Constellation Brands is simplifying its approach to the cannabis industry as the company announced plans today to convert its common shares of Ontario-based Canopy Growth Corporation into new non-voting exchangeable shares. As part of the move, the alcohol conglomerate will consolidate all its U.S. cannabis assets into a single holding company, Canopy USA.
Dan Lourenco and Ryan Hughes, co-founders of fast-growing lifestyle sports nutrition and energy brand Ghost, explained how emphasizing transparency and community has enabled the company to achieve massive growth, the outsized impact of a cold email on the trajectory of their business and how they are gradually becoming more comfortable with success.
While doing research for her book, Movers and Shakers: Women Making Waves in Spirits, Beer, and Wine, writer and bartender Hope Ewing got the inspiration to start her own company. In 2019, she and two co-founders launched Vervet, a farm-to-can sparkling cocktail line, in Los Angeles.
As the relaxation beverage category has expanded, multiple brands within the space have made a concerted effort to diversify their ingredients beyond a single source, whether CBD, L-theanine or another additive.
Dietrich Mateschitz, the co-founder of pioneering energy drink brand Red Bull and owner of the Red Bull Formula One racing team, has died at the age of 78. Mateschitz’s death was announced Saturday by officials for the company’s Formula One team during the United States Grand Prix in Austin, Texas.
Keurig Dr Pepper (KDP) announced today the appointment of Sudhanshu Priyadarshi as its new chief financial officer, effective Nov. 14.
BeatBox, makers of a ready-to-drink (RTD) alcoholic fruit punch, just hit a $200 million valuation at the close of its $15 million raise aimed at expanding its national retail partnerships.
After filing for Chapter 11 bankruptcy protection earlier this month, Vital Pharmaceuticals (VPX), the Florida-based maker of Bang Energy, continued to face challenges both in court and in the market this week, while also advancing its long-awaited web3 ambitions.
One week after Kroger's proposed $24.6 billion deal to merge with Albertsons, opposition is growing amid antitrust concerns from stakeholders and government officials.
BevNET spoke with Ken Hall, Thaiwala's VP of National Foodservice Sales, about how the drink is positioned within the market, its omnichannel approach of building inside and out of foodservice, and a potential move into single-serve ready-to-drink products.
In this week’s roundup of new products, Jones Soda Co. expands its Mary Jones brand of cannabis-infused sodas, Dr. Pepper takes inspiration from tailgate season for its latest LTO and UK-Based non-alcoholic aperitif maker Everleaf makes the jump across the pond.
CBD sparkling water brand Day One Beverages has closed a round of funding led by Arizona-based family office Vincere Capital. The financing, which was stated to be a multimillion dollar round, closed in June and was announced this week.
Nestlé has reached an agreement to fully acquire Seattle’s Best Coffee, a dry coffee brand owned by Starbucks, four years after the Swiss conglomerate obtained global marketing and distribution rights to the brand.
Although growth of non-alcoholic beverage sales remained “robust” during the two-week period ending October 8, volume declines and softer pricing growth led to decelerated overall sales, according to an analysis of NielsenIQ data by Goldman Sachs Equity Research.
