Headlines

Celsius: Domestic Revenue Drives Q2 Growth

Fitness energy drink Celsius saw year-over-year revenue grow 73% during the second quarter of 2019, according to financial results released by the company yesterday.

New Age: Revenue Up in Q2

New Age Beverages recorded a 397% increase in net revenue and a net loss of $11.7 million in the second quarter of 2019, according to financial results released by the company this morning.

KDP: Mixed Q2 Results Reflect Post-Merger Headwinds

According to financial results released by the company this morning, underlying net sales grew 2.6% in the second quarter of 2019, driven by a 2.1 increase in volume/mix and a higher net price realization of 9.5%. However, net sales for packaged beverages grew just 1%.

Monster vs. Bang: New VPX Complaint Contains ‘Conspiracy’ Claims

The latest volley in the ongoing legal skirmish between Monster Energy Corp. and Bang Energy manufacturer Vita Pharmaceuticals/VPX Sports was filed yesterday in U.S. District Court in the Southern District of Florida. The complaint accuses Monster and its executives of engaging in a “conspiracy” to “suppress, obstruct, and conceal” alleged health risks related to consumption of the brand’s energy drink products.

Monster: Net Sales Grow, But Miss Projections

Monster Energy Corp. recorded total net sales of $1.1 billion in the second quarter of 2019, an 8.7% increase from the same period last year, according to financial results released this morning.

People Moves: Mark Nunn Leaves Nutpods

Mark Nunn Leaves Nutpods, Starts Consulting Business; Humm Hires Matt Witherell as President; Dean Foods Names New CEO; Former Coke Exec Joins Glucose Health Board; FloWater Names New Chief Sales Officer; O2 Sports Recovery Names New VP of Sales

Diageo Acquires Majority Stake in Seedlip

International spirits conglomerate Diageo announced today that it has acquired non-alcoholic distilled spirits maker Seedlip. The liquor company had been an investor in the brand through its venture capital arm, Distill Ventures.

Gallery: New Mid-Summer Spirits

In this month’s spirits gallery, we highlight a handful of the notable new releases from mid-summer, including a special collaboration between Remy Martin and French metalsmith Steaven Richard, a new limited edition single malt from Laphroaig and several new canned RTD cocktail products.

AriZona Partners with Dixie Brands for Cannabis Product Line

Speaking with BevNET, Dixie CEO Chuck Smith said the partnership -- which at the end of its term can be renewed two times for up to four years -- is likely to produce a variety of THC-infused products under the AriZona name, starting with vape pens and gummies.

Elevator Talk: Altru Boasts Antioxidants and Exotic Flavors

Eugene Gross is the co-founder of Altru Brands, a company that delivers premium and functional flavored waters. The products contain a patent pending blend of antioxidants including glutathione, as well as electrolytes and vitamins.

Cannabis Forum 2019: Building a Fairer Industry

As cannabis entrepreneurs, Willie Mack, co-founder and president of boutique cannabis brand Think BIG, and Rashaan Everett, CEO of vertically integrated cannabis startup Good Tree Holdings, have made addressing systemic issues a fundamental part of their respective business plans.

California Cannabis Beverage Copacker Spacestation Goes Online

Spacestation, the brainchild of Blackeye Roasting Co. founder Matt McGinn, recently opened in northern California with the goal to help startup cannabis beverage brands with both the industry guidance and manufacturing muscle to find success in the nascent category.