewNew Age Beverages Corp.

New Age Beverages to launch line of CBD products in Hong Kong

The company is launching its 'NHANCED CBD line of oils, creams, and lotions on June 18

'NHANCED logo
New Age Beverages operates brands including Tahitian Noni, TeMana, Búcha Live Kombucha, XingTea, Coco-Libre and Marley, among others

New Age Beverages Corporation (NASDAQ:NBEV) shares climbed after the company announced early Tuesday that it was bringing its slate of cannabidiol products to Hong Kong.

The Colorado and Utah-based company is launching its 'NHANCED CBD line of oils, creams, and lotions on June 18. Hong Kong represents the company’s first international forray, and an additional 58 countries are expected to follow in later in 2019.

Shares climbed 2.7% to $4.72.

READ: New Age Beverage inks deal with Walmart to sell Marley brand drinks in stores; shares jump

The products will be sold through direct-to-consumer consultants and via www.NHANCEDCBD.com. The company’s body cream contains 150 milligrams of CBD, the roll-on gel contains 200mg and the CBD oil has 500mg.

"The Health Sciences Division at New Age is so proud to bring all these superior clinical products to consumers.” Chief Medical and Scientific Officer Jerry Haase said. “We have years of study in cannabinoids, and one of the most extensive arrays of intellectual property in the beverage industry at New Age. Our launch of CBD leverages that depth of expertise to provide a highly efficacious CBD portfolio to consumers."

New Age Beverages operates brands including Tahitian Noni, TeMana, Búcha Live Kombucha, XingTea, Coco-Libre and Marley, among others.

Contact Andrew Kessel at [email protected]

Follow him on Twitter @andrew_kessel

Quick facts: New Age Beverages Corp.

Price: 2.29 USD

NASDAQ:NBEV
Market: NASDAQ
Market Cap: $179.52 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Full interview: Eckoh PLC doubles its US revenues with 'more to come', says...

Eckoh PLC's (LON:ECK) Nik Philpot talks Proactive through their results for the six months to September 2019. The group enjoyed significant commercial traction in the US, where revenues doubled and, since period end, they've landed a deal with an unnamed Fortune 100 retailer. For the group...

8 hours, 33 minutes ago

2 min read