Beverage Company Says New CBD Products Will Bring In $100 Million In Revenue

New Age now sells canned coffee and yerba mate drinks under the Marley brand

New Age Beverages, which is based in Denver, CO, merged in December with Morinda, a network marketing specialist in noni products. The combined company does business in a number of markets, including China. New Age had billed itself prior to the merger as the fastest growing natural beverage company in the country.

In its recent quarterly earnings statement, the first since the merger fully took hold, New Age reported $60.5 million in gross revenue, a 404% increase from the first quarter of 2018. Company officials noted that in an earnings call with investors that the company did only about $60 million in revenue in all of 2018.

New Age, with the addition of Morinda, now sells canned coffee and yerba mate drinks under the Marley brand name, Xing branded iced tea, a line of kombucha products, coconut water and a recovery beverage, as well as the noni line that came with the Morinda merger. All are sold in a mix of direct to consumer and brick and mortar distribution.

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