Snowing in Space Enters Whole Foods Mid-Atlantic; Nitro Beverage Co. Signs with Rainforest Distributing; Petal Plots Nationwide Expansion Plan; Vita Coco Adds Life Time Locations; BUBBL’R Grows Midwest Distribution
The company generated $8.4 million in net sales during the first quarter, up 2% from 2018. Sales of the core Reed’s Ginger Beer line were up 15% while craft soda Virgil’s grew 46%. Gross profit increased 9% to $2.5 million and gross margin increased 185 basis points to 30%.
Arpit Bhopalkar is the co-founder and CEO of Bhoomi, a mission-based brand that makes cold-pressed sugar cane beverages. The company hopes to change consumers’ perception of sugar cane and it’s health benefits, while supporting minority farmers in the U.S. and focusing on sustainability.
Better-for-you booze? It may sound like an oxymoron, but a growing cohort of healthier alcoholic beverages have been finding a receptive audience in recent years. That’s certainly the case for Boochcraft, a three-year-old hard kombucha brand that’s made waves in its home market of Southern California.
Last month, United Natural Foods, Incorporated (UNFI) announced it will cease to carry topical CBD products, a potential deal killer for companies charged with driving large quantities of the hot button ingredient across state lines.
With the proliferation of brands entering the oat-based category, establishing a point of difference can be difficult -- but oat-based drinkable yogurt maker Hälsa (formerly Simpli) is aiming to create space for itself by highlighting its nutritional content and ultra-clean production process.
After spending much of last year restructuring and rebranding its beverage product portfolio -- alongside a December merger with CPG wellness company Morinda -- New Age Beverages Corporation reported triple-digit growth in the first quarter of this year, according to an earnings report released Friday.
According to documents from Amsterdam District Court in The Netherlands shared by Monster last night, the energy drink maker’s Dublin-based European subsidiary, Monster Energy Limited, has received a partial judgement in its complaint against Bang B.V., which markets and sells VPX’s Bang energy drink in Holland.
In this episode, Patagonia Provisions managing director Birgit Cameron spoke about the origins and development of the brand, a food and beverage offshoot of outdoor apparel giant Patagonia. She also discussed the opportunities and challenges of being aligned with its parent company and why its uncommon innovation strategy is critical to its overarching mission.
For the first time small companies with revenues under $1 billion make up more than half of IRI’s New Product Pacesetters report, which was released yesterday.
Keurig Dr Pepper (KDP) reported a net sales increase of 2.5% for the first quarter of 2019, remaining on track to hit its long-term growth targets despite taking a hit in packaged beverages. All four segments of KDP’s business — Packaged beverages, Beverage Concentrates, Latin American Beverage and Coffee Systems — registered an increase in underlying net sales.
Underscoring the momentum behind the nascent cannabis beverage category, San Francisco-based startup K-Zen Beverages yesterday announced it has secured $5 million in seed funding from venture capital group DCM prior to its projected launch this summer.
Jack Doheny is the co-founder of Bold Brew Coffee, a brand that aims to fuel active lifestyle consumers with organic coffee drinks. The company produces classic cold brew, nitro cold brew, and oat milk lattes in cans.
Seeking to help kombucha brands deliver a consistently non-alcoholic product, Bare Bucha and Stout Tanks have partnered to create new technology they say will not only cut fermentation time in half, but also keep alcohol levels below the 0.5% ABV legal threshold without pasteurization, dilution, or microfiltration.
