Adrianne DeLuca is the Assistant Managing Editor - Newsletters for BevNET and NOSH.
Australian kombucha maker Remedy Drinks has closed a Series B funding round led by L Catterton and Australian investment firm Kin Group during Q4 2022. With this cash infusion, the brand plans to drive retail expansion with new and existing partners across the U.S.
Drippy Enterprises, the makers of THC and CBN-infused Drippy Soda, announced that beverage investor and brand leader Chris Hunter has backed the company’s seed funding round in addition to joining as an advisor.
Hydration drink brand Hoist is looking to push its business to the next level with the introduction of a new format, additional distribution partners and, ideally, a forthcoming influx of capital.
Cannabinoid drink brand Bimble has ditched its 12 oz. glass bottles, kicking off the new year by downsizing into 8 oz. slim cans that pack the same 25 mg dose of CBD, but less liquid and, subsequently, less calories.
Sales growth in the non-alcoholic beverage industry remained “robust and broadly stable” at +13.3% as price increases slowed, driving a rebound in volume growth.
Total sales of alcoholic and non-alcoholic beverages remained strong in the convenience channel last quarter, even as retailers are still cautious about if the space will sustain momentum in the year ahead due to broader economic pressures, according to results from the ‘Beverage Bytes’ survey released last week, conducted by Goldman Sachs Equity Research.
Acknowledging issues within its existing system, the U.S Food and Drug Administration (FDA) is seeking to reimagine its food program through an agency-wide restructuring, per a letter published by Commissioner Robert Califf earlier today.
The U.S. Food and Drug Administration (FDA) is looking for Congress to take charge in regulating cannabinoid (CBD) products after concluding the agency’s existing authority over food additives and supplements does not provide all the necessary tools for managing the risks of CBD.
Non-alcoholic beverage retail growth remained positive, up 13% over the two week period ending January 14, 2023, according to an analysis of NielsenIQ data by Goldman Sachs Equity Research. However, sales decelerated year-over-year as increases in average pricing (+15.9%) drove volume down (-2.9%).
Despite its name, The Specialty Food Association’s Winter Fancy Food Show returned to the Las Vegas Convention Center with plenty of new product innovations in the beverage set, including novel formats in the bubble tea space, updating positioning for kombucha brands and growing prominence for outer space aesthetics.
Digital advertising has become a nightmare for hemp food and beverage brands, regardless of whether or not their products contain CBD.
Women-led, vitamin-infused, clean energy drink brand GORGIE launched today, just six months after founder Michelle Cordeiro Grant first came up with the concept, tested it via TikTok and began building an online community dedicated to wellness and energy, complete with magazine and a host of followers.
Albertsons Companies released its quarterly earnings on Tuesday, reporting net sales and other revenue reached $18.2 billion in Q3, a 1% increase from Q2 results, with growth largely driven by retail price inflation and higher fuel sales.
JPG Resources has acquired RodeoCPG’s Brooklyn-based R&D team allowing JPG to better serve brands in the Big Apple, while Rodeo pivots toward becoming a targeted, tech-forward sales management platform.
