Colorado-based New Age Beverages has launched XingTea ready-to-drink teas in Chile through retailer Jumbo.

Jumbo is also a leading retailer in Latin America, with recent retail sales exceeding $19bn.

It has more than 1,000 hypermarkets, supermarkets and other outlets primarily in Chile, Argentina, Peru, Brazil and Colombia. 

New Age Beverages chief executive officer Brent Willis said: "We view international expansion as a fundamental part of achieving our goal of becoming the world's largest healthy functional beverage company.

“We have no intention of gaining opportunistic distribution, but rather intend on building our brand portfolio in high-growth / low-relative competitive intensity markets.

“Our distribution partner in Chile, Bebidas Chile, led by commercial director Jorge Chamudes, has done a superb job and we look forward to building the entire New Age portfolio of brands in Chile together with them going forward."

New Age Beverages Corporation recently completed a up-listing to the National Association of Securities Dealers Automated Quotations (NASDAQ) Capital Market Exchange, along with financing led by Aegis Capital and Maxim Group that raised more than $17m.

"We view international expansion as a fundamental part of achieving our goal of becoming the world's largest healthy functional beverage company."

New Age expects to reinvest the profits gained from this partnership with Jumbo into brand building within the Chilean and surrounding markets. 

New Age Beverages was founded in 2003, with a focus on healthy functional beverages.

It was re-created via the combination of XingTea, Aspen Pure Rocky Mountain Water, Búcha Live Kombucha, and New Age Beverages in June 2016. 

Last October, the company signed a management agreement to acquire Marley One Drop RTD Coffee, and Marley Mellow Mood Relaxation Drinks brands. 

It competes in the fast-growing healthy functional beverage segments, including ready-to-drink (RTD) tea, RTD coffee, kombucha, energy drinks, relaxation drinks and functional waters. 

Its brands are sold across all 50 states within the US and in more than ten countries internationally across all channels through direct and store door distribution systems.