The Seattle-based coffee juggernaut unveiled a five-year strategic plan that aims, among other things, to grow revenue by 10 percent and open approximately 12,000 new stores globally by 2021.

The Dallas, Tex.-based husband and wife team Stephen and Allison Ellsworth head back to the Lone Star State with $10,000 in cash and prizes after a comprehensive presentation at the end of the competition’s final round sealed the win.

The opening day of BevNET Live 2016 featured a wide array of speakers and presentations that underscored the importance of creating unique, compelling beverage brands that fulfill specific needs, and then working closely with the right retailers to nurture and develop them further.

The Ft. Lauderdale, Fla.-based company, which includes the highly popular sparkling water brand La Croix in its brand portfolio, saw revenue increase from $364 million to $420 million over the first half of FY2017

In an interview with BevNET, Jerry Reda, the COO of Big Geyser, said his belief in the management and marketing team at Minnesota-based food conglomerate Hormel Foods, which acquired Muscle Milk parent company CytoSport Holdings in 2014 for approximately $450 million, was a key component of the deal.

In this week's edition of Press Clips: Tiger Woods gets Monster money. Coke's small play pays. Jones Soda gets gamer specific. Club Yerba Mate? Coffee, vinegars and functional drinks star at PLMA.

Sources close to the deal have put the purchase price at between $200 and $300 million.

Less than 12 months after scaling up operations by moving into a 1,600 square foot facility, Confluence, makers of canned nitro-infused cold brew coffees, will be adding nearly five times the space when they relocate to a new 10,450 square foot warehouse in mid-December.

In an interview with BevNET, Health-Ade co-founder and COO Justin Trout said the new facility would allow the brand to grow its operations and increase efficiency, but also to reinforce its core ethos.

A recent study of sugar content in kombucha, funded by KeVita, completed by NaturPro Scientific, and shared with the media, reported that products from five out of eight manufacturers tested contained higher levels of sugar that reported on labels.

Speaking during a conference call to announce the results, Celsius CEO Gerry David said that increased sales volume was the underlying driver of revenues during the third quarter.

Proposition V in San Francisco, which calls for a penny-per-ounce tax on sugar-sweetened beverages charged to distributors, passed by 62 percent to 38 percent.

After double-digit growth in Q2, both net and gross sales in Q3 saw modest increases of 4.1 percent and 5.9 percent, respectively, from the same period last year.