There are three investments on the books following its initial, $18 million raise (including Bonafide Provisions and Hope Foods), which closed in January. One more is scheduled to follow in short order.
Suja, a leading brand of organic HPP beverages (and part of Coca-Cola’s investment portfolio), is using this product line to expand into one of the more nascent beverage categories: drinking vinegars.
After visiting 70 cities in three continents, traveling over 18,000 miles and mixing up more than 12,245 caipirinhas, the Developing Minds Foundation, an outstanding charity that builds schools and supports education programs in areas affected by violence and poverty, landed in to Rio to deliver $51,429.51 for Brazil’s two largest favelas, Rocinha and City of God.
Earlier this month, PepsiCo introduced a new packaged format for its Stubborn line of craft sodas. Scott Finlow, vice president of innovation and insights for global foodservice at PepsiCo said that the company views craft beverages as an important part of the company’s future, telling Fortune that “Craft is not a fad. It is here to stay.”
Suja Juice has previously been awarded accolades such as the Forbes Most Promising Companies in America, ranking number #2 in 2015, up from #3 in 2014.
Made with organic apple cider vinegar, cold-pressed fruits and vegetables, and four billion vegan probiotic cultures, the line extension is set to debut at Whole Foods Markets across the country beginning in September.
After Day One of BevNET Live’s summer session took a look at the plight of the entrepreneur and an exploration of some of the keys to finding success in the beverage business as an upstart, Day Two began with a data-driven dive.
The news that beverage incubator L.A. Libations had spawned Aloe Gloe as an independent brand partially funded by Coke’s Venturing & Emerging Brands Group (VEB) means a new stage for both entities.
Creative re-use is starting to rule the day.
At the top of 2016, Forbes published its own “30 Under 30” list, which included Annie Lawless, co-founder of Suja Juice, and Maria Littlefield, co-founder of Owl’s Brew cocktail mixers.
Weiland Jr., discussed his career pivot during a call with BevNET last week, where he described a longtime passion for the military as “a calling that’s been burning inside me for the last few years.”
The “Cold Pressure Verified” program establishes a set of criteria for implementation of HPP, a non-thermal safety method that uses high pressure to preserve packaged foods and beverages. Participating companies will be able to use a Cold Pressure Verified seal on labels and other marketing material.
Proceeds from the round, which was raised on equity crowdfunding platform CircleUp, will go toward new sales and marketing initiatives designed to expand placement and awareness of Tio Gazpacho’s high pressure processed, ready-to-drink soups.
Health-Ade co-founder Justin Trout told BevNET that the funding will be used primarily for the build-out of a new 35,000 sq. ft. production facility in Torrance, Calif.
