The Coca-Cola Company showcased a slate of new product innovations at this year’s annual National Association of Convenience Stores (NACS) Show, including the long-awaited expansion of the Costa Coffee brand into the U.S.
A jury sided with Monster Energy Co. in its false advertising lawsuit against Bang producer Vital Pharmaceuticals (VPX) in California federal court this week, awarding the company nearly $293 million in damages.
Global spirits conglomerate Diageo has acquired premium cold brew coffee liqueur brand Mr Black, in which it previously held a minority stake, the company announced today. Terms of the deal were not disclosed.
Bottled water brand PATH has raised $30 million in a Series A funding round led by Altos Ventures aimed at expanding its nationwide distribution footprint and supporting a new East Coast manufacturing facility.
Cactus water startup brand Caliwater has raised $2 million in a financing round backed by a slate of professional athletes, actors and musicians. The round, announced today, marks the brand’s second $2 million raise in as many years.
Liquid Death will pay stores a monthly volume-based sponsorship fee to allow accounts to purchase product through Amazon or other retailers, which can then be resold at the standard SRP.
Cannabis beverage producer Cann announced today it has acquired Toronto-based CBD drink maker Sweet Reason, marking the company’s first acquisition as it seeks to build out a platform for alcohol alternatives. Terms of the deal were not disclosed.
The California-based scented bottled water brand is preparing to relaunch this fall after supply shortages forced it into a long hibernation last year, said CEO Shawn Griffis, and will debut an expanded product portfolio including new sparkling and kids lines.
Most of the $17.5 billion in annual energy drink sales has, traditionally, come from young, male consumers. But that’s beginning to change. In recent years, brands like CELSIUS and Alani Nu have seen triple-digit sales gains with much of the growth being credited to women entering the energy category.
Cloud Water Brands, the New York-based beverage company behind a line of CBD-infused and immunity drinks, has raised $5 million as part of its Series A funding to support nationwide distribution expansion.
Botanical-infused sparkling water brand Aura Bora announced today the closing of a series A funding round that brings its total lifetime financing north of $10 million. The raise was led by Siddhi Capital, with additional participation from other firms as well as Waterloo co-founder Clayton Christopher.
Barely four months after its initial reveal, Eat the Change’s Just Ice Tea is rolling out to stores this week. Seth Goldman, co-founder of Eat the Change and Honest Tea, first announced the new line of ready-to-drink teas in June, only two weeks after The Coca-Cola Company announced it would discontinue Honest Tea by the end of this year.
As the slow grind of regulatory bureaucracy continues to stunt expansion of the CBD beverage market, infused sparkling water and gummy maker Daytrip is the latest brand to branch outside of the hemp category with its new product line: Daytrip Prebiotic Soda.
Last summer, CPG industry veteran Dan Stangler was named CEO of Brew Dr Kombucha, passed the mantle from Matt Thomas, who founded the company in 2003. Now, a little more than a year later, Stangler said the brand’s fundamentals are in order and he’s ready to drive national expansion.
