News

Taste Radio: When Looking For An Investor, Look For A Friend

This week, we sat down with the co-founders of Vail-based private equity firm Manna Tree Partners and the founders of three portfolio companies, Verde Farms, Health-Ade and Gotham Greens, to explore the relationship between investor and entrepreneur. The discussions revealed how their personal friendship established a baseline for trust and helped create positive outcomes for all involved.

Numilk Turns to Cafes, Homes with Countertop Pivot

Over the past two years Numilk has quietly moved away from that original strategy to focus on developing technology for foodservice applications and now is preparing to scale its footprint and launch at-home devices capable of making nearly any non-dairy milk product consumers desire.

CENTR Brands Closes Roughly $3.5M Via Private Financing

According to a press release, the net proceeds of the new financing will be used for “growth-oriented production, continued expansion of the recently launched online channel, new product innovation, and general working capital.”

A SHOC CEO: “New Blood” Powers $29M Raise

After announcing the closing of a $29 million Series B funding round on Thursday, performance energy drink brand A SHOC is looking to increase brand awareness and fuel its expansion with the support of its expanded athlete investor team, according to CEO Paul Nadel.

Judge Rejects Whole Foods’ Claim That $15 Million Breach of Contract Suit Is Invalid

AtlantaFresh Artisan Creamery’s case against Whole Foods Market is moving forward after U.S. District Judge Thomas W. Thrash denied Whole Foods' motion to throw out a $15 million breach of contract lawsuit. The case alleges the natural grocery chain prematurely and ‘abruptly’ broke a seven-year distribution contract with grass-fed dairy producer AtlantaFresh Artisan Creamery and caused the business to go under.

A SHOC Closes $29M Series B Funding Round

Performance energy drink brand A SHOC announced today it has closed a $29 million Series B funding round backed by existing investors and a roster of celebrity athletes.

World Of Wonder And RuPaul Launch “House Of Love” Collection Of Premium Canned Cocktails And Mocktails

Category is… Cocktails & Mocktails! World of Wonder and RuPaul, the multiple Emmy-award winning team behind the “RuPaul’s Drag Race” global franchise, are serving up the light, love and laughter of “RuPaul’s Drag Race” with House of Love, direct-to-consumer canned cocktails and mocktails. A collaboration among World of Wonder, RuPaul, and SVEDKA VODKA founder Marina Hahn, this line celebrates everyone who lives life with pride. Pre-sales start April 15; sales begin May 20.

Distribution Roundup: Jeng Adds Sarene On East Coast; Alkaline88 Enters Europa

In this week's Distribution Roundup, craft mocktail brand Jeng partners with beer distributor Sarene to service the East Coast, while Alkaline88 targets fitness and nutrition retailers via Europa Sports, plus news from Wynk, RISE Brewing Co., Poppilu, Play Mode and Rowdy Energy.

Spirited Hive Cocktails Named Exclusive Ready-To-Drink Cocktail of Nashville Soccer Club

Spirited Hive, a new line of ready-to-drink craft cocktails made with quality spirits, all-natural ingredients and organic honey, has been named the exclusive ready-to-drink cocktail of Major League Soccer’s Nashville Soccer Club. Debuting May 1 at GEODIS Park, the club’s new home and largest soccer-specific stadium in the U.S. and Canada, Spirited Hive will be available at two standalone bars and throughout the stadium’s bar carts.