While flower is still king, the infused cannabis edible market in the U.S. is projected to grow at a CAGR of 17% to reach over $3 billion by 2027. That opportunity helped attract former executive chef and Maine native Zack Squier to the emerging space with Squier's Specialty Edibles, his line of premium, 100mg THC-infused multi-serve elixirs.
NEW YORK – As the global market for mezcal continues to soar, SU CASA MEZCAL launches today in hundreds of retail stores, bars, restaurants, hotels and stadiums in New York,…
CHICAGO — Provi, the largest online marketplace for the beverage alcohol industry, today announced the appointment of Marc Batchan as the Senior Vice President of Strategy and Finance. Batchan previously…
LAS VEGAS — DEMON SPIRITS LLC, maker of Sinfully Smooth DEMON Spiced and DEMON TropiCoco Rum, is teaming up with Kinsbrae Packaging and 17A Distillery in Las Vegas to deliver…
Despite rising inflation and a grim economic forecast, CPGs can still access growth capital thanks to a “much broader toolkit” of alternative M&A options, explained analysts from Bain & Company during a webinar this week.
ALPHARETTA, Ga. – Yéyo Tequila, a premium tequila brand renowned for its exceptional taste and innovative spirit, has launched an equity crowdfunding campaign on StartEngine, a crowdfunding platform co-founded by…
Ocean City, Maryland — Today, Hoop Tea, a line of bright and refreshing spiked iced teas founded on the sunny beaches of Ocean City, Maryland, announces the expansion of their…
This week’s new products roundup, GURU and CELSIUS release fruit-flavored energy drinks, G FUEL teams up with video game publisher Ubisoft to launch a unicorn-inspired flavor and Honeydrop unveils a new line of wellness shots.
Indio, Calf. — For the first time, Aperol, the iconic Italian aperitivo, will be bringing music fans together to make memories of a lifetime at the world-renowned Coachella Valley Music…
Reed’s, Inc. ended FY 2022 on an optimistic note, announcing a 7% increase in full year net sales to $53 million and a reduction in operating losses. Speaking on the company’s quarterly earnings call earlier this week, CEO Norman Snyder reiterated guidance that the company will achieve break-even cash flow in the second half of the year with gross margins above 30% and double-digit sales growth.
This week, the hosts discussed the relevance and sustainability of consumer trends and how to identify fads versus enduring concepts, extolled the virtues of Taste Radio VIP and highlighted two upcoming can’t-miss industry events. This episode also features an interview with Honest Tea/Eat The Change co-founder Seth Goldman, who discussed lessons learned from 25 years as an entrepreneur.
San Juan Seltzer, the Pacific Northwest’s woman-founded, spiked seltzer brand, and Columbia Distributing, one of the country’s largest total beverage distributors, announced a partnership in Washington state.
The Federal Trade Commission (FTC) has begun an antitrust investigation into Southern Glazer’s Wine and Spirits, reviewing how the nation’s largest alcoholic beverage distributor may have favorably priced wine and liquor that advantaged larger retailers, according to Politico, citing three anonymous sources “with knowledge of the probe.”
Boxed Water Is Better – the most sustainably packaged water alternative to single-use plastic bottles and aluminum cans – announced their plans today to partner with One Tree Planted and their Urban Forestry Action Fund, funding a diverse mix of urban forestry projects to help communities achieve tree equity.
