Caliper Holdings COO Steps Down, Company Moves Into Licensing
Edible cannabis company Ripple and Caliper Holdings co-founder Jeremy Goldstein is stepping down as COO as the company moves into licensing agreement-based business model.
Headlines
Aura Bora Closes Eight-Figure Funding Round, Eyes Conventional Retail Expansion
Botanical-infused sparkling water brand Aura Bora announced today the closing of a series A funding round that brings its total lifetime financing north of $10 million. The raise was led by Siddhi Capital, with additional participation from other firms as well as Waterloo co-founder Clayton Christopher.
NielsenIQ: Coffee, Sports Drinks Fuel Labor Day Gains
Strong demand for bottled water, sports drinks and ready-to-drink coffee helped accelerate total non-alcoholic beverage sales over the Labor Day holiday earlier this month, as sales grew 13% year-over-year during the two-week period ended on September 10, according to a Goldman Sachs Equity Research Report based on NielsenIQ data.
Seth Goldman’s Just Ice Tea Launches Nationwide
Barely four months after its initial reveal, Eat the Change’s Just Ice Tea is rolling out to stores this week. Seth Goldman, co-founder of Eat the Change and Honest Tea, first announced the new line of ready-to-drink teas in June, only two weeks after The Coca-Cola Company announced it would discontinue Honest Tea by the end of this year.
Taste Radio: $1M To $8M In Less Than 12 Months. How Brazi Bites Thrived Under Pressure.
Junea Rocha, the co-founder of pioneering Latin food brand Brazi Bites, explained why her advisory network was critical to the company’s formative years, the pros and cons of appearing on “Shark Tank,” why innovative brands need to scale quickly or risk being left behind and why she describes herself as “the opposite” of entrepreneurs that are great at raising money.
Daytrip Launches Prebiotic Sodas, First Non-CBD-Infused Line
As the slow grind of regulatory bureaucracy continues to stunt expansion of the CBD beverage market, infused sparkling water and gummy maker Daytrip is the latest brand to branch outside of the hemp category with its new product line: Daytrip Prebiotic Soda.
People Moves: Andrew Guard Launches Right Coast Brands, Alex Galindez New Confidence Beverage CEO
Culture Pop founder Andrew Guard launches a new beverage industry incubator-manufacturing venture, entrepreneur Wyley Owens moves into an account executive role at beverage co-packer Wildpack and industry executive Alex Galindez takes the helm at Confidence.
Under CEO Stangler, Brew Dr’s Focus on Fundamentals Sets Stage for Growth
Last summer, CPG industry veteran Dan Stangler was named CEO of Brew Dr Kombucha, passed the mantle from Matt Thomas, who founded the company in 2003. Now, a little more than a year later, Stangler said the brand’s fundamentals are in order and he’s ready to drive national expansion.
Distribution: Once Upon a Coconut Splashes into Retail with Big Geyser; Odyssey Elixir Executes Omnichannel Strategy
New York-based coconut water brand Once Upon a Coconut splashed into retail through a new partnership with Big Geyser, the brand announced last week.
Flow Water: Q3 Earnings Bounce Back From Q2 Poor Showing
Flow Beverage announced a reversal of fortune in its Q3 2022 earnings reporting a consolidated net revenue of CAN$12.7 million in Q3, a 79% improvement from the Q2 and 36% higher than Q3 2021.
This Week’s New Products: National Recovery Month-Inspired Yerba Matés & Glow-Up Kombucha
In this week’s roundup of new products, CLEAN Cause takes inspiration from National Recovery Month, REDCON1 splashes into the energy drink set and Health-Ade gives consumers a glow up with its new kombuchas.
Vanessa Dew Named Interim CEO of Health-Ade Kombucha
Co-founder Vanessa Dew has been named interim CEO of Health-Ade Kombucha, following the departure of chief executive Jack Belsito earlier this summer, the company has confirmed. Co-founder and Chief Mission Officer Daina Trout told BevNET this week that Dew is stepping into the position after Belsito chose to move on from the brand after spending about a year as its CEO.
Tentative Deal Reached to Avert Railroad Strike
A tentative deal between the remaining two railroad worker unions and the rail carriers has been reached. Early Thursday morning, U.S. Department of Labor Secretary Marty Walsh tweeted that ”a tentative agreement that balances the needs of workers, businesses, and our nation’s economy” had been agreed upon by the rail companies and union negotiators.
GURU: Net Sales -3.75% in Q3; Driving Brand Awareness is ‘Ultimate Goal’
Quebec-based energy drink brand GURU Organic Energy Corp. reported quarterly net revenue of CAD$7.7 million, down 3.75% from CAD$8 million in 2021, in its fiscal year Q3 earnings report yesterday.