Fevertree’s success rubs off on our expanding drinks group-loads more to go for?
Our Blog from May 2016 asked whether a little-known soft drinks group we had discovered could be the next beverage superstar to follow in the footsteps of AIM’s Fevertree Drinks. Since then the share price of this small business has soared nearly 500% (vs 78% for Fevertree) in a matter of months. News of another interesting brand addition to their sales portfolio and some promising results suggests there could be plenty more to go for here. Our Blog reflects on the latest news.
The renamed New Age Beverage Corporation (OTC:NBEV), which was called American Brewing Company (ABRW) when we first covered them in May 2016, now encompasses XingTea®, XingEnergy®, Aspen Pure® and Búcha® Live Kombucha brands. Most recently the Marley Beverage Company also joined their portfolio. - Marley brand joins the fold The Marley Beverage Company injected its brand into NBEV’s distribution platform after the quarter end. This doubled the sales footprint for both companies with revenues for the combined group of US$70m. The Marley Beverage Company encompasses Marley One Drop® RTD Coffee, and Marley Mellow Mood™ Relaxation Drinks – sounds spot-on that…