Legal cannabis sales worldwide are projected to rise 22% this year to over $35 billion, up from $29 billion in 2021, according to a report by Colorado-based cannabis market data supplier BDSA released today.
In this edition of Category Closeup, BevNET reporter Brad Avery and a panel of CPG leaders take a look at one of the fastest growing (and most misunderstood) trends currently emerging within the food and beverage space: web3. This disruptive, decentralized technology platform – which includes NFTs, cryptocurrencies, blockchain and Metaverse – has emerged as a new, disruptive tool for companies of all sizes.
ecoSPIRITS, the world’s first low carbon, low waste spirits distribution technology, today announced it has partnered with Park Street to bring its closed-loop distribution system to the U.S. market. The…
FORT COLLINS, Colo. — Encompass Technologies, a leading provider of cloud-based software for beverage and food industry suppliers, distributors, and retailers, announced today that it has received a strategic investment…
Recognized as the most highly awarded mezcal of 2021, The Lost Explorer Mezcal, the sustainably crafted, artisanal mezcal from Oaxaca, has partnered with The Beverage Agency for continued U.S. market expansion.
Fitness energy drink maker CELSIUS enjoyed record growth in its Q4 2021 and full year earnings report released this week, with revenue up 140% to $314.3 million. Domestic revenue rose 186% to $273 million for the year while international revenue was up 17% to $41.2 million from the previous year. Gross profit was up 111% to $128.2 million.
Winter Garden, Fla. – Capsoil FoodTech, by Prodalim, Ltd. innovates the coffee pods space, adding extra functional ingredients to the famous beverage. Its novel platform provides new opportunities for coffee…
Woodford Reserve, the Presenting Sponsor of the Kentucky Derby, is honoring “The Greatest Two Minutes in Sports” with the release of its 2022 commemorative Derby bottle.
Sugar and spice are teaming up as unexpectedly ideal partners this spring in Sagamore Spirit's newest limited-edition rye whiskey: Sagamore Spirit Reserve Series Rum Cask Finish Rye Whiskey, announced by the award-winning distiller.
Freeland Spirits announces a collaboration with the new Bourbon Women Foundation for Women’s History Month. During March, Freeland will donate a portion of all retail bottle sales to the Bourbon Women Foundation and their programs to support women in the industry with education, leadership training and mentorship.
SIG’s first combined Annual and Corporate Responsibility Report for 2021 explores the company’s progress on the Way Beyond Good as part of its core business strategy, highlighting increased uptake of…
Guelph, ON – HOWTIAN, formerly known as Zhucheng Haotian Pharma Co., Ltd (ZCHT), has announced today the reception of their 2nd FDA No Questions GRAS notice for another stevia sweetener…
ZOA continues to be busy in the early months of 2022, announcing this week the launch of its first-ever line extension, a pre-workout energy drink called ZOA+.
Killowen, the small-batch Irish distillery in Northern Island with a cult following, proudly announces the release of the Killowen Bonded Experimental Series.
