After years of research and development, sustainable beverage company Cove is introducing its biodegradable bottled water next month in Erewhon stores in California. Since 2018, California-based Cove has been working to develop a truly revolutionary innovation with the potential to address systemic sustainability and recycling challenges: a plastic-free, biodegradable bottle.
Oatly announced it will lay off staff and transition the business to an “asset-light” hybrid production model after reporting a net loss of $107.9 million, with revenue growth falling short of analysts’ expectations, in its Q3 earnings report today.
Nova Scotia-based Cove Kombucha unveiled a new look for its line of canned kombuchas this week, ahead of an upcoming U.S. launch. Cove, founded in 2016 by brothers John and Ryan MacLellan, is currently sold in around 1,000 stores across Canada.
The distribution partnership between Celsius Holdings Inc. and PepsiCo is already paying dividends as the performance energy drink maker beat analysts’ net revenue expectations for Q3 2022, reporting 98% year-over-year growth to $188.2 million in its latest earnings report this week.
Flow Beverage Corp. CEO Nicholas Reichenbach said this week’s sale of the company’s Verona, Virginia production facility to sports drink maker BioSteel is primed to create a “path to profitability” for the Canadian alkaline water company.
Keurig Dr Pepper (KDP) CEO Ozan Dokmecioglu has resigned as the company’s chief executive and as a member of the board of directors due to “violations of the Company’s Code of Conduct,” the company announced on Thursday morning.
As the Bored Ape Yacht Club has made its cartoon simians synonymous with web3 culture, multiple CPG companies have adopted the NFT collection’s imagery for branding and marketing purposes. But now, California-based startup Ape Beverages Company has crafted an entire business around it.
Attorneys general from Washington state and the District of Columbia are seeking to temporarily block a $4 billion payout to Albertsons’ shareholders on November 7, filing lawsuits this week to put a hold on the cash dividend at least until the grocery giant’s proposed merger with Kroger can be reviewed by federal regulators.
Non-alcoholic beverage sales remained “robust” in the two-week period ending October 22, despite flat sequential growth, according to an analysis of NielsenIQ data by Goldman Sachs Equity Research.
Beverage companies operating in Connecticut have just two more months to prepare for a sweeping expansion of the state’s bottle laws, which will extend the five cent deposit on packaged drinks to cover the vast bulk of beverage categories and packaging formats effective January 1, 2023.
The California-based beverage company announced this month it has brought on celebrity influencer Kylie Jenner and Dallas Cowboys quarterback Dak Prescott as brand ambassadors and equity stakeholders, kickstarting a national media campaign aimed at rapidly increasing brand awareness.
Following its acquisition of Vive Organic, cold-pressed juice maker Suja is aiming to become a giant player in the 2 oz. shots space. The two California-based companies announced yesterday that Suja has purchased Vive for an undisclosed fee, marking the first acquisition by Suja since it was itself acquired by private equity firm Paine Schwartz Partners last year.
Arkansas-based GEN Z Brands is getting serious; led by a team of industry veterans, the bottled water product is rolling out into select Target stores this month as it dials-in on sales and marketing ahead of broader scaling efforts next year.
Constellation Brands is simplifying its approach to the cannabis industry as the company announced plans today to convert its common shares of Ontario-based Canopy Growth Corporation into new non-voting exchangeable shares. As part of the move, the alcohol conglomerate will consolidate all its U.S. cannabis assets into a single holding company, Canopy USA.
