The Vita Coco Company kicked off 2025 with a bang as the company touted double-digit net sales growth across all territories in its Q1 earnings report today. Net sales for the company were up 17% in the quarter to $131 million, with the U.S. growing 24% and international sales growing 36%, according to the company.
Working to go from TikTok and DTC to IRL brick-and-mortar, better-for-you energy drink brand Gorgie announced today that it has closed a $24.5 million funding round led by Notable Capital. According to the company, the new capital brings Gorgie’s lifetime funding to $37 million since its launch in 2023.
Reed’s has appointed former PepsiCo exec Cyril Wallace as its new CEO, replacing outgoing leader Norman E. Snyder, who is stepping away from the role after five years with the craft soda producer.
What’s good for MAHA may not be so nice for Big CSD. The U.S. Department of Agriculture (USDA) is moving quickly to approve state requests to pull soda and candy from the Supplemental Food Assistance Program (SNAP), the Wall Street Journal reported Tuesday.
The Ryl Company, maker of functional canned beverage brand Ryl Tea, has closed a $15 million funding round as it looks to accelerate into “hyper-growth” and increase its retail footprint 4x this year.
Diageo is teaming up with consulting and investment firm Main Street Advisors for a strategic joint venture that swaps out the spirits giant’s majority ownership of Cîroc Vodka in North America for a majority stake in basketball legend Lebron James-backed Lobos 1707 Tequila.
Functional beverage startup Wet Hydration has closed a $4.5 million funding round, backed exclusively by private investors, as the brand looks to amp up its market presence this year with new innovation and key new personnel hires, including a former Celsius sales executive.
Operating under the company’s Tilray Wellness better-for-you food and beverage division, the launch comes after Tilray bought HiBall from Anheuser-Busch InBev in an $85 million cash deal that also included eight craft beer brands.
Flow Beverage Corp.’s co-packing business fueled double-digit growth in Q1, according to the Canadian water company’s latest earnings report this morning, while branded CPG sales remained down.
At Natural Products Expo West 2025, we spoke with Perry CEO Vasa Martinez about the brand's approach to marketing; from the wacky to the more grounded, such as the company’s focus on its benefits for diabetic consumers.
PepsiCo announced this morning it has entered a definitive agreement to acquire Poppi for $1.95 billion, officially bringing the CSD giant into the next gen functional soda set.
With its Conway, Arkansas production facility now fully operational, Westrock Coffee Company is projecting significant growth this year, according to the company’s latest earnings report this week.
The medical-grade meal replacement brand announced today the launch of a new line of plant-based Kids Nutrition drinks into 302 Target locations across the country, as well as online at Target.com, marking a major expansion outside of the medical channel and into mainstream retail.
Black Rifle Coffee Company’s revenue took a hard hit in Q4 2024 as sales dropped double-digits in the quarter, according to the brand’s latest earnings report this morning. But, the company said, that decline is in part due to growing pains as the brand increases its attention on wholesale and RTD products.
