Despite a “volatile supply chain and cost environment,” PepsiCo reported double-digit growth in its Q3 earnings report today, with net revenue in the quarter up 11.6%. According to the company, organic revenue was up 9% in the third quarter. Earnings per share (EPS) was $1.60, down 3%, while core EPS was $1.79 (up 5.5%).
Crisp & Crude, an Austin-based, female-owned business, is entering the canned beverage market with two collections of non-alcoholic cocktails -- Hemp + Botanical Terpenes and Botanical Terpenes -- with 20 mg of broad-spectrum hemp extract in each Hemp + Botanical Terpenes cocktail, and while the Botanical Terpenes cocktails are hemp-free they still harness the same mood-lifting benefits.
Boston-based canned chocolate milk brand Slate announced this week that it has raised $3.3 million, adding to a previously announced seed round that now closes at $5 million. Founded in 2018 by Manny Lubin and Josh Belinsky, Slate produces a line of protein rich chocolate milks marketed towards adult consumers.
1 year after launching the first award-winning Black-owned Afro-Caribbean cannabis beverages in California, today, SHOKi Beverages Corporation announces immediate nationwide availability to pre-order uninfused versions of their popular and award-winning non-alcoholic cannabis cocktail mixers known as “SHOKiFree”.
Ritual Zero Proof is launching its liquor replacement to the masses by rolling out its Gin, Whiskey and Tequila Spirit Alternatives at Whole Foods Market stores across the country.
In this episode, we explored the respective paths of four early-stage and emerging brand owners, from brand ideation and early struggles to social strategies and retail planning. The conversations highlight the perspective of founders who are attempting to reframe legacy categories via next-generation brands and products.
Coffeehouse and distillery cultures collide with the announcement of the launch of Kentucky Coffee, a new premium coffee-flavored whiskey, today. Kentucky Coffee infuses the invigorating aroma and bold taste of coffee with premium whiskey, breaking the mold in the flavored spirits category with its quality and versatility.
Jarritos, the authentic Mexican soft drink brand, announced three recipients for their newly launched Flavored By Culture Fund. The grant will financially support lunch truck owners and entrepreneurs’ business goals and educational endeavors.
Devil's Foot Beverage Company, the Asheville-based craft soda maker specializing in farm-to-can beverages, is excited to announce a new partnership with AlaBev, Alabama’s premier food and beverage distributor that has serviced the entire state of Alabama for over a century.
In this roundup we take a look at how new regulations could impact food labeling and deceptive advertising lawsuits and break down two cases against beverage companies that recently brought the attention of the Security and Exchanges Commission.
Youtooz, the company turning nostalgia and internet culture into amazing products that people love, announced that it has expanded into the food and beverage industry with its new product line, Toozies.
![Karma Water Partners with Canopy Growth for CBD Line [Updated]](https://dg6qn11ynnp6a.cloudfront.net/wp-content/uploads/2021/10/04154348/Canopy-Thumb-150x150.jpeg)
Karma Water is the latest established beverage brand to enter the CBD space, announcing today the launch of Karma CBD Water, a new line developed in collaboration with Canopy Growth.
Cannabis sales in the U.S. are predicted to surpass $24 billion this year, a growth of 38% compared to 2020, according to BDS Analytics (BDSA), a Colorado-based global cannabis market research firm.
Living Essentials, LLC announced today its first push outside of shots into the full size energy drink category with the launch of 5-Hour Energy in a 16 oz. can format. The new line is debuting simultaneously this week at the National Beer Wholesalers Association (NBWA) convention in Las Vegas and the National Association of Convenience Stores (NACS) show in Chicago.
