Canadian wellness products portfolio company Simply Better Brands Corp. (SBBC) has reached an agreement to acquire Seattle-based craft beverage brand Jones Soda for nearly $99 million.

Prebiotic soda brand Poppi announced today it has named former Talking Rain chief executive Chris Hall as CEO, effective the first week of May. Hall comes to the Texas-based startup brand just weeks after concluding a 15-year run across various roles at Talking Rain.

The convenience channel began to see early signs of inflationary strain on consumer spending during Q1, according to the latest Beverage Bytes survey from Goldman Sachs Equity Research. According to the report, based on feedback from retailers representing nearly 42,000 c-stores around the country, beverage sales rose sequentially during the first quarter of the year.

Functional coffee brand Taika’s collaboration with web3 creative community Friends with Benefits (FWB) is coming to fruition this week as the California-based brand announced it will release 400 NFTs for mint on Thursday in support of its limited edition yerba mate launch.

Between non-alcoholic spirits, beers, wines and mocktails, the options for sober and sober curious consumers have boomed over the past few years, but the rise of this new category has also presented a challenge for retail buyers – raising questions of where in the store these zero proof products belong.

Over the past two years Numilk has quietly moved away from that original strategy to focus on developing technology for foodservice applications and now is preparing to scale its footprint and launch at-home devices capable of making nearly any non-dairy milk product consumers desire.

After announcing the closing of a $29 million Series B funding round on Thursday, performance energy drink brand A SHOC is looking to increase brand awareness and fuel its expansion with the support of its expanded athlete investor team, according to CEO Paul Nadel.

Performance energy drink brand A SHOC announced today it has closed a $29 million Series B funding round backed by existing investors and a roster of celebrity athletes.

Talking Rain Beverage Company, the parent company of Sparkling Ice, announced today it has appointed Ken Sylvia as its new permanent CEO, effective immediately. He had been serving as interim CEO since Chris Hall’s abrupt departure on April 1. Sylvia joined the Seattle-based company in 2010 and has held a variety of roles, most recently serving as COO overseeing sales and supply chain.

Hydrogen-infused water maker Susosu has closed a seed round backed by food and beverage accelerator Union Kitchen, marking the Virginia-based brand’s first ever outside investment. Terms of the deal were not disclosed.

For a decade, Remedy Drinks has been brewing down under. Now, the Australia-based kombucha brand is making a broader push into the U.S., bringing over a full slate of new products to American retailers this year.

Non-alcoholic beverage sales remained strong but continued to decelerate over the two-week period ending March 26, according to an analysis of NielsenIQ data by Goldman Sachs Equity Research. The sales slowdown resulted from slower volume growth, which was up by low single digits in the four-week period with several categories facing declines.