Newage, inc. files voluntary petition for relief under chapter 11

Salt lake city, aug. 30, 2022 (globe newswire) -- newage, inc . (nasdaq: nbev) (the “company”), the utah-based direct-to-consumer (d2c) organic and healthy products company, today announced that on august 30, 2022 the company and certain of its subsidiaries, ariix llc, morinda holdings, inc., and morinda, inc. (collectively, the “debtors”), each filed a voluntary petition for relief under chapter 11 (“chapter 11”) of the united states bankruptcy code (the “bankruptcy code”) in the united states bankruptcy court for the district of delaware (the “bankruptcy court”), thereby commencing chapter 11 cases to facilitate a value-maximizing sale process.
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