Tinley Beverage Company, maker of a line of cannabis-infused spirit and cocktail-inspired drinks, has completed work on its West Coast production facility, where it will provide turnkey co-packing services for other cannabis beverage brands.
The Alkaline Water Company Inc. told investors this morning it anticipates newly acquired premium water brand AQUAhydrate will bring “high level synergies” between the two businesses that will expand both brands’ respective U.S. retail footprints.
Convenience stores are capping off a strong summer with 4.1% growth in Labor Day beverage sales, according to Wells Fargo Securities’ latest Beverage Buzz c-store retailer survey released today. The survey collected responses from retailers representing nearly 20,000 convenience stores nationwide. Overall beverage sales, including alcoholic drinks, were up 4.1%.
LaCroix maker National Beverage Corp. saw year-over-year revenue drop 9.9% to $263 million in the second quarter, marking the Florida-based company’s fourth consecutive quarter in which it underperformed analyst expectations. The diminished year-over-year results reflect a subdued summer for LaCroix.
Stratus Group Hires CORE Hydration Veterans to Lead Sales Growth; KOPU Names Richard Harrison as Director of Sales; Owl’s Brew Expands Advisory Board; Waterloo Co-Founder and Former CMO Launches CANTEEN Spirits; BevMo! Names Matthew Champion as SVP and CMO; Pawan Kalra Named CEO at Pressed Juicery
Despite outpacing past product launches, sales of Monster Energy Corp.’s fitness line Reign appear to be plateauing after six months in the market, according to a Wells Fargo Securities analysis of Nielsen data released today.
Innovation Ventures, LLC, the Michigan-based maker of 5-Hour Energy shots, is no stranger to flexing its legal arm in order to protect its brand name. Having engaged in several trademark infringement lawsuits over the past 10 years, the company is now targeting two more energy shot makers it claims are treading on its intellectual property.
Two years after its launch, hydration beverage brand Basis has built a presence in its home market of Colorado. As it works to develop traction in natural channel retailers, the startup is now looking to break out of the Rocky Mountain region and make a play to disrupt the hydration space.
Ginseng Up, a Massachusetts-based producer of ginseng beverages, has invested $2 million into upgrading and expanding its co-packing facilities, including the launch of a new product development arm intended to provide turnkey services for beverage startups.
Wandering Bear Executes on Expansion Plans; Solt-ti Enters Walmart; Phocus Adds CVS, Grocery Chains; Sunwink Adds Whole Foods; Come Back Daily to Open Pop-Up Location
Seeking to move from coffee into the broader energy space, Minnesota-based Caribou Coffee announced today a new line of caffeinated sparkling beverages called Bou-Sted, set to launch this fall across its 600-plus cafe locations nationwide.
As scientific understanding of hydration and diet regimens improves, and the dynamics of locker rooms change to hand more power to nutritionists and dietitians, sports drink makers are now turning to innovation to cover all the bases for their ever-evolving consumers.
Premium, imported bottled water brand Icelandic Glacial announced today that it has raised $66 million in new financing to fuel U.S. and international growth. The funding includes a $35 million investment from BlackRock’s US Private Credit team, as well as $31 million in new equity issued to new and existing investors.
CBD-infused drink mix maker OLEO, Inc. announced today it has raised $1.5 million in a convertible note round. Speaking to BevNET, OLEO co-founder and CEO Skyler Bissell said the financing served as a “bridge round” between its 2016 series seed and a yet-to-be-determined future funding round.
