In an unprecedented step, the FDA on Tuesday announced via a news alert that it had sent a warning letter to Whole Foods Market for “engaging in a pattern” of receiving and selling misbranded store brand food products that did not carry appropriate allergen warnings.
Two CPG powerhouses are coming together to launch a special purpose acquisition company (SPAC) targeting the health and wellness space. Today, holding company HumanCo alongside venture firm CAVU filed an S-1 form with the U.S. Securities and Exchange Commission, with the end goal of launching a SPAC known as HumanCo Acquisition Corp.
Hamdallah joins the company after serving as global chief innovation officer at Ocean Spray Cranberries, where he led R&D and the company’s incubation program, The Lighthouse.
NotMilk will debut in Whole and 2% Reduced Fat varieties, which will retail for $4.99 for a 64 oz. carton. Like NotCo’s other products, the milk was developed by matching the animal proteins found in traditional milk to their “ideal replacement” among “thousands” of plant-based ingredients.
Bolthouse's new line of Plant-Based Protein Keto beverages, which debuted in August, are part of the company’s move to go deeper into the plant-based market, targeting flexitarian consumers who want to consume more healthy, sustainable options.
In an email today the Specialty Food Association announced the cancellation of the organization’s 2021 Winter Fancy Food Show, which was to be held in San Francisco on January 17-19. The annual trade show and conference highlights food and beverage producers targeting the specialty food channel.
Globally recognized pastry chef and celebrated chocolatier Oded Brenner is back, and now doing “exactly what I want to be doing” with a new, cacao-focused brand platform called Blue Stripes.
Media company New Hope announced today that trade show Natural Products Expo West 2021 will be rescheduled, moving from March 2021 to May 24- 27 2021.
Pete Speranza, former business development principal at 301 Inc, General Mills’ venture arm, left the company on August 14 and will join venture firm Unovis as an operating partner.
The organization will start with three initiatives: a mentorship program, monthly community building events and a digital community on LinkedIn.
Last month Melissa Facchina, founder and CEO of outsourced operations firm Siddhi Ops, and the Finn Family, the backers of Martstar investments, announced the close of their first fund under the newly formed firm Siddhi Capital. Facchina will also partner with the father and son duo of Brian Finn (the former CEO of Credit Suisse USA) and Steven Finn to launch a special purpose acquisition company (SPAC) as well.
It’s the summer of special purpose acquisition companies (SPACs). Also known as blank check companies, SPACs have increasingly become appealing for the ability to quickly create category leaders and getting capital infusions into brands that need them. The past week has seen two such investment vehicles from industry experts.
As the assets of dairy conglomerate Dean Foods continued to be divided up following the company’s bankruptcy filing, plant-based dairy brand Good Karma announced today that it has repurchased the majority of the company once owned by Dean and also closed a “significant” amount of capital through new strategic partners.
U.S. Customs and Border Patrol (CBP) announced yesterday that it had collected a $575,000 fine from stevia producer Pure Circle USA, a division of PureCircle Limited, for importing sweetener that was made by prison labor in China.