Earlier today, the CPG giant officially announced the launch of Bubly, an eight-SKU line of fruit-flavored sparkling water in 12 oz. cans that will debut at retail this month.

The Townshend Group, the Portland, Ore.-based parent company of Brew Dr. Kombucha, Townshend’s Tea Company and Thomas & Sons Distillery, has sold a minority stake in the company to private equity firm Castanea Partners.

In an interview with BevNET, Wandering Bear co-founder Matt Bachmann declined to identify who led the round, citing an agreement not to publicly disclose the other party.

The specialty channel still aims to serve consumers looking for distinctive and innovative beverage products, but that category has had outsized growth -- which means its role within the channel’s commercial ecosystem is evolving.

Organic coconut beverage brand Harmless Harvest today announced it has raised $30 million in growth capital in an investment round led by Danone Manifesto Ventures, the venture arm of French multinational food and beverage corporation Danone.

In recent months, Big Red's long-term efforts to balance its portfolio with more better-for-you brands in on-trend categories has begun to produce tangible results.

Plant-based food and beverage brand Ripple Foods has received a new $65 million investment, the company’s largest fundraise to date.

The company announced last week that it will debut a new sparkling portfolio to extend its six regional spring water brands, which include Poland Spring, Deer Park, Zephyrhills, Ozarka, Ice Mountain and Arrowhead.

A story published yesterday in The Huffington Post detailed multiple lawsuits filed against executives at Monster Energy, including accusations of sexual discrimination and assault.

To better serve the brand's social mission, Runa is shifting its focus towards selling more product— specifically its growing line of 12 oz. canned “clean” energy drinks.

In sharing their five-year growth forecast for select categories in the U.S. beverage market, market research group Euromonitor reflected wins for some and losses for others.

Guayaki co-founder David Karr emphasized that new investment from Sonoma Brands will allow the company to continue operating independently while supporting and enhancing the brand’s longstanding mission.