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.
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Cannabis Forum 2019: Cannabiniers Plans for Infused World Domination
Speaking at Cannabis Forum 2019, held on June 14 in New York City, Michael Hayford, co-founder/CEO/chairman of Cannabiniers parent company Lighthouse Strategies, shared a look at the company’s ambitious roadmap for growth.
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.
Former A-B Beyond Beer Exec Randy Ornstein to Run goPuff Alcohol Delivery
Former Anheuser-Busch Beyond Beer vice president Randy Ornstein is moving to the retailer side of the desk, taking a job with convenience store delivery company goPuff. Ornstein will be goPuff’s director of alcohol, he confirmed to Brewbound.
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.