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  "documentTitle": "New Age Beverage Corp. (NBEV)",
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      "text": "New Age Beverage Co. (NASDAQ:NBEV) is a manufacturer and distributor of beverages. We believe NBEV's recently closed merger with a multi-level marketing (MLM) company, Morinda, for $85 million will be a disaster for NBEV shareholders.",
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      "text": "Now we should start to see why Morinda makes so much sense for us, especially from our CBD-infused beverage portfolio and the Health Sciences Division.",
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      "text": "Clearly, the financial combination is transformative for New Age, and we believe the level of acceleration from the transaction for shareholders will be outstanding.",
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