As pandemic restrictions begin to lift and consumers slowly return to “new normal” habits, the U.S. CBD market is expected to see a strong recovery throughout 2021 while laying the groundwork for the market to return to its “explosive and volatile growth” by 2022, according to a recent report by Chicago-based intelligence firm Brightfield Group.
Oatly is going public at $17 per share, according to a report in the Wall Street Journal, which cited sources familiar with the matter. The company offered 84.4 million shares and the IPO raised $1.43 billion, giving the company a valuation of roughly $10 billion.
This month’s episode of Category Close-Up: Product Showcase focuses on the CSDs/Soda category and features interviews with Top Note American Mixers, United Sodas of America, Corina’s Switchy, LA Libations (Mad Vine), Casamara Club and Soda Bossa.
Acai food and beverage brand Sambazon announced yesterday it had secured a $45 million investment from NextWorld LLC through its growth equity fund NextWorld Evergreen LP. The company will use the new funding to grow its omnichannel presence, expanding across retail and ecommerce while also growing its cafe business.
With warmer weather approaching, spirit brands have launched a variety of refreshing and low calorie canned-cocktails for consumers to enjoy throughout the summer months. Check out the gallery for the latest RTD offerings with new brands debuts and everything from sparkling margaritas to whiskey lemonade.
This summer’s Speed Dating events will be even more frequent, as well as more focused. Our upcoming events will be 60 minutes instead of two hours to free up calendars and allow participation in multiple events. Each event is also now focused on a particular fundraising stage and/or category of products to lead to more qualified conversations.
Filed by Sens. Ron Wyden (D-OR), Rand Paul (R-KY) and Jeff Merkley (D-OR), the Hemp Access and Consumer Safety Act calls for “hemp, hemp-derived cannabinoid, or substance containing any other ingredient derived from hemp” to be exempted from established prohibitions currently on the books.
London-based CBD-infused drink brand TRIP has closed a $5 million funding round ahead of its U.S. launch this week.
As it prepares to enter the energy drink category with two new performance brands, sports nutrition company MusclePharm Corporation has brought on former Rockstar Energy EVP of sales and distribution Joey Cannata as a partner to build out its national distribution network.
Actresses Nina Dobrev and Julianne Hough are best known for their work in films such as “Lucky Day” and “Rock of Ages” along with popular television shows “The Vampire Diaries” and “Dancing with the Stars.” Now, they’re aiming to be equally recognized in the wine business as the co-owners of premium low-calorie wine brand Fresh Vine Wine.
Nearly a year after being formally separated from Dean Foods, plant-based food and beverage company Good Karma is beginning a new chapter. The Colorado-based company announced today a brand refresh accompanied by the launch of a new line of refrigerated plant-based milks and a direct-to-consumer ecommerce platform.
Swedish plant milk maker Sproud announced this week that it has hired industry veteran Bill Lange as its General Manager for North America, responsible for overseeing the brand’s retail growth strategy.
Gatorade is introducing Gatorlyte, a new three-SKU line of rapid hydration sports drinks that is set to enter convenience stores this summer.
Less than 18 months after it debuted in the U.S. market, The Coca-Cola Company announced today it will discontinue its Coca-Cola Energy line in North America. Launched in January 2020, Coca-Cola Energy was available in original cola and cherry flavors with full calorie and zero sugar variants. Each 12 oz. slim can contains 114 mg of caffeine, guarana and B vitamins.
