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New Age Beverages (NBEV) announces launch of its hemp portfolio in Australia and New Zealand
December 20, 2019 7:07 AM
NEWAGE (NASDAQ: NBEV), the Colorado-based healthy products company, announced the launch of its hemp portfolio in Australia and New Zealand.

KEY HIGHLIGHTS:

NewAge launches its 'NHANCED Hemp Topical Products in Australia and New Zealand
Plans to launch in Korea, Taiwan and 32 markets in Europe as part of its drive to lead in CBD and hemp industry worldwide
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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