Headlines

Brain-Boosting Brand Evermind Raises $1.3M, Launches Online Sales

After closing a $1.3 million funding round, functional beverage startup Evermind is thinking big as it launches online direct-to-consumer sales. Based in Pennsylvania, Evermind produces a line of plant-based “cognitive elixirs” intended to support brain function and mental energy.

Data: Non-Alc Beverage Sales Decelerate Due to Softer Pricing

Non-alcoholic beverage sales remain healthy but decelerated sequentially in the two-week period ending October 21 primarily reflecting softer pricing, according to the most recent analysis of NielsenIQ data by Godman Sachs Equity Research.

Vita Coco: Pricing, Volume Gains Drive +23% Net Sales Gain

We may be heading into the winter season, but it's sunny skies above Vita Coco as the coconut water maker continued to grow in Q3, fueled by a fortuitous combination of pricing and volume increases alongside reduced transportation and supply chain costs.

Taste Radio: Expand Your ‘Luck Surface Area.’ It Helped Austin Cocktails Land Big-Time Partners.

Austin Cocktails co-founders Kelly Gasink and Jill Burns explained how being okay with being uncomfortable and striving to expand their "luck surface area” helped them secure partnerships with Madison Square Garden and Constellation Brands, the latter of which led to an acquisition of their company, and how an unorthodox sampling strategy unlocked new retail and distribution opportunities.

Analysis: Why NACS Left Us Hyped on Energy+

As expected, this month's National Association of Convenience Stores (NACS) trade show was a major showcase for the latest and greatest in the still-evolving "energy+" category, which has seen functional ingredients and fitness trends converge with product innovation (and some familiar candy flavors) to create a dynamic new force within the beverage market. BevNET contributor Joshua Schall tracked developments within the space at this year's show.