September 19, 2018 / 4:47 PM / a month ago

BUZZ-New Age Beverage: Hits year-high as co to debut CBD portfolio

** Health drink maker’s shares rise as much as ~51 pct to hit a year-high at $4.25

** NBEV to debut its CBD (Cannabidiol, a constituent of cannabis) portfolio at North American Convenience store show on Oct. 8; to take orders from retailers

** Stock up ~32 pct at $3.72; among top 5 pct gainers on NASDAQ

** More than 48.3 mln shares traded, 4.7x of their 10-day moving avg

** Shares of medical marijuana company Tilray also up 47.2 pct at $228.27 as co’s CEO says it is interested in market for consumer products that use ingredients from marijuana

** Other cannabis stocks also up; Cronos Group up ~19 pct, while Canopy Growth Company up 1.5 pct

** Including today’s gains, NBEV up 78.2 pct this year (Reporting by Soundarya J in Bengaluru)

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