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Health and wellness ecommerce brand Athletic Greens announced today that it has raised $115 million in a funding round led by venture capital firm Alpha Wave Global, which also has investments in companies like Alibaba, Uber and Atai Life Sciences.
Grammy Award-winning artist Macklemore has long been a vocal advocate for those fighting substance addiction and has been open in discussing his own struggles in that realm. Now, the “Thrift Store” rapper is backing a beverage brand that has made supporting individuals in recovery its central mission as an investor and the new creative director at ready-to-drink yerba mate maker CLEAN Cause.
This week we’re joined by Ross Iverson, co-founder and chief investment officer of Manna Tree Partners, a food-focused private equity firm whose portfolio includes stakes in Health-Ade, Gotham Greens and Urban Remedy. Iverson discussed the firm’s vision to improve human health by investing in better-for-you brands, why diligence plays a bigger role than innovation when evaluating companies and how Manna Tree assesses early-stage brands.
Connecticut-based spirits portfolio company The CoreBev Group has acquired RTD cocktail brand The Cocktail Chemist in its first M&A deal, the company announced last week. Terms of the deal were not disclosed.
Coca-Cola’s interest in beverage alcohol continues to expand with today’s announcement of Simply Spiked Lemonade, a new line of fermented sugar cane-based alcoholic drinks developed through the soda giant’s exclusive partnership with Molson Coors Beverage Company.
PORTLAND, Ore. — The search for the perfect sugar substitute is far from over, but Icon Foods has tapped into two natural extracts, CitruSweet and ThauSweet, that offer the latest…
Dry January will be coming to an end soon and as consumers begin picking up alcohol again a number of new ready-to-drink cocktail launches will be there to meet them. This month’s announcements include a variety of packaging and flavor innovations, including boxed margaritas, honey-infused libations and even hard water.
The Professional Fighters League (PFL), the fastest growing and most innovative sports league, today announced a multi-year deal with NXT LVL as the official water partner of the PFL. The…
Naperville, Ill. – From January 26 through February 11, KeHE Distributors will host its highly-anticipated food and beverage industry marketplace event, the 2022 Summer Show, virtually, giving retailers and suppliers…
In this video, BevNET managing editor Martin Caballero sat down with Bethany Gomez, Managing Director at Brightfield Group, to unpack the latest data and insights from Brightfield’s Dry January Non-Alcoholic Beverage Trends report.
JEFFERSONVILLE, Ind. – HempRise, one of the biggest hemp processing facilities in the U.S., has introduced HempNANO, a concentrated nanoemulsion for water soluble applications. Processed to be a more long-lasting…
Chlorophyll Water, recognized by the Green Business Bureau as “Good for the Mind, the Body, and the Planet,” is now available at select Urban Outfitters nationwide. Urban Outfitters, a global…
Several beverage brands announced partnerships with athletes, influencers and celebrities last week, including Celsius, Day One, ZICO Rising and low-ABV vodka brand Petal & Plume.
ST. LOUIS – In celebration of National Bootlegger’s Day (Jan. 17), the brand team at George Remus Bourbon has developed a memorable collection highlighting some of its best bourbon offerings:…
