New Age Beverage reported its best-ever Q1 revenue numbers over the last three months, despite headwinds from the global COVID-19 pandemic. In an earnings summary released today, the Denver, Colo.-based company reported net revenue increased 9.2% during the quarter, reaching $63.7 million versus $58.3 million in the prior year.
OLIPOP digestive tonic, the award-winning soda brand celebrated for its delicious range of refreshing drinks, introduces its fifth flavor, OLIPOP Cherry Vanilla, this May, perfectly timed to the beginning of cherry season at grocery stores nationally.
The Apple Rush Company, Inc., a beverage maker, manufacture of unique consumer brands and CBD and Kratom products and drinks, announced today that it has developed a proprietary water soluble kratom extract.
In preparation for National Nurses Day on May 6, nutpods is teaming up with independent coffee shops around the country to provide free coffee and a carton of nutpods for nurses, medical professionals, and front line responders across the country.
Times may be uncertain, but that doesn’t stop entrepreneurs from hustling. Kristin Bareuther, managing director of First Beverage Ventures, and Jeff Hopmayer, managing partner of Nashville-based wine and spirits investment consultancy Brindiamo Group, shared their tips to navigating the current market.
Jones Soda Co. last month laid off nine employees and furloughed four others, including almost the entirety of its sales team, the company reported in its Q1 2020 earnings call on Thursday. Speaking to investors, interim CEO Jamie Colbourne said the layoffs were a result of financial constraints caused by the COVID-19 pandemic, but offered no further details.
Tattersall Distilling, Du Nord Craft Spirits and Brother Justus Whiskey Company, are collaborating with distributor Johnson Brothers and local grocers Lunds & Byerlys, Cub Foods, Hy-Vee and Kowalskis to donate more than 1 million meals to Second Harvest Heartland this May.
In this interview, BevNET managing editor Martin Caballero speaks with Jonathan Miller, general counsel for the U.S. Hemp Roundtable, to get an update on the group’s efforts to open a path for CBD to be recognized as a legal food and beverage additive by the Food and Drug Administration (FDA).
At a time when the world is shifting online, New York-based Owen’s Craft Mixers has secured an influential new digital partner: men’s lifestyle media company Barstool Sports.
Rabbit Hole is expanding its portfolio of spirits with “Bespoke Gin,” a London Dry Gin aged and finished in the brand’s award-winning “Boxergrail” Kentucky Straight Rye Whiskey barrels.
The massive, 32,000 square-foot multi-purpose facility was constructed from the ground-up with the primary goal of helping Ogden’s Own continue to scale the distillery’s growth fueled by massive regional popularity.
The food and beverage industry continues to step up and lend support to those in need during the COVID-19 pandemic. In this roundup, we highlight brands’ efforts to give back, including Loco Coffee’s “Pay It Forward” snack care package featuring Boston area food and beverage brands and Nutpods’ efforts to support nurses and local coffee shops during National Nurses Day.
Office Hours is returning on Tuesday, May 12 at 3 p.m. ET. Industry veterans Alan Murray and Brad Barnhorn will use examples derived from years of working with brands as board members and operators to offer advice on forecast planning, organizational strategy and leadership during the pandemic, while fielding questions from viewers at home.
Grain & Barrel Spirits has launched Chicken Cock Ryeteous Blonde, its newest limited-edition expression, in partnership with Goodwood Brewing based in Louisville, Kentucky.This marks the company’s second beer barrel finish collaboration with Goodwood.
