Texas-based Richard's Rainwater is doubling down on its belief that its unique sustainability message can help forge new paths forward in retail. Since 2002, the brand has been bottling and distributing purified rainwater in both still and sparkling varieties, the first company in the U.S. to receive approval to do so.
The massive success of carbonated waters, led by brands like LaCroix, Sparkling Ice and Bubly, has not gone unnoticed by the broader beverage space. Brands in categories such as coffee, coconut water and now tea have all sought to inject fizzy innovations into their respective products.
Fitness energy drink Celsius saw year-over-year revenue grow 73% during the second quarter of 2019, according to financial results released by the company yesterday.
New Age Beverages recorded a 397% increase in net revenue and a net loss of $11.7 million in the second quarter of 2019, according to financial results released by the company this morning.
The latest volley in the ongoing legal skirmish between Monster Energy Corp. and Bang Energy manufacturer Vita Pharmaceuticals/VPX Sports was filed yesterday in U.S. District Court in the Southern District of Florida. The complaint accuses Monster and its executives of engaging in a “conspiracy” to “suppress, obstruct, and conceal” alleged health risks related to consumption of the brand’s energy drink products.
Monster Energy Corp. recorded total net sales of $1.1 billion in the second quarter of 2019, an 8.7% increase from the same period last year, according to financial results released this morning.
International spirits conglomerate Diageo announced today that it has acquired non-alcoholic distilled spirits maker Seedlip. The liquor company had been an investor in the brand through its venture capital arm, Distill Ventures.
Spacestation, the brainchild of Blackeye Roasting Co. founder Matt McGinn, recently opened in northern California with the goal to help startup cannabis beverage brands with both the industry guidance and manufacturing muscle to find success in the nascent category.
Turmeric-based beverage brand Temple today announced that Natur International Corp., a producer of plant-based food and beverages based in the Netherlands, has acquired a controlling interest in the company. Financial terms of the transaction were not disclosed.
This month, San Diego-based Sunday Scaries, which produces CBD infused tinctures and gummy supplements, introduced its first ready-to-drink product: YOLO, a 2 oz. shot that pairs 50 mg of full spectrum CBD with a 200 mg dose of natural caffeine.
Non-dairy creamer brand Nutpods, which markets a line of dairy-free almond and coconut-based creamers, has closed a round of fundraising with VMG Partners for an undisclosed amount, the company told BevNET last week.
Imported Norwegian premium water brand VOSS announced this morning that actor and wrestler Dwayne “The Rock” Johnson has joined the company as an investor and strategic advisor. The 47-year old California native will also serve as the face of a new marketing campaign entitled “Live Every Drop.”
Kombucha maker Health-Ade has secured a $20 million equity investment from The Coca-Cola Company, according to a report from Mergermarket citing two sources familiar with the matter.
After launching with a single cold brew product last year, New Hampshire-based coffee roaster King’s Brew is eager to build out the line this summer by rolling out new flavors, a new pack size and a new design aimed at expanding both its customer audience and retail footprint.