Headlines

Molson Coors Innovation Update: Topo Chico to Expand Nationwide

Molson Coors Beverage Company will expand distribution of its Topo Chico hard seltzer nationwide, beginning in January 2022. Molson Coors launched the hard seltzer brand in nine states and seven metro areas earlier this year, in partnership with Coca-Cola Beverages, according to a press release.

HOP WTR Pushes East with Constellation Brands’ Backing

Nootropic-infused sparkling water brand HOP WTR announced this week it has achieved 500% growth in its first full year on the market, with its retail footprint now reaching 17 U.S. states. Launched as an online exclusive last year, California-based HOP WTR is now available in all BevMo! locations in California, Washington and Arizona.

Wildwonder Closes $2.1M Seed Round, Moves to Cans

San Francisco-based functional beverage maker Wildwonder announced this week that it has closed a $2.1 million seed round which will fund the brand’s expansion on the West Coast and beyond.

Odwalla Brand Acquired by Investment Firm

Investment firm Full Sail IP Partners announced today it has acquired the Odwalla brand from The Coca-Cola Company. Terms of the transaction were not disclosed. This is the first acquisition for Connecticut-based Full Sail, which aims to be “an acquirer of leading brands” with a “sector agnostic” approach to building its portfolio, according to CEO Alan Kravetz.

GURU Organic Energy Reports Q3 Earnings

Almost a year since going public, Canada-based GURU Organic Energy reported a revenue increase of 22% to $8 million during its third quarter earnings call today for the period ending July 31, 2021.

Taste Radio: What Does It Take To Go From ‘Good’ To Great? Consider Your Audience.

Matthew Parry, founder and CEO of canister-packaged snack brand The Good Crisp, spoke about how he has carefully navigated comparisons to Pringles, how the company’s channel and merchandising strategies have evolved to reach more mainstream consumers, and how he’s balancing rapid growth with a conservative approach to hiring.

10 New Whiskeys To Try This September

From double-decade old bourbon to a trilogy of “Pacts,” the spirit industry saw a wide array of limited-batch whiskey innovations this month.

Kite Flies Into U.S. Market with Adaptogenic Botanical Beverages

Having spent the past year building its Canadian business and navigating a series of supply chain disruptions, Toronto-based sparkling botanical beverage brand Kite is making its U.S. debut this month in California and the Midwest.

Flow Water Sees Revenue, Losses Rise in Q3

Flow Beverage Corp. continued its rapid sales growth in Q3, reporting a net revenue increase of 79% to $12 million compared with the previous quarter, even as net losses widened for the quarter and for the year.