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.
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.
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.
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.
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.
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.
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.
