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NewAge Inc., a publicly traded vendor of beverages, supplements and other health and wellness merchandise, mentioned its bankruptcy filing is because of in part to the expense of an investigation into a possible violation of the International Corrupt Techniques Act, a U.S. antibribery regulation.
NewAge, which submitted for personal bankruptcy on Tuesday, has 320 employees and sells via a direct income community in a lot more than 50 nations around the world. The small business has an e-commerce revenue system and a retailer distribution small business in Colorado. Its most significant brand name is Tahitian Noni, a line that incorporates juices and promoted to help lower swelling.
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