Morinda: NewAge Sold to Morinda Co-Founder John Wadsworth

Approval has been granted to sell NewAge to original Morinda co-founder John Wadsworth. NewAge Inc had previously filed for Chapter 11 of the U.S. Bankruptcy Code on August 30th. On that same day, NewAge signed an Asset Purchase Agreement with DIP Financing LLC. John Wadsworth is the sole named representative of DIP Financing LLC. Wadsworth [...]