“We’re Coming in Humble”: Juice Served Here (Finally) Revived in SoCal
After a period of fits and starts, SoCal-based premium juice brand Juice Served Here (JSH) is back in limited distribution.
Headlines
The Planting Hope Company Completes IPO With All-Female Leadership Team
Plant-based food and beverage maker The Planting Hope Company announced yesterday that it has completed a $9 million IPO through the sale of 22.5 million shares (CAD $0.40 each) and will begin trading later this week on the Toronto Stock Exchange under the ticker symbol “MYLK.”
DAVIDsTEA Co-Founder Returns to Loose-Leaf Category with Firebelly Tea
Best known as the co-founder of Canadian loose leaf tea brand DAVIDsTEA, David Segal announced today the launch of his latest project, Firebelly Tea, an ecommerce premium tea and accessories brand. Co-founded with Shopify president Harley Finkelstein, Firebelly specializes in high quality teas in sustainable packaging, made without artificial ingredients or flavors.
Taste Radio: They Uncovered A Massive Opportunity. Addressing It Was Both Simple And Complex.
Beckon co-founders Gwen Burlingame and Katy Flannery explained how they aligned patented innovation with addressable opportunity to launch their fast-growing brand of lactose-free ice cream, why respect and humility were keys to a successful brand revamp and why the entrepreneurs are encouraging industry professionals to get mad when presented with a shocking statistic.
Video: Yerbae’s New CMO Aims to Define the Brand Identity
Plant-based energy drink maker Yerbae announced this month the addition of Brian Neumann as its new CMO. This is the first c-suite level position for Neumann, a former brand manager and associate director for The Kraft Heinz Company, where he oversaw national advertising campaigns for the Heinz ketchup brand.
Oatly: Production Challenges Hit Revenue Targets in Q3
Shares of Oatly fell by double-digits earlier today after the Swedish oat milk maker downgraded its revenue growth targets for the rest of this year.
Molson Coors Adds Topo Chico Hard Seltzer Glass Bottles Year-Round in 7 Markets
Molson Coors has begun selling Topo Chico Hard Seltzer in the brand’s iconic 12 oz. glass bottle in seven markets, the company announced.
The Latest New Products: Brew Dr., Kill Cliff Bring the Energy; Alani Nu Sparkles
In this roundup, we highlight new product announcements and releases over the past fortnight, including Alani Nu's first non-energy product, a striking new non-alcoholic hemp based elixir, plus new CBD-infused releases from Rhythm and Kill Cliff.
CELSIUS: Domestic Expansion Fuels Triple-Digit Q3 Growth
Having posted consistent triple-digit retail growth over the past several months, energy drink brand CELSIUS reported quarterly revenue grew 157% to $94.9 million during its Q3 earnings call this week.
Spirits News: Vamonos Riendo Mezcal Ramps Up Distribution; VIDE Expands With Southern Glazer’s
In this spirits news roundup: Vamonos Riendo mezcal ramps up distribution, VIDE expands reach through Southern Glazer’s network, Hecho Tequila reaches new markets through partnership with RNDC, Stoli Group unveils new eco-friendly bar model and Buzzbox displays sustainability features of its zero-waste production facility.
Taste Radio: What This Big Deal Could Mean For You. And, Why It’s Okay To Use The ‘F’ Word.
This week, Taste Radio’s hosts discussed one of the biggest deals in beverage history and what it might mean for future entrepreneurial drink brands, how a David rose up against a Goliath and notable products to cross our desks over the past week. This episode also features an interview with Kyle Peters, who recently made the gut-wrenching decision to shut down his high protein ice cream brand.
Earnings Roundup: Jones, Alkaline Water Co. and Reed’s Each Post Double-Digit Growth
Jones Soda reports double-digit Q3 growth and announces plans to move ahead on cannabis launch with eyes on early 2022 rollout; The Alkaline Water Company is seeing results from its sponsorship deal with Shaquille O'Neal, helping to reaffirm end of fiscal year guidance; Reed's is seeing high demand but also high inflation costs.
Riff Closes $2.5M Series Seed Round
Oregon-based coffee brand Riff announced today that it has closed a $2.5 million series seed round with investors including former NFL tight end Vernon Davis and Continental Grain COO and former Anheuser-Busch president Dave Peacock. This latest financing round opened in 2019 and has provided the startup company with a stream of spendable capital to support its growth initiatives over the past two years.
BioSteel Signs First Collegiate Athlete Brand Partner Azzi Fudd
Sports nutrition brand BioSteel announced today it has signed University of Connecticut women’s basketball freshman Azzi Fudd as its newest brand ambassador and partner, marking the brand’s first college-level NIL (Name, Image and Likeness) deal and bringing together one of the fast-growing brands in sports drinks and a rising star college athlete.