This Week’s New Products: Kids Drinks, Cannabis and a New Look for Cure
Call it the calm before the storm. This week’s wave of new products — which includes new entries in cannabis, energy and kids beverages, among others — is just a…
Headlines
Whipstitch Capital: 2021 Marks Shift in M&A as Financings Spiked
Nutrition, health and wellness financings increased 25% in 2021 as M&A activity returned to pre-pandemic levels, according to the latest Healthy Living Consumer Products webinar by advisory firm Whipstitch Capital and SPINS today.
Download the BevNET & NOSH Insider Booth Planner for Expo West 2022
To help our audience of retailers, investors and brands find our BevNET and NOSH Insiders that are exhibiting, we’ve produced a special pre-show Expo West 2022 Booth Guide featuring the company names and booth numbers of our Insiders, both alphabetically and numerically.
Tilray Takes on HEXO Debt, Opens Path For Equity Ownership
Two of Canada’s major cannabis producers are coming together after Tilray Brands agreed to take on $211 million of debt from HEXO, a resolution that will allow the latter brand to shake off its “crippling overhang” by providing Tilray with "significant equity ownership position,” according to a press release.
Targeting $20M+ Revenue Year, Rowdy Ready to “Burn” With New Release
With the release of its first line extension, Rowdy Power Burn, the brand is aiming to diversify both its consumer base and retail presence, while giving it a lifestyle focus.
BDSA: Global Cannabis Sales Expected to Grow 22% in 2022
Legal cannabis sales worldwide are projected to rise 22% this year to over $35 billion, up from $29 billion in 2021, according to a report by Colorado-based cannabis market data supplier BDSA released today.
Watch: Category Closeup – Web3 & CPG
In this edition of Category Closeup, BevNET reporter Brad Avery and a panel of CPG leaders take a look at one of the fastest growing (and most misunderstood) trends currently emerging within the food and beverage space: web3. This disruptive, decentralized technology platform – which includes NFTs, cryptocurrencies, blockchain and Metaverse – has emerged as a new, disruptive tool for companies of all sizes.
CELSIUS: 2021 Marks Record Growth Year as Distribution Drives Momentum
Fitness energy drink maker CELSIUS enjoyed record growth in its Q4 2021 and full year earnings report released this week, with revenue up 140% to $314.3 million. Domestic revenue rose 186% to $273 million for the year while international revenue was up 17% to $41.2 million from the previous year. Gross profit was up 111% to $128.2 million.
ZOA Introduces First Line Extension With Pre-Workout Supplement ZOA+
ZOA continues to be busy in the early months of 2022, announcing this week the launch of its first-ever line extension, a pre-workout energy drink called ZOA+.
Diageo Opens New $110 Million Illinois Manufacturing Facility to Increase RTD Production
Diageo North America has opened a 225,000 sq. ft. manufacturing facility in Plainfield, Illinois, expanding the company’s production capacity by more than 25 million cases. Diageo Lincolnway, a $110 million project, includes the installation of two new high-speed canning lines, which will support production of both malt- and spirit-based ready-to-drink canned cocktails (RTDs).
Ex-Waterloo Marketing VP Launches Country Luau RTD Cocktails
Just a few weeks after his former colleague Jeff Arnold joined LALO Spirits as its president and COO, another alumnus of Texas-based Waterloo Sparkling Water’s management team is entering the beverage alcohol category with the launch of Country Luau, a new spirits-based ready-to-drink cocktail line set to hit stores later this month.
JuneShine Launches RTD Canned Cocktails In Next Step Toward Becoming Lifestyle Brand
Ready-to-drink canned cocktails from JuneShine began quietly hitting store shelves in Southern California last week and officially launched March 1. The release of the spirits-based canned cocktails marks the first non-hard kombucha product launch from the San Diego-headquartered company.
Taste Radio: When ‘Better’ Is Your Mantra, Everything Is Possible. Just Ask Aimee Yang.
BetterBrand founder/CEO Aimee Yang spoke about how she analyzed the opportunity to create a better-for-you bagel, why raising her first $1 million was both remarkable and lamentable, the fortuitous way she met several investors, what she wanted to convey in branding and package design and why she embraces a “software mindset” when it comes to iteration.
Rowdy Mermaid’s Functional Platform Expands with Adaptonic Clarity Launch
Less than a year after launching its first non-kombucha offering with its functional Adaptonic products, Colorado-based beverage brand Rowdy Mermaid is taking another step beyond its roots in kombucha with Adaptonic Clarity, a line of sparkling drinks made with Lion’s Mane mushrooms.