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DAILY NEWSLETTER
March 06, 2020
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TODAY'S FEATURED STORIES
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Brad Avery
Premium sparkling water maker Spindrift has raised $29.8 million in a new funding round, its largest single round to date, according to a filing with the U.S. Securities and Exchange Commission (SEC) this week. The new round brings the Massachusetts-based company’s total financing to at least $70 million and is the first new funding the brand has received since a $20 million Series B round led by VMG Partners in 2018.
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Beth Kaiserman
In a report submitted yesterday to Congress (a week past its due date) FDA commissioner Stephen Hahn noted the agency still lacks enough evidence to say CBD ‘can’t hurt.’ While the report notes the FDA is “actively considering potential pathways for certain CBD products to be marketed as dietary supplements,” the agency is still seeking more scientific evidence — especially to support CBD’s safety in food.
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Bill Siff, founder and CEO of Goldthread, discussed why building the plant-based tonic brand was akin to “inventing a category,” effective methods for driving consumer education and brand awareness, defining metrics for success and how the company incorporates ingredient trends into its innovation strategy.
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Good Culture, a company that got its start making organic cottage cheese, has recently expanded into the beverage category with the launch of Good Culture Probiotic Smoothies. The launch includes three flavors -- Pineapple, Vanilla and Wildberry -- and they are made with protein-rich kefir from pasture-raised cows.
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Carol Ortenberg
Like its consumers, Once Upon a Farm is growing up. The fresh-focused kids CPG brand is launching a new line of non-dairy yogurt and bottled protein smoothies, both moves aimed at helping the brand expand its appeal beyond babies to families.
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BevNET Magazine
In the Jan/Feb edition of BevNET Magazine, explore the RTD cocktail boom, take a look at the rise of functional coffees, and dive into 2020's flavor and ingredient trends. Also included, show reviews, beverage category data, recent news, the 2020 Cannabis Food and Beverage Guide and much more.
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SPONSORED BY |
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Koia continues to elevate plant-based nutrition.
Koia = truly delicious, healthy, convenient plant-based beverages that come ready-to-drink with no mixing or stirring required. We only use high quality ingredients to deliver a balance of complete plant protein, fiber and healthy fats for sustained satiation and energy at any time of the day. All Koia products are 100 percent plant-based, dairy-free, soy-free, gluten-free, vegan and Non-GMO Project verified. Koia currently offers three types of beverages: Protein, Keto and a new elevated Coffee line to cater to nearly everybody's nutritional needs.
Visit drinkkoia.com for more info!
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FEATURED INDUSTRY JOBS
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Garage Brewing Co
Murrieta, CA
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Garage Brewing Company
Orange County, CA
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Barrio Brewing
Tucson, AZ
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Kane Brewing
Ocean Township, NJ
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Kane Brewing
Ocean Township, NJ
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Roadhouse Brewing Company
Boise, ID
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Inspira Marketing
Ocean City, MD
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INDUSTRY JOBS - NEW LISTINGS
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San Francisco, CA
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USA
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Milwaukee, WI
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Burlington, VT
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Sussex County, DE
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BevNET.com, Inc. 44 Pleasant St., Watertown, MA 02472
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