Canopy Growth Corporation has entered a definitive agreement to acquire cannabis edibles maker Wana Wellness for $297.5 million, which will go into effect upon federal legalization of THC in the U.S.
Previously only available in a single unsweetened cold brew coffee SKU packaged in a glass bottle, Later Days Coffee has recently expanded its lineup with the launch of three shelf stable cold brews in 8 ounce cans.
“Don’t drink your calories” is a classic piece of health advice, and American consumers are increasingly following it as average overall calorie consumption from beverages has fallen 10% since 2014, according to a new progress report on the Beverage Calories Initiative (BCI).
Join BevNET and NOSH on October 19 at 3 p.m. ET for a special SuperCharge: Innovation event. With our expert presenters and open discussion, we’ll be able to dial in the direction and timing of your innovation efforts to maximize their impact, minimize mistakes and allow you to feel more secure throughout your entire push toward food and beverage brilliance.
More Labs, the parent company of hangover shot brand Morning Recovery, announced this week it has raised $10 million in a Series B funding round. The round was led by Btomorrow Ventures, an investment arm of British American Tobacco (BAT), owner of cigarette brands like Camel, American Spirit and Newport.
PepsiCo-owned yerba mate brand Yachak Organic has rolled out a rebrand for its line of 16 oz. beverages. The refresh presents not just an entirely new visual identity for the brand, which launched in 2017 as a subsidiary of Rockstar Energy, but also aims to more firmly position the drink in the energy space.
After initially seeking to raise over $100 million, The Vita Coco Company is now targeting around $224 million by issuing 11.5 million shares, priced between $18 and $21 each, as part of its initial public offering next Thursday, the company announced.
San Francisco-based Rhythm CBD Seltzers, is deepening its presence in its home market with the announcement of its first distribution partner, Bay Area distributor Danlies. In signing with Danline, Rhythm has landed with an early adopter of CBD products which also services brands like VYBES, Daytrip, Kickback, Proposition Cocktail Co. and Kefla Organics in over 900 accounts.
After learning the business from his grandfather, legendary tequilero Don Julio González-Frausto Estrada, Eduardo “Lalo” Gonzalez is seeking to establish his own legacy in the industry through his eponymous premium blanco tequila brand, LALO.
From national distribution to failed innovation to keto-driven disruption, it’s all in a decade’s work for Buddha Brands’ co-founders Chris Magnone and Mark Cigos, who we profile in this episode of Taste Radio. We also sat down with Jen Ballen and Joe Magliano, the co-founders of Otherworld Foods, an upstart brand that aligns locally sourced and upcycled ingredients with nostalgia-inspired products.
BevNET’s Cocktail Showdown is back for round two, only this time the competition will take place live and in-person on Sunday, Dec. 5 -- the day prior to BevNET Live Winter 2021 in Santa Monica, California. Ready-to-drink and ready-to-pour cocktail brands will take the stage to present their pitch at the Loews Beach Hotel.
Energy brands find their footing in multi-format portfolios with new 16 oz. and 12 oz. offerings from established brands; Snapple drops "Diet" and adds new elemental SKUs; Coke unveils a slate of new innovations across its brand portfolio.
Each year, BevNET’s annual “Best Of” Awards honor companies, brands, individuals, products, ideas and trends from across the dynamic and ever-changing beverage industry landscape. This year, our coveted awards show returns live and in-person on December 7th during BevNET Live Winter 2021.
In 2019, Day One was initially positioned to be a leading beverage brand for Genius Fund, a multimillion dollar startup that aimed to become a multibillion dollar leader in the California cannabis market. Now, under new ownership, Day One is relaunching, announcing this week plans to enter retail in seven states as well as resuming online direct-to-consumer sales.
