Having stepped beyond its core identity as a CBD drink last summer, New York-based Cloud Water today announced the close of a $2.7 million seed fundraising round set to fuel further expansion into the overall functional beverage space.
An investor in Ilegal Mezcal and Stone Brewing, VMG will maintain a “strategic focus” on alcoholic beverages following Sunday's announcement that it has raised $850 million for its fifth fund, now known as the Growth Fund.
In this gallery, we highlight some of the notable new releases thus far, which features several well-known spirits brands -- including Bombay Sapphire and Ogden's Own -- making their RTD debuts.
In this week's Distribution Roundup, Cann continues its national push with Green Thumb in Illinois, Morning Recovery and GURU makes moves in Canada and Ruby, a new hibiscus water, makes it debut at Whole Foods in the Northeast, plus more.
![Breaking: Nestlé Acquires Essentia [Updated]](https://dg6qn11ynnp6a.cloudfront.net/wp-content/uploads/2020/07/23094038/bevnet_people-moves_essentia_thumbnail-150x150.jpg)
The Swiss conglomerate announced today its acquisition of premium water brand Essentia for an undisclosed fee.
Prelude Growth Partners, a New York City-based fund, announced last week the close of their second fund at $250 million dollars.
Organic hydration beverage brand HALO announced this week that it has received an investment from tennis star Andy Murray, marking its first partnership with a professional athlete. In addition to a financial stake in the brand, which sources reported as being in the six-figure range, Murray will also serve as a brand ambassador.
Best known for its organic and Fair Trade nitrogen-infused cold brew coffees, New Jersey-based NITRO Beverage Co. has announced the closing of a $1.5 million seed investment round led by VERSO Capital, a capital injection that is set to fuel retail expansion and the launch of a new three-SKU line of oat milk lattes in Q2.
Comedian Kevin Hart, who’s films have grossed over $1 billion worldwide, has taken an equity stake in Nutrabolt, the parent company of fast-rising energy drink and powder brand C4.
Office Hours dug into the state of debt and financial planning for entrepreneurial food and beverage companies with our first episode of 2021.
Plant-based energy drink maker teaRIOT has raised $5 million in funding from PearlRock Partners that will help support a broader nationwide expansion, the company announced Tuesday. PearlRock is the sole investor in the round and the firm’s chairman and CEO Brian Kelley will join the brand’s board of directors.
After spending nearly two decades working in marketing at Rockstar Energy, Jason May’s first post-acquisition venture was bound to feel a little strange. He decided to make it Weird. Weird Beverages is a new venture founded by May, who serves as CEO, and two other former Rockstar employees.
The Coca-Cola Company has reshaped the lineup at sparkling water brand AHA, adding two new flavors, pulling two others, and making a stronger callout on its lightly caffeinated SKUs.
Canadian cannabis manufacturer Canopy Growth today announced the online launch of its first CBD-infused drink for the U.S. market: Quatreau, a four-SKU line of flavored zero-calorie sparkling waters containing 20mg of CBD per 12 oz. can.
