VYBES Continues Expansion with Florida Partnership; Olipop Adds 41 SoCal Whole Foods; Cann Now Available Via Eaze; Richard’s Rainwater Adds Whole Foods, The Fresh Market; Elev8 Hemp Signs with Three Distributors
Powdered hydration mix maker Liquid I.V. has raised $5 million in a strategic funding round backed by numerous celebrities, the company announced this week. The round was led by Liquid I.V. CEO Brandin Cohen, who invested his own money in the brand, alongside prior investor and music business executive Scooter Braun.
Speaking to investors and analysts on an earnings call today, Coke CEO James Quincey said much of the company’s North American sales performance was driven by consumer demand for sugar free soft drinks. Retail sales for the company’s no sugar offerings, including Coke Zero Sugar, grew 6% in the quarter.
Since launching in 2017, organic shots maker Ethan’s has built out a portfolio of functional products that includes apple cider vinegar, MCT, and immunity-boosting “fire shots.” So, it was only a matter of time before the company embraced the functionality the shots category is most widely known for: Energy.
CBD-infused snack and beverage maker Weller has raised $3 million in a funding round led by Brand Foundry Ventures, the company announced Friday. As part of the raise, Brand Foundry founder and general partner Andrew Mitchell will gain a seat on Weller’s board of directors.
Bolstered by warm weather, a good economy and the Fourth of July holiday, convenience retailers enjoyed a strong start to the summer season as overall total beverage sales increased 4.8% in the second quarter, according to the latest “Beverage Buzz” survey of c-store retailers by Wells Fargo Securities.
SOUND Names New Sales Team Hires; SodaStream CEO Resigns; Rise Brewing Co. Announces New Director of Sales; Caliva Plots New Cannabis Growth Blueprint with Jay-Z
As the sparkling water category experiences all time highs, LaCroix -- the brand that helped ignite the trend -- should have a lot to celebrate right now. Instead, the 38 year-old brand is struggling to maintain dominance in a marketplace that is rapidly moving past it.
Jones Soda came closer to producing a line of CBD-infused drinks yesterday as Hemp and CBD portfolio company HeavenlyRx Ltd., a subsidiary of SOL Global Investments, announced yesterday it has acquired a 25% stake in the Seattle-based beverage maker.
Despite a strong start by its fitness energy sub-brand Reign, Monster Energy Corp. is still feeling the pressure from insurgent competitor Bang, according to a Wells Fargo Securities analysis of Nielsen data released this week.
PepsiCo exceeded analysts’ expectations in its second quarter earnings report, released today, delivering solid topline growth amid a product innovation wave. Organic revenue for the entire company grew 4.5% during the quarter for a total net revenue of $16.4 billion.
'Big Soda' 5 for 5 In California Regulatory Battle; Big Soda Also Winning The War Against Bottle Bills; Dairy Groups Offer High Schoolers Lattes To Boost Milk Sales; LaCroix Now Legal in Massachusetts; PBR Releases Hard Coffee
Humm Kombucha has cancelled plans to construct a $10 million production facility in Roanoke, Virginia, telling the city that improvements in production and distribution capabilities at its Bend, Oregon headquarters made an East Coast expansion unnecessary.
Cannabis-infused sparkling water maker Sweet Reason has raised $2.5 million in a seed funding round led by venture capital firm Lerer Hippeau. The round also includes investments from River Park, Max Ventures and cannabis investment firm Subversive Capital.
