Specialty coffee roaster BLK & Bold is taking its first step into the ready-to-drink sector with the launch of its canned cold brew coffee line, which is rolling out to Target stores nationwide this month. Founded in 2018, the Des Moines-based brand has established itself as the first nationally distributed Black-owned coffee and tea company in the U.S., selling its whole and ground beans in over 6,000 retail stores, including Target, Albertsons, Vons, Whole Foods and Shop Rite.

When The Coca-Cola Company announced last month its decision to discontinue Honest Tea by the end of the year, the brand’s founders were dismayed by what they believed was a shortsighted decision. Two weeks later, they’re brewing up a new line of better-for-you teas to take the mantle.

Advisory firm IBC announced it has partnered with Cannaverse Technologies to serve as a brand advisor for Cannaland, a metaverse project intended to act as a hub for the cannabis consumers and members of the industry; Also, what the deal is behind an AriZona-backed stablecoin and Hummii's launch in California.

Kansas-based milk alternative startup Strive Nutrition Corp. announced today it has partnered with Perfect Day for its first line of animal-free whey protein beverages, which will launch next month online with plans to enter brick and mortar retail later this year.

Reichenbach noted that in his role as executive chairman he was still active in the brand’s daily operations, responsible for running capital markets and shareholder relations. While he worked closely with Patarnello on key decisions, Patarnello was primarily responsible for managing the executive team.

Convenience channel growth decelerated to 1.7% in the first quarter of the year, underperforming all other retail channels, according to market research firm IRI’s “The Convenience Store Landscape Q1 2022” report released this week.

After the pandemic put some of its new product plans on hold, New York-based iced tea manufacturer AriZona Beverages is beginning to reload its innovation pipeline, beginning with an expansion of its Red Tea line this summer.

Heartbreak and Confusion. Those were the feelings that hit the builders of Honest Tea – hard – on Monday after the Coca-Cola Company announced its intention to discontinue the organic beverage brand by the end of the year.

Following Tuesday’s announcement that it had acquired HPP juice brand Evolution Fresh for an undisclosed sum, Bolthouse Farms said today that it wants to quickly scale the brand in new channels nationwide after the deal closes later this year.

As leading mass retail chains Walmart and Target face excess inventory and margin pressures amid high inflation, food and beverage emerged as one of the strongest CPG sectors during the retailers’ Q1 earnings reports last week.

Food tech-focused company Tomorrow Farms is bringing its first product line to market with the launch of Bored Cow, an animal-free dairy milk produced in partnership with Perfect Day. Bored Cow is made with Perfect Day’s animal-free whey protein, which is produced via a precision fermentation process that creates replicas of dairy products without the use of animals.

Volume declines helped decelerate non-alcoholic beverage sales growth for the two-week period ending May 7, according to an analysis of NielsenIQ data by Goldman Sachs Equity Research.