Bang Energy CEO Jack Owoc: Company “Not For Sale,” Pepsi Planned to “Destroy” Brand
Bang CEO Jack Owoc talks rumors of a sale to Keurig Dr Pepper, takes aim at Pepsi, and shares why he's not ready to stop fighting Monster.
Martín Caballero
Managing Editor, BevNET
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.
Posts by Martín Caballero
CBD Brand TRIP Closes Fundraise, Releases New Products
UK-based wellness brand TRIP has closed a $12 million funding round as it expands from CBD-infused drinks and oils into gummies.
New Products: Sparkling Coco Water Courtside Leans into ‘Leisure Sport’; Phyll Launches Shelf-Stable Smoothies
Los Angeles-based Courtside is positioning itself as sitting on the sidelines of several categories. Without leaning too far in any specific direction, the product -- a combination of Thai young coconut water, real fruit juice and a touch of carbonation, available in 12 oz. slim cans -- is looking to play well on the court and off.
Vita Coco: Chairman Mike Kirban on Managing Margins, RTD Innovation
After more than a decade spent establishing the category in the U.S. in the shadow of Coca-Cola, PepsiCo and others, in 2022 Vita Coco stands alone as the definitive coconut water leader.
Happy Viking Lands Athletes Serena Williams, Kevin Durant in Latest Investment Round
Happy Viking announced today it has welcomed 10 new members to its cap table, adding a slate of female sports stars including Venus Williams’ sister Serena, pro golfer Michelle Wie, Peloton VP of programming Robin Arzon, and World Cup champion Megan Rapinoe.
Matcha Soda Motto Makes Comeback In Cans
Sporting a new 12 oz. aluminum can package, Motto is returning to store shelves this month after a roughly two-year hiatus, and making its ecommerce debut, as it seeks to rediscover its interrupted momentum within the better-for-you beverage marketplace.
Vita Coco: Net Sales +13% in Q2; Supply Chain Challenge is ‘Commercial Focus’
Net sales of Vita Coco's coconut waters were up 21% during the quarter and have increased 19% over the first half of 2022, co-founder and executive chairman Mike Kirban said during a conference call this morning, outpacing the category (+12%).
Cannabis: Green Monké Lands Cookies Collab; Tilray’s Fresh Hemp Foods Partners With Southern Glazer’s
THC-infused soda brand Green Monké lands Cookies as a partner for sales and co-branded product development. Meanwhile, Canadian cannabis producer Tilray plans to launch CBD-infused beverages in the U.S. through Southern Glazer's this fall.
Non-Alcoholic Beverage Retailer Boisson Lands $12M Seed Round
Non-alcoholic beverage retailer Boisson has closed a $12 million seed round that will support retail expansion in Los Angeles and fuel the launch of a new on-premise business division.
KDP: ‘Balanced Growth’ Boosts Revenue +13.2%; FY Sales Guidance Raised
Keurig Dr Pepper (KDP) has raised its full-year sales guidance to low double-digits after reporting encouraging growth across its business divisions in the second quarter.
Purchase Capital Backs OWYN With Further Growth Funding
Plant-based protein brand OWYN has secured growth investment from Purchase Capital, an affiliate of its parent company United Nutritional Brands, as well as from Hammock Park Capital LLC and PowerPlant Ventures, the company announced today.
Milk Moovement Lands $20M Investment from VMG Catalyst
Canadian dairy supply chain SaaS company Milk Moovement has closed a $20 million funding round led by VMG Catalyst that will help accelerate product development and adoption across North America, the company announced in a press release on Tuesday.
Brands Bring Low-Acid Coffee into Spotlight
While it may represent just a fraction of the larger coffee market, the low-acid segment has become a small but steady profit generator for a handful of rising brands looking to separate themselves from the pack, whether as a central element or as a complementary piece.
Bang: Judge Confirms $175M Arbitration Award, 5% Royalty on Future Sales
Bang Energy maker Vital Pharmaceuticals' motion to vacate a $175 million arbitration award was denied last week, clearing the way for Orange Bang and Monster Energy Company to collect damages plus a 5% royalty on all future net sales of Bang-branded products.