Jones Soda Sells to Canadian Portfolio Co. for $99M
Canadian wellness products portfolio company Simply Better Brands Corp. (SBBC) has reached an agreement to acquire Seattle-based craft beverage brand Jones Soda for nearly $99 million.
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Category Closeup – Allergen-Friendly Food and Beverages
In this episode of Category Closeup, NOSH editor Carol Ortenberg sits down with a panel of CPG founders, executives and experts to take a look at food and beverage trends in the allergen-friendly (or free-from) category.
Poppi Names Chris Hall as CEO
Prebiotic soda brand Poppi announced today it has named former Talking Rain chief executive Chris Hall as CEO, effective the first week of May. Hall comes to the Texas-based startup brand just weeks after concluding a 15-year run across various roles at Talking Rain.
Goldman Sachs: Inflation Strains Show in Q1 Convenience Channel Survey
The convenience channel began to see early signs of inflationary strain on consumer spending during Q1, according to the latest Beverage Bytes survey from Goldman Sachs Equity Research. According to the report, based on feedback from retailers representing nearly 42,000 c-stores around the country, beverage sales rose sequentially during the first quarter of the year.
Elevator Talk: Volley, Devil’s Foot Beverages, Take Two Foods, Soultopia Plus, Get Supr
Watch founders and CEOs introduce their brands and provide a recap of recent news and updates. This week's special co-host is Melissa Facchina, the co-founder and general partner of Siddhi Capital, who shared her thoughts, questions and feedback with the participants.
Web3 Roundup: Taika’s Mateverse Goes to Mint; gmgn Announces Cereal Brand
Functional coffee brand Taika’s collaboration with web3 creative community Friends with Benefits (FWB) is coming to fruition this week as the California-based brand announced it will release 400 NFTs for mint on Thursday in support of its limited edition yerba mate launch.
Nielsen: Price Pressures Spark Early Spring Slowdown
Declining volumes depressed growth in total non-alcoholic beverage sales during the two-week period ended on April 9, according to an analysis of NielsenIQ data by Goldman Sachs Equity Research.
Dry Shelves: Retailers Build Out Non-Alc Adult Beverage Sets
Between non-alcoholic spirits, beers, wines and mocktails, the options for sober and sober curious consumers have boomed over the past few years, but the rise of this new category has also presented a challenge for retail buyers – raising questions of where in the store these zero proof products belong.
Taste Radio: When Looking For An Investor, Look For A Friend
This week, we sat down with the co-founders of Vail-based private equity firm Manna Tree Partners and the founders of three portfolio companies, Verde Farms, Health-Ade and Gotham Greens, to explore the relationship between investor and entrepreneur. The discussions revealed how their personal friendship established a baseline for trust and helped create positive outcomes for all involved.
Numilk Turns to Cafes, Homes with Countertop Pivot
Over the past two years Numilk has quietly moved away from that original strategy to focus on developing technology for foodservice applications and now is preparing to scale its footprint and launch at-home devices capable of making nearly any non-dairy milk product consumers desire.
CENTR Brands Closes Roughly $3.5M Via Private Financing
According to a press release, the net proceeds of the new financing will be used for “growth-oriented production, continued expansion of the recently launched online channel, new product innovation, and general working capital.”
Marketing: Anna Konkle and Maya Erskine Team Up With AHA, Pepsi Launches “Scarves Up for Good” With LAFC, and BODYARMOR and DRNX Score With Top Athletes
In this marketing roundup, Pepsi partners with The Los Angeles Football Club to launch a community giveback program, PEN15 stars Maya Erskine and Anna Konkle bring the LAHAughs with their new sparkling water campaign and BODYARMOR and DRNX Adaptogenic Waters score big with top athletes.
Profile: Spirits Investor 99 Proof Partners Seeks Well Crafted Stories
In August, 99 Proof plans to open a members-only lounge that, with a minimum annual investment, will let partners work, socialize, and get exposure to investment opportunities while enjoying craft spirits.
A SHOC CEO: “New Blood” Powers $29M Raise
After announcing the closing of a $29 million Series B funding round on Thursday, performance energy drink brand A SHOC is looking to increase brand awareness and fuel its expansion with the support of its expanded athlete investor team, according to CEO Paul Nadel.