One Year In, New Age Beverages Still Aiming For More
Following last month’s acquisition of coconut water maker Coco Libre, the question is not whether New Age can run, but whether it can keep up the relentless pace in 2017 and beyond.
News
WhistlePig Secures $25 Million Credit Facility From JPMorgan Chase
WhistlePig LLC, the premier rye whiskey company, today announced that it received a $25 million asset-based line of credit from JPMorgan Chase, replacing its current ABL and more than doubling its access to liquidity.
BevNET Podcast Ep. 56: Going Next Level With FoodFutureCo
In this edition, we sat down with Gigi Lee Chang, the managing director of cause-oriented food business accelerator FoodFutureCo. Chang, who also founded baby food brand Plum Organics, explained FoodFutureCo’s work in advising and supporting early- and mid-stage food and beverage companies that are providing unique products and solutions for the food system.
Jones Soda Co. Reports Fiscal 2017 First Quarter Results
For the first quarter of 2017, the Company reported revenue of $3.5 million, compared to the prior year’s first quarter revenue of $4.3 million. The Company reported a net loss for the first quarter of 2017 of $197,000 or ($0.00) per share, compared to a net income of $49,000 or $0.00 per share, for the first quarter of 2016.
Soda Tax Update: Santa Fe Rejects, Seattle Considers
Voters in Sante Fe gave the soda industry its first victory over pro-tax campaigners, while efforts to push through measures in Connecticut and Massachusetts stall.
Dean Foods Returns to Plant-Based Products with Good Karma Investment
Originally a private label manufacturer of dairy-alternative milks, Good Karma developed its own branded CPG line in 2014 and expanded beyond beverages to yogurt in late 2016.
MATI Energy Raises $2.5 Million in Equity Offering
According to a U.S. Securities and Exchange Commission filing, the financing is part of a total $3,750,000 equity offering. The round was led by IDEA Fund Partners, Duke Angel Network, and DUMAC, and included contributions from local investors around the company’s North Carolina homebase.
Monster Sees Net Sales Boost in Q1 Earnings
Net sales for the company’s Monster Energy Drinks segment increased 8.8 percent in Q1 to $845.5 million as compared to $777.5 in 2016, while net sales for Monster’s Strategic Brands segment were also up to $68 million as compared to $58.5 million for the same period in 2016.
Kill Cliff Licenses DRYV Sweat Management Tech
Kill Cliff, a sports nutrition company well known in functional fitness for its Recovery Drinks, is expanding its brand into performance athletic apparel. Their debut accessory item is a compression sleeve “powered by DRYV Technology” to assist athletes in quickly wiping and absorbing perspiration on hands and face that can impact performance.
Black Button Distilling to Release Lilac Gin
Black Button Distilling will launch their hand crafted, limited edition Lilac Gin on May 12, 2017, to commemorate the first day of Rochester’s annual Lilac Festival and mark the start of the spring season.
Tequila Cazadores Launches ‘Born In Los Altos De Jalisco’ Campaign
Timed perfectly for Cinco de Mayo, Tequila CAZADORES®, the 100% blue agave premium tequila, launches the first installment of its new platform “Born in Los Altos De Jalisco.”
Soylent Raises $50M in Venture Capital Funding
Los Angeles-based foodtech company Soylent has pulled in some Silicon Valley-grade investors, closing out a Series B financing round today with $50 million in funding, led by GV (formerly Google Ventures), bringing the company’s total funding to $74.5 million.
Voss Water Of Norway Adds Lime Mint Sparkling Water
The team at VOSS conducted extensive research and created an additional, all-natural flavor that is delicious on its own or the perfect complement to a variety of foods and spirits.
Jura 10, a Unique Island Whisky, Launches in U.S. Markets
Jura 10 is handcrafted on the Isle of Jura, a rugged, elemental island nestled a few miles off the West Coast of Scotland. Established in 1810, Jura whisky has been crafted on its island home for over two centuries.