Former juice brand Forager Project this week announced it would launch plant-based ice cream — the next step in the company’s goal to become a plant-based “creamery.” The ice cream will debut in five flavors: Vanilla Bean, Bittersweet Chocolate, Cookies and Cream, Salted Caramel and Mint Chip, the line will be available nationwide this Spring.
Last week condiment and beverage brand Acid League announced it had closed $4.75 million in funding — capital the brand says will help it expand its omnichannel sales and marketing strategy as well as continue the company’s push into new categories.
With the launch of the working group Band of Brands, Quinn Snacks founder and CEO Kristy Lewis hopes she can ease some of the burden of implementing of environmentally friendly measures and help food and beverage companies have a bigger impact on the supply chain.
With plans to trade on the New York Stock Exchange (NYSE), Siddhi Acquisition Corp. will seek to raise up to $200 million in an initial public offering (IPO), for a market value of $250 million.
The company has spent the last two years retooling The Hive, its latest emerging brands division. Now Hilo, the first brand to emerge from the incubator, is ready to spread its wings, moving into brick and mortar retail and, this week, launching new products.
An investor in Ilegal Mezcal and Stone Brewing, VMG will maintain a “strategic focus” on alcoholic beverages following Sunday's announcement that it has raised $850 million for its fifth fund, now known as the Growth Fund.
Prelude Growth Partners, a New York City-based fund, announced last week the close of their second fund at $250 million dollars.
The CPG venture fund once known as Accel Foods has combined forces with two other firms to launch a publicly traded “blank check” company to target more consumer brands. Together with Scharf Brothers and Mistral Equity Partners, AF Acquisitions will initially offer 20 million shares at $10 each in an attempt to raise up to $200 million for its initial public offering.
Trying to continue safely supporting the natural products community, media and events company New Hope announced on Thursday the cancellation of the in-person aspect of its annual Natural Products Expo West conference, moving the event to a virtual format
Pioneering e-marketplace Hubba announced last week it would cease operations, cutting brands off from a popular way to introduce and supply their products to small, independent retailers.
On Wednesday, ecommerce platform Good Eggs announced the close of a $100 million round of capital, an infusion that will help the company expand into a new geographic region, build out assortment and bring on more support for the growing business.
Originally scheduled for late June, the Summer 2021 Fancy Food Show, renamed as the Fancy Food Show, will now be held September 27-29 at the Jacob Javits Convention Center in New York City. The show will be the sole SFA in-person event for this year, after the Winter 2021 Fancy Food Show was previously cancelled.
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.