Yerbaé is set to become the latest beverage company to go public as the plant-based energy brand announced today that it has completed a reverse triangular merger in order to begin trading on the Toronto Stock Exchange.
BevNET and NOSH presents: Community Call, a recurring series of open meetings dedicated to pressing topics impacting food and beverage businesses. Topics on the docket include: learning the formula for a successful Expo West exhibit; how to successfully pitch media for coverage; and how to follow up post trade show to get business done.
Andrew Merinoff wants to invest in products that seem impossible to pull off. Case-in-point: This month, the founder of venture capital firm Dispact Ventures, announced he is taking over as CEO of passion fruit liqueur Chinola, one of the firm’s earliest investments.
For the first time, spirit revenues have eclipsed beer, according to the Distilled Spirits Council of the United States (DISCUS) in its annual economic briefing today.
As cold and flu season rages on, this week’s new products gallery showcases immunity-boosting beverages from Favor and Ocean Spray. Plus, Renude introduces a mushroom-based twist on the classic matcha latte and Willa’s unveils an improved formula for its barista oat milk.
PepsiCo’s quarterly net revenue surpassed analysts’ expectations following price hikes for its food and beverage products. The New York-based conglomerate’s net sales rose 10.9% to $28 billion in Q4 2022 against analysts’ estimate of $26.9 billion. Organic revenue, which excludes the impact of acquisitions and divestitures, rose 14.6% during the quarter.
When Rishi Tea & Botanicals founder Josh Kaiser launched his business as a 24-year-old fresh out of college in 1997, he was used to being the youngest one in the room.
Cannabinoid drink brand Bimble has ditched its 12 oz. glass bottles, kicking off the new year by downsizing into 8 oz. slim cans that pack the same 25 mg dose of CBD, but less liquid and, subsequently, less calories.
Sales growth in the non-alcoholic beverage industry remained “robust and broadly stable” at +13.3% as price increases slowed, driving a rebound in volume growth.
After testing the market for a premium sports drink for the past two years, Barcode is ready to move into national distribution. Recently, the fitness water hired a new COO to help scale the brand for a larger distribution push and new innovation in 2023.
Watch founders and CEOs introduce their brands and provide a recap of recent news and updates. This week's special co-host is Mike Fata, the founder of Manitoba Harvest and Fata & Associates, who shared his thoughts, questions and feedback with the participants.
California lawmakers have introduced a bill that would allow wine and beer retailers to sell spirits-based, ready-to-drink (RTD) beverages that are lower than 10% ABV and in containers no larger than 16 oz.
Natalie Shmulik, the chief strategy and incubation officer of The Hatchery Chicago, spoke about the incubator’s origins, the most pressing needs and challenges facing small businesses and how she and her team are advising brands on scaling and investment. She also discussed the typical attributes of a company that has successfully scaled beyond The Hatchery and how high-profile strategic partners, including Pepsico and Mondelez International, are involved in its development.
Seeking to swiftly amplify its sales and velocity over the coming years, California-based plant-based beverage company Koia has transitioned to a vertically integrated production model with the acquisition of a production facility in Anaheim.
