With a clear path to profitability and the growing possibility of a short squeeze, it's easy to see why one Wall Street pro is initiating coverage of New Age Beverages with a bullish call.
News & Analysis: New Age Beverages Corporation
The bottom line: a whole lot of uncertainty.
More than 21 million shares of the functional-beverage specialist are being sold short right now, a record high and a sevenfold increase over the past year. This is how short squeezes start.
NBEV earnings call for the period ending March 31, 2019.
Walmart hasn't been shy about its desire to eventually carry products containing CBD.
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.