California-based CBD company Kadenwood announced this week it has raised $50 million in funding, with $20 million allocated to an upcoming national media campaign to drive consumer awareness for its portfolio of CBD brands, including the recently acquired Healist Advanced Naturals and Social CBD.
Many food and beverage makers often look to adjacent categories for their first brand extension. However, caffeinated bar maker Verb is making a larger leap for its first foray beyond bars: EDM, which stands for Energizing Drink Mix (not electronic dance music). The new line promises consumers a jolt of energy from caffeine, not a bass drop.
Acai food and beverage brand Sambazon announced yesterday it had secured a $45 million investment from NextWorld LLC through its growth equity fund NextWorld Evergreen LP. The company will use the new funding to grow its omnichannel presence, expanding across retail and ecommerce while also growing its cafe business.
U.S. Senators Tammy Baldwin (D-WI) and Jim Risch (R-ID) last week reintroduced bipartisan legislation that would ban plant-based dairy alternative products from using dairy-related terms on their labels.
For 32 million Americans who suffer from food allergies, access to allergy-safe food is a necessity. But that doesn’t mean that it’s available on an equal basis, particularly for minority or low-income consumers.
High-protein snack maker Powerful Nutrition announced last week it has combined with consumer products investing platform MMG Consumer Brands to form Powerful Brands, a CPG holding company focused on launching and acquiring health and wellness companies.
The brewing industry produces 9 million metric tons of spent grain annually, and rather than discard it, Anheuser Busch InBev-backed ingredient supplier EverGrain is giving the nutrient-rich brewing byproduct a second chance as a food and beverage ingredient.
The United States Department of Agriculture (USDA) and Health and Human Services (HHS) today released its 2020-2025 Dietary Guidelines for Americans (DGAs). This edition of the guidelines marks the first time the USDA organized its recommendations by life stage, outlining dietary needs from birth to older adulthood.
The program offers 10 to 20 Asian and Pacific Islander (API) early-stage entrepreneurs one-on-one mentorship from industry leaders and investors, along with a weekly keynote seminar series led by industry advisors and a complimentary PR and marketing package.
The New York State Department of Health on Wednesday issued proposed regulations for the processing and retail sale of cannabinoid hemp products in the state, which included standards for CBD and other hemp extracts as additives in food and beverage.
While most launched pre-pandemic, online zero-waste grocery platforms have experienced accelerated growth, like many e-grocers have, since COVID-19 hit the U.S. in March and many shoppers quickly shifted their grocery shopping online.
Cascara tea company Peloton is enlisting public support for its fight against a petition filed by fitness technology company Peloton Interactive to cancel its trademark for coffee-based beverages. The tea company launched a GoFundMe page this week to assist with legal costs as it prepares to challenge a Petition for Cancellation the fitness company filed with the United States Patent and Trademark Office last week.
After evolving from frozen to shelf-stable and instant bone broth offerings, Bare Bones has unveiled its latest pivot: SuperPowder collagen-enhanced instant creamer. The launch comes as the brand plans a further push into beverage products; with the ultimate goal to become a broadly recognized premium nutrition company.
Sitting at the intersection of two consistently growing beverage categories, the addition of CBD to sports drinks has emerged as a rising trend over the past few years, offering functionality beyond the hydration benefits typically found in athletic performance beverages.