New York-based hydration beverage brand HALO Sport announced today that it has received an undisclosed six-figure investment from Alabama-based Molson Coors DSD house Gulf Distributing Holdings Inc., in addition to a distribution partnership to service the Southeast market.
Aiming to create a better-for-you version of a nostalgic childhood staple, Boston-based Slate Milk is tackling the RTD dairy space with a new line of chocolate milks positioned to serve either as a functional protein recovery drink or as a sweet indulgence, depending on the use occasion.
OLIPOP adds Rainforest Distribution, expands Whole Foods and adds Sprouts with exclusive launch of new Cherry Vanilla flavor; So Good So You Adds Sprouts Chainwide with three SKUs of its juice shot line; Ugly Drinks Enters Kroger in Tennessee; NOCCO Adds GNC
After production issues hobbled growth last year, Reed’s Inc. reported in an earnings call yesterday that it has rebounded with 13% net sales growth to $9.5 million in Q1. Speaking with investors yesterday, Reed’s CEO Norman Snyder said the company’s volume growth was driven by distribution expansion and higher velocities.
Jones Soda Co. last month laid off nine employees and furloughed four others, including almost the entirety of its sales team, the company reported in its Q1 2020 earnings call on Thursday. Speaking to investors, interim CEO Jamie Colbourne said the layoffs were a result of financial constraints caused by the COVID-19 pandemic, but offered no further details.
Hydrant, the maker of a line of powdered hydration drink mixes, has raised $5.7 million in a Series A funding round led by Coefficient Capital, the company announced today, bringing its total funding to $8.8 million. In addition to Coefficient Capital, the round also included Rx3 Ventures and prior investors Soma Capital and Sixers Innovation Lab, an incubator program run by the NBA’s Philadelphia 76ers.
Last month, Swig + Swallow rebranded to Cheeky Cocktails Co., dropping its entire product portfolio and the half-full bottle concept in favor of a new line premium syrups and juices, available in eight flavors for $7.50 per 8 oz. bottle.
Oregon-based Riff Cold Brewed announced last week that it has named Adam Hertel as chief revenue officer; DAHlicious Organic announced that it has appointed former Mondelez International senior director Pamela Goldberg as CEO; Goldstein leaves Organic Valley for CMO role at cannabis cultivator and dispensary INSA
Flow Alkaline Spring Water announced today it has closed a $45 million Series D funding round, backed by a group of individual investors that includes pop star Post Malone and former MLB champion Chase Utley. The financing will go towards the company’s goal of scaling distribution and production and doubling its consumer base by next year.
In a webinar, three leaders in the natural grocery space -- KeHE Distributors VP of category management and growth solutions Kate Paul, Independent Natural Food Retailers Association interim CEO Pat Sheridan, and Natural Co-Op Grocers senior director of purchasing Ben Nauman -- discussed how distributors and retailers are responding to the fast-changing environment and what brands can do to stay on top of the crisis.
Despite being one of the established veterans of the functional beverage set, Neuro is still looking for ways to expand its product range. Along with introducing powdered products, the California-based company is this month introducing its eighth SKU, Probucha, a shelf-stable probiotic drink intended to promote gut health.
PepsiCo announced today in its Q1 earnings call that it has entered an exclusive U.S. distribution agreement with Bang Energy, the performance energy drink brand produced by Vital Pharmaceuticals, furthering the conglomerate’s goal of becoming a competitive player in the global energy drink market.
As the world prepares to enter the third month of the COVID-19 pandemic, the CPG industry is still working to adapt to a radically altered marketplace. Last week, three new reports from market research firms IRI, Datassential and Blue Chip, shone light on how consumer behavior has changed since March and what the industry should anticipate as the crisis eases and a new normal for consumer buying habits emerges.
New Hampshire-based NOBL Beverages, working with a group of private equity investors, has acquired defunct energy drink brand MATI for an undisclosed sum and plans to relaunch the organic drink line this year, the company announced today.
