Martín writes news articles and feature stories covering the non-alcoholic beverage industry for BevNET. A graduate of Boston University, Martín's previous work has appeared in USA Today, The Boston Globe and The Boston Herald.
Tractor Beverage Company has reached an agreement with Keurig Dr Pepper (KDP) to enter a long-term exclusive partnership for the foodservice channel. KDP will also serve as the lead investor in a $60 million funding round to support expansion of infrastructure and marketing efforts and to grow the brand's awareness among younger consumers.
Facing consistent challenges on the path to profitability, cannabis corporation Canopy has announced a host of cost reduction measures on Tuesday — including slashing around 250 jobs — as it targets hundreds of millions in savings by the end of the fiscal year 2022.
The Greek yogurt maker has abruptly exited the dairy milk business, announcing on Tuesday that it will cease production on its refrigerated Ultra-Filtered Milk, which debuted nationally in February in Whole, Reduced Fat (2%), Skim and Chocolate varieties.
PepsiCo has upgraded its full-year guidance for fiscal year 2022 after reporting a 9.3% increase in net revenue growth during its Q1 2022 earnings call on Tuesday morning.
According to a press release, the net proceeds of the new financing will be used for “growth-oriented production, continued expansion of the recently launched online channel, new product innovation, and general working capital.”
Rather than trying to pull spirits drinkers into a new format, a cohort of emerging brands are looking to make the transition from cocktails to cannabis as smooth as possible.
Family-owned beverage maker Orange Bang and Monster Energy Company have asked an U.S. District Court in California to confirm an interim award of $175 million in damages and a 5% royalty on all future net sales of Bang-branded products after an arbitrator found that VPX was liable for breach of contract and trademark infringement by falsely claiming its products contain creatine.
Dutch bottling conglomerate Refresco has completed its acquisition of three U.S. manufacturing facilities from The Coca-Cola Company, as first announced in August 2021.
Beverage maker Keurig Dr Pepper (KDP) announced a management transition plan that will see CFO Ozan Dokmecioglu take over as CEO from Bob Gamgort, who is set to move into the role of Executive Chairman for two years. The change will become effective July 29, 2022.
Coffee wholesaler Westrock announced today it is merging with Riverview Acquisition, a special purpose acquisition company (SPAC), to go public in a transaction that values the combined company at just over $1 billion.
Earlier this month a jury in Colorado handed CBD and adaptogenic beverage maker DRAM Apothecary a partial victory in a lawsuit it had brought against its former manufacturing partner, Rocky Mountain Soda.
Refrigerated plant-based beverage brand Koia’s cap table continues to grow with today’s announcement that Grammy-winner The Weeknd, comedian Kevin Hart and a wide ranging group of athletes and entertainment figures have made an investment. The new funding will go towards supporting product innovation and retail expansion.
Describing itself as a group of “beverage experts entering the cannabis space as compared to cannabis experts entering the beverage space,” The Drinkable Company is aimed at leveraging its collective experience in beverages to break through the burgeoning $426 million dollar THC drinks market.
NFL quarterback Russell Wilson and digital media guru AJ Vaynerchuk have teamed to enter the RTD beverage market with the launch of Local Weather, a NFT-powered, nootropic-boosted hydration drink brand aimed at Gen Z consumers.
