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NewAge (OTC: NBEVQ) announced the sale of its legacy direct store distribution (DSD) division to Legacy Distribution Group. The transaction is anticipated to close in Q4 2022, pending bankruptcy court approval. The DSD division, a significant independent distributor in Colorado, has serviced over 5,000 outlets for more than 20 years. This move aims to streamline operations and focus on maximizing revenue in the direct selling sector. Chairman Ed Brennan emphasized the strategic importance of this sale for stakeholders.
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