News

Office Hours: Insights into M&A, Brand Growth, and Investment During Pandemic

Office Hours returns Tuesday, June 2 at 3 p.m. ET. Jeff Klineman, BevNET’s Editor-in-Chief, will bring veteran investment bankers Jay Novak and Brandon Ng from Houlihan Lokey on the livestream to discuss the current fundraising and M&A market and take questions from viewers.

Watch: Why Now Is the “Perfect Time” For CBD Regulations Overhaul

While both the CBD and cannabis industries have attracted increased attention from consumers, investors and retailers alike, brands within these categories still face a range of unique operational challenges. Jeremy Goldstein, the COO and co-founder of both CBD brand Caliper Foods and Cannabis company Stillwater Brands, sees the potential for massive growth if the FDA “gets off its hands.”

Industry Responds to FDA Ingredient Guidance

The Food and Drug Administration (FDA) on Friday released temporary guidance to allow food manufacturers to change ingredients without updating product labels, a move aimed at preventing supply chain disruptions during the COVID-19 pandemic. In response, company and industry leaders are speaking up to promote consumer safety.

Nielsen: Non-Alc Beverage Sales Accelerating

At-home food and beverage consumption trends remain strong over the last month, according to an analysis of Nielsen data by Goldman Sachs Equity Research released earlier this week.

Mario Gutierrez Joins Aperity as VP of Business Development

Aperity, Inc., an innovative provider of data management and analytic solutions for supply chain partners, today announced that Beverage Alcohol industry veteran Mario Gutierrez has joined the team as Vice…

Rowdy Mermaid Raises Another $3.5M in Series A ‘Second Tranche’

Rowdy Mermaid Kombucha announced today it has raised an additional $3.5 million from investment firm KarpReilly in a “second and final tranche” of its Series A funding round, bringing the total financing to $7 million. In February 2019, KarpReilly led the Colorado-based brand’s initial Series A round and co-founder Allan Karp joined Rowdy Mermaid’s board of directors.

Costa Brava Cocktails Launches in Southern California

Costa Brava Cocktails, a startup division of LazKap Beverages Inc., launches its innovative line of zero sugar, zero carbs premium vodka canned cocktails in Southern California. Costa Brava Cocktails will initially feature two flavors: Lemon Drop and Vodka Cranberry. 

Eyeing “Revolution,” Neutral Builds Zero-Carbon CPG Platform

Matt Plitch, founder of sustainable dairy brand Neutral, envisions carbon neutral food and beverage as the next big food movement. As a “global food revolution” in line with the recent rise of veganism, he sees a future in which grocery stores will have a carbon neutral aisle and “neutralists” can shop for products with net-zero carbon emissions.

Bardstown Bourbon Company Breaks Ground on New Bottling Facility

The Bardstown Bourbon Company, 1500 Parkway Drive, recently broke ground on its new bottling facility, adjacent to the distillery and recently opened Visitors Center. The 47,000 square foot development will enable the team to bottle hundreds of thousands of cases of distilled spirits per year and is projected to generate 25 new jobs upon its completion in spring 2021. 

Boozie Cocktails Partners With Hayden Beverage For Pandemic Relief

Idaho-based canned cocktail company, Boozie, in partnership with Hayden Beverage, will donate $2 for each can of Boozie purchased at participating retailers starting June 1, 2020. Donations will go to the Boozie Cocktails For COVID-19 Idaho Relief Fund, pledging up to $60,000. Funds will support local registered nurses who are facing the frontlines of the pandemic.

Catoctin Creek Distilling Co.’s Becky Harris Elected President of ACSA Board of Directors

Becky Harris, co-founder and chief distiller of Catoctin Creek Distilling Company, has been appointed the American Craft Spirits Association (ACSA) President of the Board of Directors. Harris has served as a member of the Board of Directors since last May, where she was charged with appointing leadership to its governing committees.

Barrell Craft Spirits Launches Private Release Whiskey Series

Barrell Craft Spirits (BCS) has launched its highly-anticipated Private Release Whiskey Series. Each batch features a unique blend based around Barrell’s 18-year-old stocks of Kentucky Whiskey, which were then finished in a secondary barrel or cask.