The seventh round of food and beverage brands includes PathWater, The Snack Brigade, Ficks Beverage Co. and Mason Dixie Foods. We also have a special co-host this week, Patrick Schwarzenegger, who invests in and advises emerging food and beverage brands. He'll weigh in on the brands from an investor's perspective and provide feedback.
CBD-infused beverage maker Cloud Water had been preparing to make a broad retail expansion this year, aided by a new partnership with New York DSD distributor Big Geyser. But as the COVID-19 pandemic has slowed expansion in traditional retail channels, the company is adjusting its strategy in the hope that it can still hit triple-digit growth goals.
Kate Farms, a California-based maker of medical grade meal replacement drinks, has raised $23 million in a Series A-1 funding round, the company announced this week, bringing its total financing to $48 million. According to chairman and CEO Brett Matthews, the round will primarily go towards scaling company operations and increasing sales and marketing efforts.
Ready-to-drink coffee brand FORTO has restructured its sales team and eliminated 10 regional management positions within its direct store delivery (DSD) division, BevNET learned this week.
Trey Zoeller, founder of pioneering whiskey brand Jefferson’s Bourbon, spoke about overcoming initial criticism of his experimental methods for aging bourbon, why he doesn’t consider himself a distiller, balancing consumer demand for diversity, consistency and predictability and why he’ll “never create a brand or an expression out of a boardroom.”
Plant-based beverage brand Koia has completed a bridge funding round with investment platform CircleUp Growth Partners that could possibly represent “the last money into the company,” according to CEO Chris Hunter. Details of the transaction were not disclosed.
Seeking a point of differentiation in the crowded cold brew coffee set, Boston-based Back Bay Roasters is shifting its focus from its single-serve line to its bag-in-box format, beginning with a rollout to 200 Walmart stores on the East Coast next month. The move comes as a number of rising cold brew startups have embraced multiserve packaging.
BevNET managing editor Martin Caballero sat down with Greg Steltenpohl, co-founder and CEO of Califia Farms, on a video call to discuss his thoughts on how both investors and brands may be considering the current and post-COVID market landscape.
Following a deluge of other food and beverage show cancellations and delays, the Specialty Food Association (SFA) announced today that its Summer Fancy Food Show will be cancelled. The tradeshow was slated to run June 28 through 30 in New York City.
As consumers stay inside, shopping habits are changing and delivery platforms are adapting to meet the increased demand. Here’s the latest COVID-19 news from around the industry this week.
As the COVID-19 pandemic continues to disrupt daily life, food and beverage brands are continuing to launch new initiatives to give back and support those in need during the crisis. In this roundup, we look at several brands finding new ways to support musicians, food pantries and their own employees.
Amid a portfolio of distressed assets up for sale by Dean Foods, juice maker Uncle Matt’s Organic may not have been the biggest potential get. But that depends on who’s buying: for founder and CEO Matt McLean, who secured a $7.25 million deal to reacquire the brand last week, it’s a chance for a fresh start.
We’re joined this week by Jordan Salcito, founder of acclaimed canned wine brand Ramona, who spoke about the inspiration behind her disruptive concept, why she’s not prescriptive about how and when people should drink the products and how cultivating industry relationships prior to the brand’s launch was critical to its fast start.
The coronavirus outbreak has come amidst a steadily increasing number of CBD and legal cannabis products and. Many brands from both the THC and CBD sides of the ledger quickly found sales growth as consumers rushed to stockpile goods from nearly all CPG sectors, but cannabis suppliers and entrepreneurs are now wondering what their industry will look like once the crisis passes.
