Morinda Acquired by New Age Beverages Corp.

Utah-based Morinda Holdings, Inc. was acquired by New Age Beverages (NASDAQ: NBEV) for $85 million, comprised of $75 million in cash and $10 million in New Age restricted stock. New Age’s CBD-infused beverages could have immediate access into 60 countries, including China and Japan, by utilizing Morinda’s network. The company’s CFO Gregory Gould says the decision to distribute the CBD products outside the U.S. has not yet been made, but that the infrastructure is now in place.