- NewAge, Inc. has been hot since the last week of September.
- After recently pulling back after a multi-day run-up, it had again taken off from the presumed positive political environment now favoring cannabis.
- Its latest earnings report put a damper on its momentum, although after it closes the ARIIX deal, it should be a positive catalyst over the long term.
- Organic growth in the last reporting period would have been much higher without the impact of the pandemic, pointing to future growth potential.
- The acquisition of ARIIX, combined with organic growth, should result in a long-term upward growth trajectory.
For further details see:
NewAge Was Hot Before Recent Cannabis Resurgence - Will Remain Hot