Colorado-based kombucha maker Rowdy Mermaid has raised $3.5 million in a Series A round led by private investment firm KarpReilly, the company announced today. Rowdy Mermaid plans to build the brand’s presence in the conventional and convenience channels, but will also focus on adding food service accounts including schools and universities and vending.
Despite a 5 percent increase in organic sales in the fourth quarter, The Coca-Cola Company’s poor 2019 outlook resulted in the company’s largest single day drop in stock price since 2008 following its Q4 and full year earnings report.
GLOE Brands will add thousands of new locations for its Organic GLOE Sparkling line; Celsius adds Anheuser-Busch InBev DSD distributors; Origin Almond partners with Rainforest and KeHE; Koia adds 530 new Target stores.
Report finds emails between the Centers for Disease Control and Prevention (CDC) and The Coca-Cola Company; Coke apologizes for Delta Airlines napkin ads; Maine coffee shop claims trademark infringement on "CBD Coffee"; Forbes profiles Natalie's Orchid Island Juice Company
The Coca-Cola Company announced last week its first flavor extension for the flagship line in 12 years: Orange Vanilla, available in original Coke and Coke Zero Sugar varieties, launching nationwide this month. The flavor extension is one of several recent innovations for Coke’s core CSD products over the past two years.
Cannabidiol (CBD) retailer Ceres Natural Products announced on Tuesday it has acquired maple water maker Tretap for an undisclosed sum.
Confusion over the legal status of cannabidiol (CBD) as an ingredient in food and beverage products was highlighted again this week after state health departments in Maine and New York took actions to crack down on the popular ingredient.
While poor weather conditions led to a slower fourth quarter for convenience stores last year, total beverage sales grew 2.9 percent and retailers are optimistic for strong growth throughout 2019, according to the latest “Beverage Buzz” survey of c-store retailers by Wells Fargo Securities.
Non-alcoholic beverage and snack sales across all retail channels grew by 7.9 percent in the four-week period ending January 26, according to an analysis of Nielsen data by Wells Fargo Securities. Analysts attributed the growth to “favorable New Year’s timing” and strong pricing for carbonated soft drinks (CSD).
LIFEAID Goes Chainwide with Walmart, Plans Triple Growth in 2019; CELSIUS To Expand in China with Royalty License Agreement; Oral I.V. Partners with McLane Company; Circle City Kombucha Expands in Chicago; Hoist Adds Two Kroger Divisions
ROAR Organic Hires Bart Silvestro as COO and President; William Lane Named Brand Director at Runa; Lain Hancock Leaves KDP; Former VOSS CEO Bayern Enters Cannabis Space; Bill Lange Joins Oxigen
Food and beverage industry lobbying groups filed comments with the U.S. Food and Drug Administration (FDA) today, ahead of this afternoon’s deadline for public response on the use of dairy terminology for plant-based products.
Ásmundsson said the drinks are designed to be filling and to provide energy without a crash or “jitters.” The line includes three varieties: Iced Mocha, New Orleans, and a Keto Latte. The drinks are set to launch in March.
Boston-based tech startup Bevi, which produces a line of “smart” beverage dispensing systems sold in office and food service channels, has raised $35 million in a Series C round led by Bessemer Venture Partners. Past investors Horizon Ventures and Trinity Ventures, who had led the company’s Series A and Series B rounds respectively, also participated in the Series C.
