Last month, still hot on the hype of its highly publicized May IPO, plant-based milk maker Oatly sustained its first major setback as a publicly traded company when Spruce Point Capital Management released a document claiming that the company had misrepresented its success. What can other companies learn from this about going public?
Earlier today, The Specialty Food Association (SFA) cancelled the in-person trade show portion of the Fancy Food Show 2021. Slated to run September 27 through 29 in New York City, the event will now move to a fully virtual format. Meanwhile, New Hope, and its parent company Informa, announced new Covid-19 related protocols for Natural Products Expo East.
Kendall Toole, popular Peloton instructor and mental health advocate has joined the growing team at X2 Performance as a shareholder. In a deal announced by X2 CEO, Mark French, Toole is now an equity partner who will assist in the company’s development of future products.
True Nopal, the number one selling cactus water brand and the cactus water category creator, announced today that it has finalized an agreement with Green Spoon Sales to represent True Nopal Prickly Pear cactus water across the country.
Woman-owned Moonlight Beverage Company is pleased to announce the launch of Love Life Enhanced Intimacy Beverage, a first-to-market, non-alcoholic, caffeine-free functional beverage to support sexual wellness. Unlike the popular blue pharmaceutical ‘pill’ that works with a male enzyme, Love Life’s patented formula of amino acids provides natural vasodilation for both men and women.
Non-alcoholic craft brewery Athletic Brewing is preparing to open a pop-up facility featuring “the intersection of beer and burpees” in Austin, Texas, the company teased today on social media.
A recent survey by SK Group shows that more than three-quarters of Americans aged 18-34 are likely to give buying preference to products with packaging that can be easily recycled or reused. This data comes from a new survey by SK Group that polled 1,500 U.S. adults in May to gauge attitudes about sustainable packaging.
Flavorman, a leading beverage development company, announced that Scott Weddle and Peter Eberle have been named Chief Operating Officer (COO) and Chief Strategy Officer (CSO). Effective August 1, the decision comes ahead of the company’s milestone 30th-year anniversary in 2022.
LIFEAID Beverage Co. announced this week that it has raised $20 million in an oversubscribed Series C financing round. The capital will go towards supporting the brand’s growth in retail in the U.S. and overseas, as well as funding new innovation and c-suite level hires.
Grand Teton Distillery announced its plans to open a new tasting room, adjacent to the distillery this winter. Construction has begun on an 8000 square foot space that will include a 2000 square foot tasting room, an area for additional production equipment and increased storage for the distillery.
This year’s Forbes list of the top wealthiest self-made women featured four founders, leaders and executives behind some of CPG’s most notable brands. Released this week, the full list includes 100 of the top female entrepreneurs and executives, two-thirds of which either founded or cofounded their company and 26 who have served as CEOs.
Absinthia’s Bottled Spirits, a woman-owned artisan beverage company, announced that it has completed the acquisition of Nickel Dime Syrups – a portfolio of craft cocktail syrups made in California from all-natural ingredients. The purchase was finalized on August 1. Terms were not disclosed.
This week we’re joined by Benjamin Chesler, the co-founder of Imperfect Foods, a pioneering online grocery service that specializes in selling produce and surplus food that would otherwise be discarded. Chesler discussed Imperfect’s roots and mission to reduce food waste on a massive scale, the process for incorporating branded items into its product selection and how the company communicates quality as a seller of “imperfect” food.
Bambucha is a line of “chef crafted” raw kombucha beverages that are brewed in San Diego, CA. The products are packaged in 12 ounce cans, are USDA Organic certified and contain live kombucha cultures.
