After years of effort by activists including multiple legislative attempts, California Governor Gavin Newsom signed Assembly Bill 45 into law yesterday, creating a regulatory framework to immediately allow for the legal sale of CBD-infused products.
Whether in the form of licensed partnerships or by creating their own outlandish candy inspired flavors many in the rising sub-set of “performance energy” drink brands have found that their consumers have a serious sweet tooth. Also, Java Monster unleashes Cold Brew, Pepsi strategizes around energy and Vita Coco keeps tweaking.
National supply chain management company Bettaway announced the opening of a new logistics management center to complement the recent construction of its 1.2 million square-foot AriZona Iced Tea production and distribution facility in Keasbey, New Jersey. The Keasbey campus is now the largest production and distribution center in AriZona Iced Tea’s network.
Truss CBD USA, a joint venture by Molson Coors Beverage Company and cannabis products maker HEXO USA, announced today plans to expand its Veryvell brand of CBD beverages across the country following its launch in the Colorado market last year.
Analysts from Goldman Sachs Equity Research were overwhelmingly positive about Keurig Dr Pepper’s (KDP) long term growth potential following the company’s Investor Day webcast last week. In an analysis of the webcast, Goldman Sachs said the company’s “upbeat outlook delivered on our expectations” to accelerate topline growth and increase earnings.
All channel sales remained strong and accelerated across most non-alcoholic beverage categories, increasing 14.4% year-over-year during the two-week period ending on September 25, even as volumes continue to migrate back toward on-premise, according to an analysis of Nielsen data by Goldman Sachs Equity Research.
Despite a “volatile supply chain and cost environment,” PepsiCo reported double-digit growth in its Q3 earnings report today, with net revenue in the quarter up 11.6%. According to the company, organic revenue was up 9% in the third quarter. Earnings per share (EPS) was $1.60, down 3%, while core EPS was $1.79 (up 5.5%).
Boston-based canned chocolate milk brand Slate announced this week that it has raised $3.3 million, adding to a previously announced seed round that now closes at $5 million. Founded in 2018 by Manny Lubin and Josh Belinsky, Slate produces a line of protein rich chocolate milks marketed towards adult consumers.
In this episode, we explored the respective paths of four early-stage and emerging brand owners, from brand ideation and early struggles to social strategies and retail planning. The conversations highlight the perspective of founders who are attempting to reframe legacy categories via next-generation brands and products.
In this roundup we take a look at how new regulations could impact food labeling and deceptive advertising lawsuits and break down two cases against beverage companies that recently brought the attention of the Security and Exchanges Commission.
![Karma Water Partners with Canopy Growth for CBD Line [Updated]](https://dg6qn11ynnp6a.cloudfront.net/wp-content/uploads/2021/10/04154348/Canopy-Thumb-150x150.jpeg)
Karma Water is the latest established beverage brand to enter the CBD space, announcing today the launch of Karma CBD Water, a new line developed in collaboration with Canopy Growth.
Cannabis sales in the U.S. are predicted to surpass $24 billion this year, a growth of 38% compared to 2020, according to BDS Analytics (BDSA), a Colorado-based global cannabis market research firm.
Living Essentials, LLC announced today its first push outside of shots into the full size energy drink category with the launch of 5-Hour Energy in a 16 oz. can format. The new line is debuting simultaneously this week at the National Beer Wholesalers Association (NBWA) convention in Las Vegas and the National Association of Convenience Stores (NACS) show in Chicago.
In a recent story in Philadelphia magazine, La Colombe co-founder and CEO Todd Carmichael teased details of his next career move: launching Rebel Beverage Labs, a sparkling water company focused on developing a “platform where you can play within mouthfeel.”
