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."
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
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.
Magic Mind’s ‘Mental Performance’ Elixir Plots Retail Expansion
"Mental performance" shot brand Magic Mind is expanding its functional 2 oz. drinks into more retail doors this year on the back of a strong online subscriber base and a new investment secured last year.
‘The Other White Wine’: Arkansas Sake Maker Plots Future Growth
Arkansas-based Origami Sake is bringing craft sake to American drinkers by pairing its premium-positioned products with transparent packaging callouts, an NA variety and a new distribution partnership.
Saint James Tea Brews A Sports Arena Partnership
Saint James Iced Tea has signed a multi-year partnership at the Barclays Center offering advertising, activation and brand-building opportunities.
A Drink With…Sovereign Brands Founder Brett Berish
Sovereign Brands founder Brett Berish spoke with BevNET about his dynamic approach to brand-building, Pernod-Ricard’s minority investment and why connecting with music has led to a global reach for his brands.
Plant-Based Milk Startup Nutcase Goes All-In on Pro Poker Connections
Flavored cashew milk brand Nutcase is utilizing its ties to professional poker and celebrity streamers to build brand momentum as it opens a $2.5 million seed funding round.
UNFI: ‘Lean Management,’ Efficiencies Fuel Q1 Gains
UNFI reported a net loss of $21 million despite increasing sales 4.2% year-over-year in its first-quarter earnings to $7.9 billion with adjusted EBITDA increasing 14.5% to $134 million.
A Drink With…Asheville Tea Co. Founder Jessie Dean
After Hurricane Helene pulled its production facility off its foundation, Asheville Tea Co. has used "unbridled optimism" as it rebuilds amid a challenging climate for raising new capital.
Mela Enlists NBA Star Josh Hart Amidst Push For Wide Appeal
With the help of new brand ambassador NBA star Josh Hart, watermelon water brand Mela is taking a broad distribution approach targeting independent convenience and mass retailers.
Bawi Closes $3.5M To Scale Operations
Agua fresca maker Bawi has raised a $3.5 million seed round led by a $1.5 million infusion from Brand Foundry as the Austin-based brand scales operations for a distribution push in 2025.
Jones Soda: Seeks New Leadership After ‘Disappointing’ Q3
Jones Soda reported "disappointing" third-quarter earnings Wednesday afternoon as the company experienced setbacks in its distribution and begins to restructure after key leadership losses.