Drnxmyth Is Shutting Down. Here’s What Went Wrong

Drnxmyth, a pioneering startup in the ready-to-drink cocktail space, is now shutting down. The closure comes after a number of challenges, including struggles to lower margins, a tough pivot from its original e-commerce focus, and difficulties in securing a viable wholesale path.

New RTD Cocktails From BeatBox, Lone River, Tip Top and More

This latest roundup of summer ready-to-drink releases includes new takes on the espresso martini from a Bachelor contestant, malty collaborations from Tip Top, a soju cocktail refresh, and a vodka-spiked sun tea from Owl’s Brew. Here are a few of the newest cocktails on the shelf.

The Pathfinder Lands $3.6M to Fuel National Expansion

A spirits group known for its vodka is pouring more money into its adult non-alc (ANA) business. The Pathfinder, a fermented and distilled non-alcoholic amaro, closed a $3.6 million raise this month led by the Stoli Group, aimed at fueling expanded distribution.

Provi and RNDC Reach Settlement, Nationwide Service Agreement

E-commerce beverage-alcohol platform Provi and Republic National Distributing Company (RNDC) have reached a “mutually satisfactory resolution” of their yearslong legal battle, which has ended with a settlement, the companies announced.

Reyes Adds Four Roses Bourbon, Japanese Imports as Spirits Book Expands

Reyes Beverage Group (RBG) has scooped up several more major spirit brands in California, with Four Roses Bourbon and Fuji Japanese Whisky the latest to join the total beverage distributor in the leadup to Republic National Distributing (RNDC) exiting the state.