NBEV stock surged higher in morning trade on January 13, 2020, after the company announced the new COO David Vanderveen, and that Kendall Jenner’s diet includes NewAge Beverages.
NewAge Beverages Corporation (Nasdaq: NBEV), the Colorado-based healthy products company, today announced that David Vanderveen has joined NewAge as the newly appointed chief operating officer effective immediately.
David Vanderveen has been an accomplished industry leader in the Direct Selling industry for over 20 years. He was the founder and chief executive officer of XS Energy, a portfolio of energy drinks and sports nutrition products, which he sold to Amway in 2015 and became Amway’s fastest growing brand and category in their portfolio worldwide with annual sales of almost $500 million. Since the sale of XS Energy, he has been operating as a senior executive within Amway leading the expansion of the brand to more than 60 countries. Mr. Vanderveen commented, “partnering with a world class company like Amway and their business owners has been a highlight and an incredibly enriching and rewarding experience. We were fortunate to have had such success supporting the growth and development of millions of entrepreneurs around the globe with one of the most innovative functional beverage and sports nutrition brands. Our work together transforming direct selling has been foundational to my view of what’s possible in the new world of brand building.”
Most recently Mr. Vanderveen joined the board of RX3 Ventures and is an investor together with Byron Roth and Nathan Raabe from Roth Capital, and Aaron Rodgers, the quarterback of the Green Bay Packers. RX3 Ventures is a consumer-focused investment fund based in Orange County, California that partners with consumer brands to maximize growth by leveraging its unique network of partners and influencers. RX3 Ventures’ current portfolio companies include Hims, CorePower Yoga, Hydrow, Mack Weldon, Tocaya Organica, Kitu, Privé Revaux and others. Mr. Vanderveen intends to maintain his investment interest in the fund and NewAge may act as a distribution extension arm of RX3 on selected brands in the future.
Mr. Vanderveen is a leading social media presence and influencer in the direct selling industry, known and respected worldwide. He is an accomplished author and speaker with numerous published articles, books, films, and podcasts to his credit. Mr. Vanderveen continued, “NewAge is the next logical step for me, to build on my success with XS Energy, Amway, and my work with RX3 Ventures. I have a shared vision with Brent Willis and his team on how digital and social commerce platforms will transform brand building, and I intend to support the building of NewAge into one of the preeminent omni-channel businesses worldwide.”
Brent Willis commented, “We are incredibly excited to have Dave join NewAge. His reputation speaks for itself. His track record of successfully driving transformative organic growth is unparalleled, along with his knowledge of how to convert traditional direct selling into experiential marketing machines. We have spent the past three years creating the platform at NewAge, such that someone like Dave, partnering with Julie Garlikov, our new CMO and the rest of our team, can now really leverage it to deliver superior growth and return for shareholders.”
NewAge Beverages Co tweeted: “Kendall Jenner’s diet includes this NewAge Beverages brand She told E! News that she drinks this to start her day every morning…”
Kendall Jenner's diet includes this NewAge Beverages brand ✨She told E! News that she drinks this to start her day every morning… https://t.co/wozRTDNk5h #LiveHealthy #DrinkTea pic.twitter.com/RzHyIYuRI2— NewAge Beverages Co (@NewAgeBevCo) January 13, 2020
On December 20, 2019, NEWAGE (NASDAQ: NBEV) announced the launch of its hemp portfolio in Australia and New Zealand.
Under the umbrella of its Health Sciences Division, NewAge received approval and has begun selling its premium portfolio of hemp oils, creams and lotions in Australia and New Zealand. The launch initially features three distinct products:
‘NHANCED Hemp Body Cream in a 120 mL tub
‘NHANCED Hemp Roll-On Gel 90 mL roll-on
‘NHANCED Hemp Oil containing 30 mL tincture
The products will be sold immediately through more than 2,000 direct-to-consumer distribution partners across Australia and New Zealand.
“’NHANCED Hemp is proving to be one of our most talked about product lines we have launched,” said Brent Willis, Chief Executive Officer of NewAge. “Receiving approval and beginning to sell our products in these markets further puts us on the right path to become a leading player in the hemp/CBD industry in Australia and New Zealand.”
NewAge’s research and development teams and scientists worked exhaustively over the past year to develop the hemp specific formulas that both meet the regulatory requirements of markets like Australia and New Zealand but also maintained the efficacy, strength, and benefit of NewAge’s full strength CBD formulas.
“’NHANCED Hemp products were designed and developed to meet stringent government hemp (cannabis sativa) and cannabidiol (CBD) regulations for safety, purity and efficacy,” said Laura Kimball, director of product development. “The hemp in these three products is sourced from industrial hemp grown in the USA and the mature seed is then carefully processed to ensure that it is pure and completely free from tetrahydrocannabinol (THC).”
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