“Share of Buzz” may be one of the biggest challenges facing brands looking to enter the cannabis beverage space, according to a panel discussion hosted by Duane Morris LLP and the American Trade Association for Cannabis and Hemp’s (ATACH) Cannabis Beverage Council on Wednesday.
Premium alkaline water brand ZenWTR has received a Plastic Negative Brand Certification from environmental nonprofit Plastic Credit Exchange (PCX), the company announced today, making it the first beverage producer to achieve the classification.
After establishing a presence in oat milk over the last three years, Chobani is seeking to build on the other side of the divide with the national launch of two new refrigerated dairy platforms this month: Ultra Filtered Milk and Half & Half.
Nestlé Health Sciences has purchased a controlling stake in Orgain, a plant-based organic protein powder, beverage and nutrition brand started by physician and cancer survivor Dr. Andrew Abraham.
Family-owned food manufacturer King’s Hawaiian has acquired Hawaii-based beverage brand Shaka Tea, the company announced today. Terms of the transaction were not disclosed. The deal comes less than two years after the baked goods and restaurant company invested in Shaka as part of a $2.3 million funding round.
Kentucky-based Heaven Hill has acquired premium spirits company Samson & Surrey, picking up a suite of six brands that are tracking $40 million in annual sales, according to a release. Terms of the deal were not disclosed.
After announcing the close of a $30 million Series B funding round yesterday, Olipop co-founders Ben Goodwin and David Lester told BevNET they have set the goal of both doubling the brand’s retail footprint and achieving a $100 million run rate by the end of this year.
Austrian beverage brand Waterdrop has closed a $70 million Series B funding round led by private equity firm Temasek, the company announced this morning.
This week on Taste Radio, we share the inspirational story of Adam Bremen, the founder of fast-growing snack bar brand Keto Krisp, who spoke about how perseverance and a can-do attitude has yielded personal and professional success throughout his life. Also, investor Maxine Kozler Koven joins the episode for the first installment of a new regular series in which she provides her insights and analysis of the food and beverage industry.
The J.M. Smucker Co. completed the process of divesting from its natural and organic and grains businesses today, while Nexus Capital Management, which acquired the rights to R.W. Knudsen, TruRoots and Santa Cruz Organic (beverages only) in a $110 million deal, announced that CPG industry veteran Bobby Chacko will be running the businesses under a single independent company as its chairman and CEO.
Functional soda producer Olipop has closed a $30 million Series B funding round led by Monogram Capital and supported by a roster of celebrity investors, the company announced today. Among the notable names involved in the round are Priyanka Chopra, musician Camila Cabello and the Jonas Brothers – Nick Jonas, Joe Jonas and Kevin Jonas.
Pioneering chia beverage maker Mamma Chia is looking to emphasize diversity and empowerment with a comprehensive rebrand, set to begin rolling out to stores this month. Helmed by creative firm Gestalt Brand Labs, the new look stretches across Mamma Chia’s entire product portfolio.
California-based brand Better Booch has raised $2.5 million in a series seed round to support the expansion of its team, the company announced today, including the hiring of GT’s Living Foods vet Scott Presnall as its EVP of sales and a new VP of sales, John Weaver.
Encouraged by improved gross margins and optimized production efficiencies, premium water brand Flow Beverage Corp. has raised its FY2022 net revenue target for branded products by up to 55%, according to financial results released by the company today.
