Billed as the next step in the company’s efforts to reduce its PET bottle footprint, PepsiCo today announced the launch of a new internet-connected water cooler system which will debut in June in select workplaces, universities, and hospitality partners.
Canadian cannabis company Canopy is positioning itself to be a prime mover in the U.S. legal marijuana market, last week announcing an agreement to acquire Acreage Holdings in a deal valued at $3.4 billion.
Meal replacement brand Soylent is now available in all 4,378 U.S. Walmart locations in five SKUs, including four-bottle multipacks; New Age Beverages partners with Hudson News Distributors; Bimble makes CBD play in Northeast region; ICONIC Protein goes nationwide with Whole Foods, adds 800 Target stores.
August Vega, the founder and CEO of super-premium nut milk brand MALK, is a “go big or go home” kind of entrepreneur. In an interview included in this episode, she discussed the origins of the brand and why she envisioned MALK becoming a billion-dollar company from the outset. She also explained how MALK has maintained that focus and made strides toward her goal.
Plant-based protein, dairy's efforts to regain relevance, and the continued ascent of CBD and hemp were a few of the major trends to emerge from Natural Products Expo West 2019, according to a show recap presented yesterday by market research group SPINS.
SOL Global, an investment firm focused on the cannabis industry, purchased a 9.8% stake in Jones Soda last month, making it the company’s largest stockholder. SOL CEO Brady Cobb said the firm believes Seattle-based Jones is an undervalued company with strong growth potential.
Three years ago, Giancarlo Chersich purchased nitro-infused cold brew coffee brand Lucky Jack alongside celebrity fitness trainer Jillian Michaels, with a game plan to use Michaels as a megaphone to raise brand awareness in order to increase retail presence in key markets.
Lance Collins, the veteran beverage entrepreneur who founded NOS and CORE Hydration, is returning to the energy drink space with Adrenaline Shoc, a new “Fitness Enhanced Energy” brand that seeks to seize the momentum in a fast-growing segment of the energy space.
Evy Chen is the founder of Evy Tea, a company that makes a line of shelf-stable cold brewed teas using organic ingredients and honey as the sweetener. The brand was one of the first to market making cold brewed teas, setting it apart from competitors.
Clayton Christopher, the founder of Sweet Leaf Tea and Deep Eddy Vodka, told BevNET that he’d left an active role within the CAVU organization earlier this year, although he is continuing to work as a board member and advisor to the brands in his portfolio from CAVU’s first two investment pools.
A serial beverage entrepreneur, Joe Heron’s third act is perhaps his most ambitious. Having founded and successfully sold two brands -- functional drink Nutrisoda and Crispin, a line of premium hard ciders -- Heron is now at the helm of Copper & Kings, a brandy-centric distillery. In our interview, Heron explained why “the number one characteristic of an entrepreneur is stupidity,” and why the company “behaves like an incumbent, not a challenger.”
The American Bottling Company, a subsidiary of Keurig Dr Pepper, has filed a lawsuit against BodyArmor and its founder and chairman Mike Repole, claiming wrongful termination of its contract after Coke took distribution rights and a minority stake in the brand last August.
Sol-ti founder and CEO Ryne O’Donnell said the company has sent between two and five cease and desist letters to other companies marketing SuperAdes within the past 18 months, and as many as 10 times within the past two years.
Los Angeles-based private equity firm Butterfly signed a definitive agreement today to acquire Bolthouse Farms from Campbell Soup Company for $510 million in cash -- roughly $1 billion less than what the soup conglomerate paid when it acquired the brand in 2012.
