Hemp Industry Responds To California ‘Readopting’ Emergency Ban
Hemp industry stakeholders respond to the announcement that California has extended its ban of intoxicating hemp products for another three months.
Lukas Southard
Senior Reporter, BevNET & NOSH
Lukas Southard is a Reporter covering the food and beverage industries across BevNET and NOSH.
Posts by Lukas Southard
Do Cannabis Beverages Have An Ecommerce Problem?
Cannabis beverages are at a crossroads where on the one hand it is seeking clearer regulation on the path to broader retail distribution, but aligning with the alcohol industry could sacrifice hemp drinks' key growth driver: ecommerce sales.
Vita Coco: Inventory Recovery Fuels Q4
Vita Coco announced it had recovered from supply chain challenges in Q3 with 20% net sales growth year-over-year in Q4 and a gross margin improvement of 2% for the full year.
Halfday Unveils ‘Mature And Modern’ New Look
Canned iced tea Halfday has unveiled a packaging refresh intended to bring a more mature look to the brand's appearance and better message its better-for-you attributes to consumers.
Tru ‘Aligns Further’ With Polar Beverage On $4.6M Round
Functional drink Tru recently closed a $4.6 million funding round highlighted by further alignment with Polar Beverage who will now be handling manufacturing, distribution and warehousing for the brand.
Coca-Cola: Volume Rebounds in Q4 Amid Headwinds
Coca-Cola closed out FY2024 with organic revenue and operating margin up in double digits driven by higher pricing and moderating volume.
100 Coconuts Power Through Partnerships Approach
Amid the growing coconut water set, 100 Coconuts is using partnerships with recognizable properties like Disney and Inter Miami to drive trial and build repeat customers in the natural channel.
Hi-er Highs: Cannabis Beverages Chase THC Dosage
Hemp-derived THC drink brands and beverage-alcohol distributors are growing closer as they seek to open up new opportunities in higher-dose products as value becomes a more pressing metric for shoppers.
On the RIVR: SoCal Tribe Looks ‘Beyond The Reservation’ With Beverages
The Soboba Band of Luiseño Indians have become one of the first Indigenous groups to launch a beverage brand, bringing their unique identity and history to the functional and hemp-derived THC drink categories.
Feelin’ Free: Botanic Tonics Adds Capital, Invests In Supply Chain
Botanic Tonics, makers of Feel Free herbal supplement shot, has secured a $25 million internal investment to support its testing efforts and to secure its kava supply chain.
Riding The RTD Wave: Hiyo Secures Nearly $20M In Funding
Los Angeles-based adult non-alc brand Hiyo has announced a new $19 million investment which included Series A funds, prior convertibles and a “recapitalization."
ZICO Rising Closes Series B Round
Coconut water maker Zico Rising confirmed the closing of a Series B round that raised $9.1 million of an anticipated $9.5 million. The brand would not comment on the details of the investment round.
FDA Moves To Ban Red Dye 3
The Food and Drug Administration announced it has banned the use of the potentially cancer-causing Red Dye 3 in food and beverage using a 1958 provision of the Food, Drug and Cosmetic Act.
Via Carota Lands Investment To Scale Brand
Via Carota Craft Cocktails is on its way to closing a $17.5 million investment round with the goal of becoming a "category-defining" premium RTD mixed drink.