New Age Beverages Announces Launch of Búcha® Live Kombucha

08:38 02/28/2017

NBEV  The company behind brands such as XingTea®, Aspen Pure® Rocky Mountain Water, Búcha® Live Kombucha, Marley One Drop® Coffee, and Marley Mellow Mood® Relaxation Drinks, has just launched a new drink.

New Age Beverages Corporation announced today that it has launched a shelf stable Bucha Live Kombucha.

According to the company's press release, the brand "no longer requires refrigerated distribution or shelving yet still upholds its industry leading 9 months of shelf life while maintaining greater than 2 Billion live CFU's (probiotics) per serving."

It's been an exciting month for the company as just ten days ago it also successfully completed an up-listing to the NASDAQ Capital Market Exchange.

The company has also gained authorizations that span more than 2,000 new distribution outlets throughout both the United States and Canada. This includes major national and regional Texas-based grocery retailers, major regional East Coast grocery retailers, and a major Canadian convenience store operator. All of these newly made commitments happened in the last 30 days and in the next few months, the company will be rolling out to all of the committed stores.

CEO of the New Age Beverages Brent Willis commented, "We were very pleased to have completed the uplist to the NASDAQ and financial raise with some truly world-class long-term financial partners just weeks ago. However, continuing our momentum of organic growth is what really matters and what will drive returns for all our shareholders in the long-term. Leveraging technological points of difference to gain these wins is extremely gratifying, and we believe we are just at the tip of iceberg with what we have in front of us."

The company recently reported comparable quarterly revenue growth of 11% versus the year prior thanks in part to the Bucha Live Kombucha brand.

New Age Beverage's brands are sold across all 50 states within the US and in more than 10 countries internationally.

This article has been provided by a Chasing Markets contributor. All content submitted by this author represent their personal opinions, and should be considered as such for entertainment purpose only. All opinions expressed are those of the writer, and may not necessarily represent fact, opinions, or bias of Chasing Markets.
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