Walmart hasn't been shy about its desire to eventually carry products containing CBD.
News & Analysis: New Age Beverages Corporation
The euphoria from yesterday's good news appears to be fading somewhat for the beverage maker.
New Age Beverage signed a big distribution deal and 2U made a strategic acquisition.
Gaining national distribution is a big deal for any young company, but NBEV's expanded deal with the largest retailer is even bigger.
The stock market eased lower to start the new week.
The cannabis space cooled down last month, due in part to a spate of quarterly earnings releases that failed to excite investors.
Chipotle, New Age Beverages, and Roku have all soared by more than 100% over the past 12 months.
The green rush came to an abrupt end for these marijuana stocks last month.
Canopy Growth's entrance into the U.S. CBD space could have dampened investor enthusiasm about New Age Beverages stock.
This "marijuana stock" is on fire in 2019 after rocketing 140% last year.