Houseplant, the Los Angeles-based cannabis and lifestyle brand co-founded by actor and producer Seth Rogen, is moving into beverages with the U.S. launch of a four-SKU line of hemp-derived THC-infused flavored sparkling waters, available now in select markets and online.
Ninety-five percent of bev-alc brand launches fail, according to Gustavo Aguirre, VP of brand innovation at investment firm InvestBev.
Global spirits giant Suntory Holdings revealed today the creation of a new business unit, Suntory RTD Company North America, focused on malt-based, ready-to-drink (RTD) offerings with the first release expected to hit U.S. retailers in mid-January 2025.
Monica Berg, the co-founder of world-renowned bar Tayēr & Elementary and modern liqueur brand MUYU, talks about how her background in bartending and hospitality shaped the creation and vision for both companies. She also shares her perspective on flavor trends and the drivers of new concepts and how she assesses innovation as it relates to new spirits and cocktail ingredients.
Recoup emerged victorious from New Beverage Showdown 28 yesterday, joining an elite cohort of beverage brands such as Health-Ade and Cann that have also claimed victory in the bi-annual competition.
BevNET Live Day Two featured the founder of Recess breaking down how the brand has established the relaxation beverage category, LifeAID's work to achieve profitability and a chat on the future of investment in beverage.
Flavored cashew milk brand Nutcase is utilizing its ties to professional poker and celebrity streamers to build brand momentum as it opens a $2.5 million seed funding round.
UNFI reported a net loss of $21 million despite increasing sales 4.2% year-over-year in its first-quarter earnings to $7.9 billion with adjusted EBITDA increasing 14.5% to $134 million.
The proposed $24.6 billion Kroger/Albertsons mega-merger was temporarily blocked today by a federal judge, who ruled in favor of the Federal Trade Commission (FTC) suing to block the deal.
KeHE has introduced a new opt-in fee structuring program that allows emerging brands to trade associated, first-year onboarding fees for a consistent 2% flat rate, a move intended to make the distribution powerhouse “easier and more cost effective” to work with.
Six beverage startups emerged from a field of 12 contestants to secure a spot in tomorrow’s final round of New Beverage Showdown 28 at BevNET Live Winter 2024, presented by Coca-Cola North America New Revenue Streams.
BevNET Live Day One brought discussions on the true meaning of category disrupting innovations, a temperature check on the investment and M&A market, a lesson for emerging brands on how to utilize TikTok Shop and more.
At the conclusion of each year, BevNET honors the companies, brands, individuals, products, ideas and trends that have helped drive positive growth across the industry over the last 12 months. The winners of BevNET’s Best of 2024 Awards embody that spirit and drive, combining inspiration with effort, style, dynamism and personality.
BevNET Live Winter 2024 kicked off with a spirits-themed Sunday afternoon featuring panels on the state of the RTD cocktail category and a new victor in BevNET’s annual Cocktail Showdown.
