Ready-to-pour cocktail DRNXMYTH has secured $3.7 million as it prepares to manufacture its innovative packaging in the U.S. and expand its retail footprint. The Series A round was led by an unnamed beverage venture firm, with Red Door Capital announcing an investment of $975,000 to close out the round on Tuesday.
On the ground in Anaheim, California, Taste Radio’s hosts reflected upon the first two days of an exhilarating Natural Products Expo West 2023 and highlighted standout new brands and products exhibited at the show, along with those featured at the Snaxshot X BevNET and MENA CPG meetups held during the week.
Catch up on the latest news and updates from Natural Products Expo West 2023, highlighted by Sanzo's shift into multipacks, GEN Z Water's sale to Langers Juice, a slew of new innovations for children and how beverage makers are feeling about a recent report on erythritol.
In our second daily recap from Natural Products Expo West 2023, we break down the latest news and updates from the event, including a surge in next-gen sodas, the growth of canned beverages, and how brands are bringing farmers and ingredient sourcing partners closer into their respective product development processes and identities.
Jack Owoc, the controversial CEO and founder of Bang Energy maker Vital Pharmaceuticals, is out as the company’s chief executive and chief science officer, and from its board of directors, where he had served as chairman, effective immediately.
Read the latest news from Expo West 2023, including Proud Water's acquisition, Chatty Matcha's new identity, and TRU's ongoing expansion.
Sierra Nevada Brewing Co. has made a minority investment in Riot Energy, a Venice, California-based energy drink company. The California brewery will “initially serve as an investor,” but will “eventually produce and package Riot Energy products” once its CanDo Innovation Center is up and running.
At the close of the event's opening day, editors discuss their initial observations and takeaways thus far, including a pair of exits for two young brands in the bottled water space, a spike in mood-boosting and brain-focused drinks.
Roberto Ramirez Laverde has returned to Bacardi as global senior vice president of Bacardi rum, the company announced yesterday. Laverde took on the role following the promotion of Ned Duggan to global chief marketing officer of Bacardi and president of Bacardi Global Brands Limited.
Watch founders and CEOs introduce their brands and provide a recap of recent news and updates. This week's special co-host is Sebastian Dreher, Managing Director, Döhler Ventures, who shared his thoughts, questions and feedback with the participants.
Kombucha specialist Brew Dr. is rolling out redesigned packaging labels and branding — along with a pair of new flavors — aimed at building on the brand’s existing momentum while bringing new consumers into the category.
Distinguished physician, professor and author Dr. Robert Lustig spoke about how overconsumption and poor quality food are root causes of chronic illness and the role that innovative food and beverage companies can play in effecting change. And in the latest edition of The Maxi Minutes, investor Maxine Kozler Koven discussed why women-owned CPG brands are facing a lack of sustained investment, and ways for the industry to collectively address the problem.
After a tough 2022 forced the company to take a “higher-level look” at its business, Mayawell is charting a new way forward.
From selling products on Rollerblades to ringing the opening bell at NASDAQ, Vita Coco co-founder Mike Kirban has lived as a beverage entrepreneur over the past 20 years, and he’ll discuss his experiences and reflect on the lessons he’s learned for the benefit of the audience at BevNET Live Summer 2023 in New York City.
