Expo East 2022: Editors Share Quick Takes From Day 1
BevNET and NOSH editors Martin Caballero and Carol Ortenberg share their quick takeaways from the opening day of Expo East 2022.
Spirit Producers Advocate for Top Priorities at Capitol Hill
More than 200 distillers met virtually with lawmakers last week to address critical issues in the spirits industry, including asking legislators to ease direct-to-consumer shipping and the U.S. Alcohol and Tobacco Tax and Trade Bureau (TTB) for regulatory efficiencies.
Diageo Acquires Cold Brew Coffee Liqueur Brand Mr Black
Global spirits conglomerate Diageo has acquired premium cold brew coffee liqueur brand Mr Black, in which it previously held a minority stake, the company announced today. Terms of the deal were not disclosed.
PATH Closes $30M Series A Round, Projects Up To 300% Retail Expansion
Bottled water brand PATH has raised $30 million in a Series A funding round led by Altos Ventures aimed at expanding its nationwide distribution footprint and supporting a new East Coast manufacturing facility.
Topo Chico: Spirit-Based Offering Coming From Molson Coors in 2023
Molson Coors will launch a spirit-based version of Topo Chico in key markets, such as the southwest and southeast and parts of the Midwest.
Hemp-Derived THC Drinks Seek to Capture Curious Consumers in Conservative States
In states closed off to recreational cannabis, hemp-derived THC drinks are starting to make an impact with curious first-time consumers.
Caliwater Raises $2 Million ‘Strategic Round’ to Support National Expansion
Cactus water startup brand Caliwater has raised $2 million in a financing round backed by a slate of professional athletes, actors and musicians. The round, announced today, marks the brand’s second $2 million raise in as many years.
Doubling Sales In A Year, Milo’s Tea Hits $400 million
Milo’s Tea Company has quietly become the fourth largest iced tea maker in the U.S. by steadily building new production capacity and incrementally expanding its target consumer base out of the regional south.
AriZona Flies Into Sports Drinks With Marvel Collaboration
AriZona Beverages is teaming up with Marvel Entertainment on a functional drink called Super LXR Hero Hydration, marking the iced tea maker’s first true leap into the sports drink category.
Taste Radio: How Do You Build A Profitable Business That Generates Millions In Annual Revenue? Think ‘Petit.’
Max Pouvreau, the founder of premium pudding brand Petit Pot, explained why he has always emphasized frugality and cautious spending, how the hire of an experienced operations executive and planning strategy helped the company scale production and achieve profitability and how being ahead of the curve on permissible indulgence has benefited the brand’s development.
Liquid Death Launches ‘Death Peddlers’ Program to Support Indie Retailers
Liquid Death will pay stores a monthly volume-based sponsorship fee to allow accounts to purchase product through Amazon or other retailers, which can then be resold at the standard SRP.
Cann Acquires Sweet Reason, Targeting Mainstream Alcohol Alternative Space
Cannabis beverage producer Cann announced today it has acquired Toronto-based CBD drink maker Sweet Reason, marking the company’s first acquisition as it seeks to build out a platform for alcohol alternatives. Terms of the deal were not disclosed.
Former Distill Ventures Co-Founder Launches New Beverage Accelerator
Former Distill Ventures co-founder Dan Gasper is launching an independent drinks accelerator aimed at supporting low- and no-alcohol beverages and "the future of spirits."
Recess Backs Mood As ‘Lead Product Line’ With New Flavors, Distribution
While Recess' core hemp-infused drinks continue to develop, their traction has been outpaced by the growth of Mood, a 4-SKU non-CBD line that promises similar relaxation and calming benefits and features magnesium as its star ingredient.