Tilray Takes on HEXO Debt, Opens Path For Equity Ownership

Two of Canada’s major cannabis producers are coming together after Tilray Brands agreed to take on $211 million of debt from HEXO, a resolution that will allow the latter brand to shake off its “crippling overhang” by providing Tilray with "significant equity ownership position,” according to a press release.

Lost Lantern Spring 2022 Single Cask Collection Highlights Tradition & Innovation

Lost Lantern, the new independent bottler of American whiskey that launched less than 18 months ago, is pleased to announce their Spring 2022 collection, featuring four limited edition single casks from four celebrated distilleries: Smooth Ambler in West Virginia, Westward in Oregon, Frey Ranch Distillery in Nevada and Spirit Works in California.

Nirvana Water Sciences Introduces New Functional Water

#url#Nirvana Water Sciences Corp. (“Nirvana”) will introduce Nirvana HMB + Vitamin D3 spring water at Expo West in Anaheim, California March 8-12. The newest member in a family of innovative,…

BDSA: Global Cannabis Sales Expected to Grow 22% in 2022

Legal cannabis sales worldwide are projected to rise 22% this year to over $35 billion, up from $29 billion in 2021, according to a report by Colorado-based cannabis market data supplier BDSA released today.

Watch: Category Closeup – Web3 & CPG

In this edition of Category Closeup, BevNET reporter Brad Avery and a panel of CPG leaders take a look at one of the fastest growing (and most misunderstood) trends currently emerging within the food and beverage space: web3. This disruptive, decentralized technology platform – which includes NFTs, cryptocurrencies, blockchain and Metaverse – has emerged as a new, disruptive tool for companies of all sizes.

CELSIUS: 2021 Marks Record Growth Year as Distribution Drives Momentum

Fitness energy drink maker CELSIUS enjoyed record growth in its Q4 2021 and full year earnings report released this week, with revenue up 140% to $314.3 million. Domestic revenue rose 186% to $273 million for the year while international revenue was up 17% to $41.2 million from the previous year. Gross profit was up 111% to $128.2 million.