![Tilray Acquires Majority of Debt and Warrants in Cannabis Retailer MedMen [Updated]](https://dg6qn11ynnp6a.cloudfront.net/wp-content/uploads/2021/08/18144047/Tilray-MedMen-970-150x150.jpg)
Canadian cannabis producer Tilray Inc. has acquired a majority stake in dispensary chain MedMen in a $165.8 million deal, the company announced today. As part of the deal, Tilray will acquire 75% of the California-based cannabis retailer’s outstanding secured convertible notes.
Arryved, the leading point-of-service (POS) provider for craft food and beverage establishments, has partnered with Craftpeak, which develops advanced ecommerce websites for craft beverage producers.
The spirit industry saw a variety of innovations across the whiskey and tequila categories this month along with a handful of limited-edition expressions and new brand debuts including Fleur Charmante and Calirosa. Check out the gallery below for the latest from WhistlePig, Gin Lane, Compass Box and more.
Global producer and distributor of alcoholic beverages, Amber Beverage Group (ABG), has appointed Vangelis Smyrlisto the role of Managing Director EMEIA and GTR. Vangelis has a wealth of previous experience in international spirits and will manage direct sales of ABG brands in Europe, the Middle East, India, Africa (EMEIA) and throughout Global Travel Retail (GTR).
DD Beverage Co. a leader in the Energy Drink and Sports Nutrition categories, announced the upcoming launch of their third energy drink brand, GRIZZLY Energy.
Taika, the “stealth health” brand developing scientifically supported, perfectly calibrated and highly functional blends of coffee, tea and adaptogens designed to inspire the creatives of the world, announced the launch of its Matcha Latte.
blk. International, maker of blk., the nation’s leading premium functional water infused with fulvic minerals, is pleased to announce its plans to expand national market share through its recent partnership with Acosta, an integrated sales and marketing services provider in the consumer packaged goods (CPG) industry.
Alongside healthcare, financial services and software companies, dozens of food and beverage brands were ranked on Inc.’s annual 5000 list of the fastest-growing privately-held companies in the United States. Released today, the 2021 list features an array of companies with a direct-to-consumer focus, highlighting the pandemic’s lasting impact on consumer shopping habits.
Amidst the release of Q2 earnings reports, Reed's faces supply chain challenges, while Zevia posts its best-ever sales quarter. Elsewhere, Laird Superfood sees changes behind the scenes as president/CEO Paul Hodge steps down.
BioSteel Sports Nutrition Inc. (“BioSteel”) marked another milestone in its mission to provide Clean. Healthy. Hydration. to the world, announcing a multi-year sponsorship as The Official Sports Drink of the Los Angeles Lakers.
Fresh off his title defense for the middleweight belt in the UFC, Israel Adesanya has partnered with Kill Cliff to become the first UFC fighter to have his own energy drink with a major brand. Tekilla Kiwi is the latest innovative flavor in Kill Cliff’s powerhouse IGNITE product line that packs 150mg of clean green tea caffeine with a sugar free blend of B-Vitamins and Electrolytes.
Corralejo Tequila, imported by Infinium Spirits, released its limited-edition 25th Anniversary Extra Añejo Tequila, a tribute to 250 years of tequila-making tradition and 25 years of Corralejo Tequila, a brand built on Mexican history and culture. There are only 1,600 bottles available of this rare liquid, aged five years in Templeton Rye Whiskey Barrels.
This week we’re joined by Teresa Tsou and Jeff Martin, co-founders of Pipsnacks, which markets classic salty snacks made with a base of heirloom corn. The pair spoke about the brand’s unique positioning, how they navigated a tumultuous funding round and a key partnership that has boosted its innovation strategy.
Sagamore Spirit introduced its first-ever line of ready-to-drink canned craft cocktails in three vibrant flavors: Black-Eyed Rye, Honey Paloma, and Lemon Tea Fizz.
