MillerCoors, the U.S. business unit of beer giant Molson Coors, announced today it has taken a minority ownership stake in California-based beverage incubator L.A. Libations, a move that gives the beer conglomerate access to a broad portfolio of brands as it moves to expand its play in non-alcoholic categories.
Teatulia Expands Tea Soda Line; Mother Kombucha Adds 840 Publix Stores; Basis Adds Safeway in Colorado; Sol-ti SuperShots Line Goes Chainwide in Publix; Brooklyn Crafted Adds Extra Spicy Ginger Beer Cans in Sprouts; Phivida Launches Oki in Florida; Cirrus Expands in Southeast and Mid-Atlantic
On Monday, Super Coffee will introduce two new additions to its portfolio: Super Cold Brew and Triple Shot Espresso. Unlike the brand’s flagship Super Coffee line and its Super Espresso SKUs, the new products will not contain protein or MCT oil. Instead, both will be zero calorie and contain L-Theanine sourced from green tea.
Innumerable sweetened beverages have for decades had to contend with being dismissively called “sugar water.” But for Texas-based startup Bhoomi, the term comes with a sense of pride. Founded in 2017, Bhoomi produces a line “cane waters” made from cold-pressed sugarcane stalk.
The dairy producer announced today it will use the bankruptcy process to “protect and support” ongoing business operations and address debt and pension obligations. Dean Foods has secured $850 million in debtor-in-possession financing from existing lenders to support continued operations ahead of an eventual sale.
OWYN Names Mark Olivieri President; Sweet Reasons Brings On Industry Vets; American Beverage Association Announces New Board Members; New Age Names Julie Garlikov as CMO; Rob Paladino Joins Sol-ti as President; David Kroll Exits COCO5
Despite declines in its North American business, Monster Energy Corp. saw net sales grow by double digits during the third quarter, the company announced in an earnings report yesterday. Speaking with investors during an earnings call, Monster vice chairman and president Hilton Schlosberg reported that net sales grew 11.6% to $1.13 billion, up from $1.02 billion in the third quarter of last year.
Although underlying net sales beat analysts’ projections, Keurig Dr Pepper (KDP) is still facing post-merger headwinds from its allied brands portfolio, the company announced in its third quarter earnings report today.
Plant-based dairy maker Mooala announced today it has raised $8.3 million in a Series A financing round led by Sweat Equities. The round brings the three-year-old brand’s total funding to more than $13 million. The round also includes additional financing from M3 Ventures, which led Mooala’s $5 million seed round last year.
Waltz CBD Seltzer Launches in Colorado; NOCCO Adds 500 Accounts Nationwide; Phivida Partners with Gotham Brands for Oki Rollout; Califia Farms Adds 3,200 7-Eleven Stores; Spindrift Launches in Publix; Cafe Agave To Expand Across the Country; Petal Adds Gelson’s; Positive Beverage Adds Target in California and Colorado
Based in Columbus, Ohio, W*nder is a line of sparkling waters containing 20 mg of CBD per 12 oz. can along, with various adaptogens and other functional ingredients. Though the sparkling water category has been a popular platform for upstart CBD brands founder Tanisha Robinson told BevNET that she intends to launch W*nder as a regional play in Ohio, where CBD beverages are still sparse.
Seeking to expand its sales and marketing team, sparkling yerba mate drink maker CLEAN Cause announced today it has raised $7 million in a series A round. Speaking with BevNET, CLEAN Cause founder and CEO Wes Hurt said the round was entirely financed by private individuals from the Austin, Texas area, where the nearly five-year-old brand is based.
Adam Louras Steps Down as Iris Nova COO to Launch Consulting Agency; Matt Kahn Leaves CELSIUS; Death Wish Coffee Appoints COO; Dunkin’ Brands CMO Steps Down; Zing Zang Names Brent Albertson as CEO
A Massachusetts court has ruled “fire cider” is a generic term that cannot be trademarked, potentially ending a yearslong legal battle between herbal brand owners and tonic maker Shire City Herbals; New Class Action Targets Brew Dr.’s Probiotic Count; Court Rules in Favor of 5-Hour Energy in Costco Case