Within the last few months, New Age Beverages Corporation (NBEV) has had quite a run (when looking at their investment and acquisition portfolio). The Denver based company last year was noted for acquiring Marley Beverage Company, LLC for virtually all of it’s products.
New Age Beverage Corporations prides itself on providing products that lack preservatives, GMOs, and high fructose. Moreover, the infusion of CBD in their drinks has helped investors rally their stock from $2 (LYTD) versus $8 (currently).
Now that the NBEV stock is on high alert, many analyst believe a major sell-off will come into play soon. Only time will tell, however, because NBEV is set to roll out it’s newest CBD infused products October 8th at a convention in Las Vegas.
What do you think? Will you be investing in NBEV or similar marijuana stocks within these next few years? Let us know what you think below.