The Coca-Cola Company announced today it has taken a minority stake in Iris Nova, the parent company of functional beverage brand Dirty Lemon, leading a $15 million investment round that also included former baseball star Alex Rodriguez.
Novamex has acquired Tio Gazpacho for an undisclosed sum, the company announced today, more than a year after the Hispanic-focused beverage marketer first invested in the drinkable soup brand. Primarily an importer of Mexican brands such as Jarritos and Mineragua, Novamex said in the announcement that it is focusing on becoming a growth platform for natural and organic beverages, such as the organic certified Tio Gazpacho.
Peet’s Coffee has taken a majority stake in California-based kombucha brand Revive, giving the growing company a single long-term partner with which to build upon its existing growth. Terms of the transaction were not disclosed.
Anheuser-Busch InBev yesterday announced a partnership with Canadian cannabis company Tilray that is aimed at researching non-alcoholic beverages infused with THC (tetrahydrocannabinol) and CBD (cannabidiol).
In this video from BevNET Live Winter 2018, Sarah Alderson, divisional merchandise manager of chilled packaged goods at Walmart, discusses how the retailer is embracing innovation and seeking to break its monolithic, low-priced reputation by opening the doors to startups and offering a powerful launchpad for maximizing a brand’s value.
Grass Fed Coffee co-founder John Ban aims to offer performance enhancing, functional beverages. The brand makes a non-gmo cold brew butter coffee using MCT oil and grass-fed butter as the key ingredients. It has zero sugar or carbs and is made in small batches.
Mapping this new landscape of cannabis CPG and charting a path forward for the nascent industry was the focus of discussion at the first-ever Cannabis Forum for Food & Beverage, presented by BevNET and NOSH, on Dec. 1 in Santa Monica, Calif.
Danek spoke about how she grew into the role of CEO of Humm and the most important thing she learned along the way. She also explained why launching the brand during a recession actually worked, discussed the importance of Bend, Ore. to the company, and how relationships were key to its landmark deal with Target, one that made Humm just the second national kombucha brand.
In relocating from its current 3,400 sq. ft. production facility in suburban Maryland to a new, 13,652 sq. ft. space in northwest Baltimore early next year, Wild Kombucha aims to further stake its claim on the Mid Atlantic kombucha market.
In this clip from day one of BevNET Live Winter 2018, FORTO founder Neel Premkumar went deep into what’s worked for him, what hasn’t, and his advice to entrepreneurs on navigating the market with a fast-growing brand transitioning from small startup to a national player.
Aloha, a brand of organic, plant-based protein bars and powders, was on the brink of saying goodbye to the market. In an interview, we spoke with Aloha CEO Brad Charron about how he developed and executed a turnaround for the brand after joining the company in 2017, and why addressing issues with company culture was critical to his mission. We also meet with Dean Eberhardt and Andrew Markley, the co-founders of HopTea, who were victorious in BevNET Live’s New Beverage Showdown 16.
While the finalized version of the 2018 Farm Bill, which is expected to receive President Trump’s signature before the close of the current legislative session, represents a watershed moment in the pro-hemp movement, it doesn’t mark the end of the journey.
The HPP juice maker this month announced the opening of a 30,000 sq ft. production facility in the Melbourne, Penn. where the company will manufacture its juice products and which will handle all U.S. distribution when it goes online at February 1.
Venture capital fund AccelFoods announced today it is leading a planned $5.6 million round in Roar Organic. AccelFoods said it has committed $1.25 million, of which $625,000 has already been invested in the better-for-you sports drink. The full round is expected to close in the first week of January.
