Our new beverage superstar is already flying!
Our Blog from Friday 13th May (henceforth known as ‘Lucky Friday 13th’‘) covered what we thought might be another drinks superstar. Never in our wildest dreams did we believe that only 2 weeks later the story would already have started to accelerate, with shares up over 200% on some terrific news that has swiftly moved this small drinks business up several levels. Our latest Blog comments on the exciting development..
Búcha, Inc., the previously named American Brewing Company (OTC: ABRW), and soon to be renamed New Age Beverages Corporation, owner of the Búcha® Live Kombucha brand has announced the merger with New Age Beverages Group, a Colorado-based, leading all-natural tea and other healthy beverage company. The merger, which creates an industry leading healthy functional beverage business, looks a fantastic move. - Financial terms The transaction includes a combination of cash and equity totalling US$19,995,000 for 100% of the assets and interests of New Age Beverages, including their brands XingTea®, XingEnergy®, and Aspen Pure®. The consideration includes an initial US$8.5m cash…