New Age Beverages (NBEV) Stock: Why Now Is The Time To Buy!

New Age Beverages NBEV Stock News

New Age Beverages Corp (NASDAQ: NBEV) is having an incredibly strong session in the market today. However, the company hasn’t released any news. Nonetheless, there’s a lot to think about when it comes to the stock, and it may be a very strong play. Today, we’ll talk about:

  • Why now may be the time to jump in on NBEV;
  • What we’re seeing from the stock; and
  • what we’ll be watching for ahead.

Why Now May Be The Time To Jump In On NBEV

As mentioned above, New Age Beverages is having a strong day in the market today, but no news has been released. Nonetheless, I’m glad that it’s moving because the move gives me the chance to talk about the potential opportunity here.

For the most part, we all know that the Farm Bill has been passed and that this will make it legal to distribute CBD-related products throughout the Unite States. This is great news for NBEV. After all, the company was one of the first publicly traded companies to announce that it would be launching a line of CBD-infused beverages.

However, that launch couldn’t take place until it was legal to do so. After all, CBD was looked at as a Schedule 1 controlled substance, and illegal to buy and sell in the United States. Nonetheless, now that it is legal, the company now has the ability to launch its products throughout the United States.

The truth of the matter is that anything related to cannabis is a hot topic at the moment. It is estimated that 70% of Americans have either tried or used cannabis, and that was when everything associated with cannabis was illegal. Now, those looking to experiment with cannabis-related substances will have the ability to do so legally through CBD-related products. For NBEV, this could lead to a flood of business as consumer interest leads to sales.

Moreover, it’s worth mentioning that well before the Farm Bill was passed, New Age Beverages was hard at work, laying the foundation for a strong launch once it became legal to do so. The company took part in road shows, conferences, and more, creating relationships that would lead to a strong distribution network right out of the gate. Considering this, the company is well positioned to take advantage of the changing tides with regard to legalities surrounding CBD.

At the end of the day, NBEV seems to be in the right place at the right time. Perhaps more importantly, it seemed as though management knew that this opportunity would be coming and worked hard to make sure that they were well positioned to strike when it did. All in all, this is a stock that’s becoming hard to ignore.

What We’re Seeing From The StockĀ 

One of the first lessons that we learn when we start to work in the market is that the news leads to moves. In the case of NBEV, while the company hasn’t released any news as of late, the news with regard to the industry in which the company works has been overwhelmingly positive. So, it’s not surprising to see that excited investors are pushing the stock on a run for the top. As is normally the case, our partners at Trade Ideas were the first to alert us to the gains. Currently (11:41), NBEV is trading at $5.60 per share after a gain of $0.31 per share or 5.81% so far today.

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What We’ll Be Watching For Ahead

Moving forward, the iWatch Markets team will continue to keep a close eye on NBEV. In particular, we’re interested in following the sales of the company’s CBD-infused lineup of products as we believe that the results will be overwhelmingly positive. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

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