New Age Beverages (NBEV) Stock Pops On Japanese Approval

New Age Beverages NBEV Stock News

New Age Beverages Corp (NASDAQ: NBEV) is having a great start to the trading session this morning, trading on gains of more than 13% early on. The gains come after the company received approval to launch CBD products in Japan. Here’s what’s happening:

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NBEV Stock Climbs On Japanese Approval

In a press release issued early this morning, New Age Beverages announced approval in Japan. The approval surrounds the distribution of the company’s CBD products in the region.

In the release, the company said that the approval came from the Japanese Narcotics Control Division as well as the Japanese Ministry of Health. As a result of the approval, NBEV may immediately launch its CBD products in the Japanese market.

The company said that it would be launching its NHANCED line of products. This includes body cream, roll-on gel, and CBD oil. In a statement, Fumiyuki Isami, Senior Director in Japan for NBEV, had the following to offer:

New Age is proud to introduce our lineup of CBD products to Japanese consumers and to be first with CBD in Japan. We believe we have one of the highest quality CBD portfolios worldwide and have leveraged all of our scientific insights and research and development expertise to develop these superior performing and highly efficacious products. We have been working intensively with the Japanese Narcotics Control Division and the Ministry of Health for the past eight months to meet all of their stringent testing and requirements. This week, we finally cleared those hurdles, the first major company in the country to do so.

The above statement was followed up by Jarakae Jensen, Managing Director of R&D for NBEV. Here’s what he had to offer:

‘NHANCED CBD products for the Japanese market were designed and developed to meet stringent government hemp (cannabis sativa) and cannabidiol (CBD) regulations for safety, purity and efficacy. The cannabidiol in these three products is sourced from industrial hemp grown in the USA. This hemp is processed extremely carefully to remove all leaves, flowers, buds and branches from the stem, which is then further processed to ensure the cannabidiol is pure and 100% free from tetrahydrocannabinol (THC).

In Other News

In the same release, New Age Beverages offered up more news. The company said that it had completed the development of its proprietary CBD-infused beverages and dietary supplements for Japan.

These beverages and supplements include the same raw materials that have already been approved in the region. As a result, the company anticipates rolling the products out in the region this year and following up with launches around the globe as regulatory changes take place.

There’s Good Reason To Be Excited Here

The bottom line is that today’s news is a revenue story. With approval in Japan, the company can now start to market its products in the region, opening a door to a large potential audience.

Of course, as the CBD-infused products start to roll out through Japan, we can expect to see compelling revenue growth. Let’s not forget, Japan is a massive economy that offers up quite a bit of opportunity for NBEV and its investors.

As the company continues to push to bring its products to the global CBD stage, investors have plenty of potential growth to look forward to.

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