Monster Energy Co. has filed a motion in a California federal court seeking an additional $167 million in its false advertising suit against Bang producer Vital Pharmaceuticals (VPX) on top of its $293 million jury verdict awarded earlier this year.
Non-alcoholic drink brand hiyo increased sales tenfold last year and beat its total sales from January 2022 in the first two days of 2023 saying it could have doubled sales during the month if it had more supply to offer.
Combining coffee, non-alcoholic beer and upcycled barley rice protein, the brains behind Super Coffee and Athletic Brewing believe they’ve created a product their core consumer base never knew they needed.
Drink Weird, the Texas-based beverage startup created by a trio of former Rockstar Energy executives, feels the time is now right to move out of a soft launch period and into a full-on rollout of its expanded and rebranded line of teas, waters and yerba mate drinks.
BevNET’s director of community Melissa Traverse joined Taste Radio hosts Ray Latif and Jacqui Brugliera for a new episode in which the trio spoke about a new source for valuable industry info, ways that our team can connect with and highlight Expo West exhibitors and a high-profile CEO’s shocking exit. They also spoke about a hot brand’s big retail win, luscious limited-time offerings and had a frank chat about the Whole30 diet and intermittent fasting.
In this week’s new products lineup, PlantBaby and Treehouse Naturals release new nut milk innovations, Minute Maid expands its line of Latin American-inspired Aguas Frescas and GHOST teams up with gaming lifestyle brand FaZe Clan.
When plant-based nutrition brand Soylent began in 2013, it adopted a tech-influenced approach, dubbing its products Soylent 1.1, Soylent 2.0, and so on. Now, after its acquisition by CPG portfolio company Starco Brands earlier this week, the food and beverage maker is in stable release.
Keurig Dr Pepper (KDP) expects gross margins will expand in the coming year as pricing and inflation moderate, especially in the company’s coffee segment. It finished 2022 with $14 billion in net sales, a 10.8% growth year-over-year compared to 2021.
The FDA published long-awaited product labeling guidance this week that allows brands to identify plant-based milk products as “milk,” while recommending that they include an additional nutritional claim that indicates how the product compares to dairy milk.
In January, route-to-market and incubator in the cannabis business Petalfast added SIP Elixirs to its brand portfolio, broadening its reach to include cannabis beverages alongside edible companies like Wana brands and a variety of flower companies. Just last week, it also began to work with Massachusetts-based, veteran led edibles company Freshly Baked.
Martignetti Companies, a New England distributor of wines and spirits, announced yesterday an agreement to acquire Hartley & Parker Limited, Inc. in Connecticut, expanding the company's footprint in New England.
Boston-based Harpoon Brewery is expanding beyond bev-alc and into cannabis, announcing the launch of Rec. Weed, a THC-infused non-alcoholic beverage.
Publicly traded consumer products company Starco Brands, Inc. has acquired plant-based food and beverage maker Soylent, completing the brand’s evolution from red hot food-tech startup to cross-category CPG platform.
Venture firm Pronghorn, an initiative focused on boosting Black entrepreneurship in spirits, announced today new investments in four companies: Anteel Tequila, Common Ground Spirits, Delta Dirt Distillery, and Old Hillside Bourbon Company. Terms of the deals were not disclosed.
