Cannabis portfolio company 1933 Industries announced today it has signed a binding letter of intent to acquire CBD beverage maker Day One in an all-stock transaction, just four months after the sparkling water brand relaunched as an independent business.
Sunwink's functional powders are joining a growing shelf of 'ingestible beauty' products at Target, while Spindrift Spiked enters e-marketplace Speakeasy and Southern Glazer's picks up another CBD drink.
The COVID-19 pandemic will continue to impact consumer attitudes towards shopping and eating this year, according to a new 2022 trend outlook report by sales and marketing firm Acosta. Consumers surveyed by Acosta in July and October said they were continuing to eat more at home than they did prior to the pandemic.
Dry January started in England before it crossed the Atlantic to the U.S. Now, non-alcoholic beer, wine, and spirits brands chasing the Dry January crowd have followed. It looks like a crowd of eager investors may be close behind.
In 2018, fermented dairy brand Lifeway announced the beginning of “Lifeway 2.0,” a strategic revitalization plan to invigorate growth and expand the brand internationally. Now, speaking today at the virtual 2022 ICR Conference, CEO Julie Smolyansky said the goals of the plan have been achieved and the company is now beginning a new phase: “Lifeway 3.0.”
Gnusante Creations, the maker of a better-for-you kids drink in a pouch, is heading into the U.S. after growing up in the Canadian innovation company of Ron Kendrick, one of the original links to 90s fruit-flavored drink Orbitz, a signature beverage for its era. This time, though, Kendrick’s family is on board as well.
Global packaging distributor TricorBraun announced today that it has acquired beverage packaging providers Zuckerman Honickman and Vessel Packaging in a move providing the conglomerate with additional non-alcoholic beverage capabilities and an expanded footprint in Canada.
California based supplements brand Nouri is branching out into the beverage set with its latest innovation, Inner Immune, a line of immunobiotic functional drinks intended to promote gut health and immunity.
The California-based canned water maker announced this week that it has raised $75 million in a Series C round led by startup studio Science Inc. The new funding brings the brand’s total financing to about $125 million since its founding in 2018 and is aimed at helping the company scale its presence in the conventional channel and support a new flavored sparkling water line launching at the end of this month.
Jovē (pronounced Joh-Vee) produces a 9.5 pH alkaline water made using a patented “Advanced Cellular Hydration Technology” that involves adding essential minerals and charging the water with electrons in order to help the body absorb it.
The California-based company, launched in 2013, announced this week a visual refresh and reformulation for its three-SKU line of sugar free energy drinks, available in Super Berry, Mango Ginger and Citrus Yuzu flavors, with the aim of creating a package design that reflects its positioning as a natural “caffeinated refreshment” beverage.
Humm Kombucha is the latest to enter the burgeoning functional soda category with its newest innovation, Humm Probiotic, a line of shelf stable sodas and seltzers positioned around gut health and immunity benefits.
Cactus water brand Caliwater is heading for the East Coast with a new expansion into New York, New Jersey, Pennsylvania and Maryland stores; Cannabis seltzer brand Wynk is branching out around the country, now adding dispensary accounts in Maine; Chilean plant-based milk maker NotCo is expanding its U.S. presence.
Analysts at Goldman Sachs Equity Research are feeling optimistic about the long term growth potential for Vita Coco following a meeting last week with the company’s executive management. According to a report issued by Goldman last week, the New York-based brand may see strong momentum in 2022 for its recently expanded innovation portfolio.
