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.
Ayr Wellness Inc. has entered into a binding letter of intent to acquire 100% of Massachusetts-based Cultivana, the parent company of cannabis-infused beverage brand Levia, for $20 million.
Adaptogen-powered, plant-based latte maker Taika has announced the close of a $2.2 million seed round of funding from a diverse group of experienced investors, as well as the launch of its fourth flavor: Matcha Latte.
Amidst the release of Q2 earnings reports, Reed's faces supply chain challenges, while Zevia posts its best-ever sales quarter. Elsewhere, Laird Superfood sees changes behind the scenes as president/CEO Paul Hodge steps down.
Vita Coco parent company All Market is continuing its expansion beyond coconut water with the launch of a new line of protein-infused waters called PWR LIFT.
Super Coffee has closed a $106 million Series C fundraising round, the company confirmed today. The round was led by Maryland-based venture group Durable Capital Partners and included participation by beverage industry veteran Clayton Christopher and former Peet’s Coffee CEO Dave Burwick, as well as another tranche from Anheuser-Busch InBev (AB InBev).
In this week's distribution roundup: Pure Green onboards with GoPuff, Organifi makes its retail debut, Notco expands distribution in natural and conventional grocery and Southern Glazer’s adds more CBD with Mad Tasty.
Dutch bottling conglomerate Refresco has reached a deal to acquire three U.S. manufacturing facilities from The Coca-Cola Company, the company announced yesterday.
In this week's People Moves: Tractor Beverage Co. announced it has repositioned key figures within its executive team, cannabis beverage maker purejuana announced the appointment of Paulo Sobral as Sales Leader, Bert Naverrete joined ZX Ventures as General Partner, Head of Growth Equity Fund and Basemakers brings Faithe Rayns on as Chief Operating Officer.
PepsiCo has taken a major step back from the juice business through the sale of Tropicana, Naked and its other juice brands in North America, the company announced this morning.
Keurig Dr Pepper (KDP) is raising its annual guidance from 4% to 6% to 6% to 7% after seeing broadly positive momentum in its Q2 2021 earnings report, the company announced today. Net sales during the quarter rose 9.6% to $3.14 billion and adjusted operating income grew 8.3%.
Celebrity backed spirits-based RTD The Finnish Long Drink has announced the closing of a $25 million funding round led by New York-based investment management firm Neuberger Berman.
In this Ingredients Roundup: NURA introduces organic 5-HTP supplement CLEANMOOD, an unexpected frost causes Arabica coffee prices to plunges, , Blue California and Conagen promote energy and healthy aging through new ingredient, Welcome Dairy Holdings Acquires North Star Processing and Monin Introduces Energy Boost.
Functional drink brand Kill Cliff has announced a partnership with Southern Glazer’s Wine & Spirits to distribute the company’s line of CBD-infused beverages nationwide.
Cold-pressed juice brand Suja Life has been acquired by investment group Paine Schwartz Partners, the company announced today. Financial terms of the deal were not disclosed.
