Brad Avery

Brad Avery

Senior Reporter

Brad is a Reporter for BevNET.com.

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Posts by Brad Avery

Natural Food and Beverage Brands Rank on Inc. 5000

Earlier this week, Inc. released the 2019 edition of the Inc. 5000 list — a ranking of the fastest-growing privately held companies in the U.S. Alongside marketing firms, healthcare management, financial services and other service providers, this year’s list featured dozens of natural food and beverage companies, showing the industry’s increasing impact on the American economy.

Reed’s: Supply Chain Issues Lead to Disappointing Q2

While customer demand for Reed’s products has grown, the company was hit by supply chain shortages during the second quarter of 2019 which resulted in an underwhelming growth report and delays on new product launches.

Distribution Roundup: Pillars Doubles Store Count

Pillars Drinkable Greek Yogurt Doubles Store Count; Yerbae Adds 2,000 Stores; MATI Energy Launches Whole Foods Southwest, Focuses on Office Accounts; LIFEAID Partners with Hudson News Distributors; ITO EN Oi Ocha Green Teas to Enter Walmart; HFactor Adds 1,500 Walmart Locations

KDP: Mixed Q2 Results Reflect Post-Merger Headwinds

According to financial results released by the company this morning, underlying net sales grew 2.6% in the second quarter of 2019, driven by a 2.1 increase in volume/mix and a higher net price realization of 9.5%. However, net sales for packaged beverages grew just 1%.

People Moves: Mark Nunn Leaves Nutpods

Mark Nunn Leaves Nutpods, Starts Consulting Business; Humm Hires Matt Witherell as President; Dean Foods Names New CEO; Former Coke Exec Joins Glucose Health Board; FloWater Names New Chief Sales Officer; O2 Sports Recovery Names New VP of Sales

AriZona Partners with Dixie Brands for Cannabis Product Line

Speaking with BevNET, Dixie CEO Chuck Smith said the partnership -- which at the end of its term can be renewed two times for up to four years -- is likely to produce a variety of THC-infused products under the AriZona name, starting with vape pens and gummies.

Powering Up: Gamer-Focused Energy Drinks Target Growing Market

The growth of video game culture has opened the doors for beverage brands able to supply the demand for functional drinks that appeal to the specific needs of gamers. A handful of smaller, innovative energy drink brands have seized on the space to offer authentic, better-for-you options tailored for long, intensive gaming sessions.

Minnesota Moves to Block CBD Beverage Sales

Citing U.S. Food and Drug Administration’s (FDA) guidance prohibiting the sale of CBD-infused food and beverage products, the Minnesota Department of Agriculture (MDA) last week issued cease and desist notices to CBD beverage manufacturers and has embargoed sales for at least one beverage company.

Flow Opens $15.5M Virginia Production Facility

Ontario, Canada-based Flow Alkaline Spring Water opened this month a $15.5 million, 55,000 square foot manufacturing facility in Augusta County, Virginia. Flow founder and CEO Nicholas Reichenbach told BevNET that the facility will act as a new “homebase” for manufacturing of products sold in the U.S. while its Canadian operations will serve the international market.

The Fresh Market Finalizes Comprehensive Beverage Overhaul

Facing declining sales, this past spring The Fresh Market sent out an open call to beverage brands in every category to submit products for consideration. All told, the company received more than 600 products for consideration. Four months later, The Fresh Market officially began its reset after the Fourth of July holiday with over 300 products.

Juice Served Here to Relaunch in Fall

Last summer, Juice Served Here co-founder Greg Alterman took to the defunct brand’s Instagram account to tell its followers that the California-based company would one day return. Now, Alterman says, the day is here, as he plans for a fall 2019 relaunch.

Distribution Roundup: VYBES Expands with Florida Partnership

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

Liquid I.V. Raises $5M in Celebrity-Backed Funding Round

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.

Coke: Zero Sugar Beverages Drive Q2 Growth

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.