Quebec-based energy drink brand GURU Organic Energy Corp. reported quarterly net revenue of CAD$7.7 million, down 3.75% from CAD$8 million in 2021, in its fiscal year Q3 earnings report yesterday.
Motto is a sparkling matcha beverage that was originally launched almost a decade ago and was the winner of the New Beverage Showdown 5 in 2013.
As consumers continue to cut their alcohol intake and embrace zero proof alternatives, startup retailer Sèchey is working to ensure that shoppers looking for non-alc beer, wine and spirits don’t get hung out to dry. Founded in 2021 by CEO Emily Heintz, Sèchey (French for ‘dry’) is a South Carolina-based retailer specializing in non-alcoholic beverage alternatives.
Fever-Tree expands its reach in the U.S. by widening its portfolio of non-carbonated beverages with the acquisition of craft mixer maker Powell and Mahoney.
Nestlé's U.S. R&D Accelerator has partnered with animal-free dairy company Perfect Day to launch an alternative dairy "novel product" that will pilot in the U.S. market later this year.
Chitra Agrawal, the founder and CEO of Brooklyn Delhi, a brand of Indian-inspired pantry staples crafted for modern kitchens, spoke about why consumer education requires patience, how she leveraged the brand’s strengths to win over Whole Foods and why profitability has always been top of mind. She also explained how she created favorable contracts with co-manufacturers and how an omni-channel sales strategy has benefited the company.
Nutritional sports supplement maker Ladder announced Los Angeles Rams linebacker Bobby Wagner as the latest professional athlete to join the company as a brand ambassador and spokesperson.
Courtside is a new line of sparkling hydration beverages that were designed for daily use rather than to help athletic performance. The product line uses coconut water as its base ingredient (and source of electrolytes) and contains no added sugar.
As it navigates the Chapter 11 bankruptcy process, Utah-based direct selling company NewAge, Inc. announced last week it has entered a definitive agreement to sell its DSD distribution business to Colorado-based Legacy Distribution Group.
Ryan Williams, the former VP of Finance and Ops at RISE Brewing Co., has created a tool called the Food and Beverage Investor Database (FABID) which aims to help new entrepreneurs in the food and beverage industry navigate the complicated world of fundraising.
In this week’s roundup of new products, Alani Nu and Spindrift take inspiration from Halloween and all things fall, while some brand like AVEC hold onto an “eternal summer.”
Venture capital firm PowerPlant Partners announced today the close of its Fund III at $330 million. The fund will focus its investments solely in growth stage companies and consumer-facing brands "that are better for the people and planet."
On the cusp of BevNET and Taste Radio networking meetups in San Diego and Austin, the hosts highlighted the value of industry connections and linking up with experienced professionals, and why showing up is half the battle. They also spoke about a new fund focused on women-led brands, a retailer focused on non-alcoholic cocktails and spirits and new products that caught the hosts’ attention.
As the company looks to its new FITAID Energy line as a fast-growing sales leader, NFL star Bishard “Budda” Baker has invested an undisclosed amount into functional beverage company LIFEAID to help support the brand’s expansion.
