This month’s Office Hours assembled leaders from three leading incubation programs to get strategic advice for brands on overcoming the kinds of obstacles they face as they grow, and ways that they can pivot safely when they’re met with unexpected challenges.
Looking to bring consumers back into the arms of dairy, New York-based Maple Hill Creamery debuted Zero Sugar Organic Ultra-Filtered Milk, the first product in a new platform of sugar free dairy made without sweeteners or additives.
The combined company — with a market capitalization valued at $8.2 billion at the end of trading on April 30, 2021 — will operate under the Tilray name moving forward and continue trading on the Nasdaq under TLRY and will begin trading on Toronto Stock Exchange under the same ticker symbol beginning May 5.
Owen’s Craft Mixers has closed a $7.5 million funding round that includes singers Ryan Hurd and Lee Brice, ex-NHL star Mario Lemieux and strategic investment from the Mass Family Office.
This week, we’re joined by Chris Fanucchi and Samantha Citro Alexander, the co-founders of Bitewell, a new startup platform that aims to make healthy purchasing decisions easier via curated options for grocery and restaurant delivery. Fanucchi and Citro Alexander spoke about Bitewell’s multi-pronged business model, why competition isn’t easily defined and how the company works with emerging food and beverage brands.
With projections predicting continued segment growth for RTDs, anyone looking to enter the space will face a competitive landscape. But by studying brands who have either launched during the pandemic or have weathered the storm without faltering, there are plenty of opportunities for new premixed canned cocktails to thrive.
Despite seeing a 9.7% decline in net sales in the first quarter of 2021, Molson Coors Beverage Company reported solid sales for its non-alcoholic beverage portfolio, including new energy venture ZOA. Speaking to investors and analysts on a conference call Thursday, CEO Gavin Hattersley said ZOA has been “extraordinarily well received by retailers and by distributors alike.”
ISCA is a new line of premium CBD-enhanced sodas that feature flavors created by two-star Michelin chef (and the brand’s co-founder) Michael Caines. The products contain 20mg of hemp extract per 12 ounce glass bottle.
Just when it seemed the beverage industry had it all figured out when it came selling to millennials, in comes Gen Z. Gen Z Brands is a new Arkansas-based, sustainably packaged bottled water brand that has taken its namesake from its target demographic.
Late last week Boston-based pickle brand Grillo’s revealed it had been sold to family-owned bakery business King’s Hawaiian earlier this year. While pickles and bread are often sandwiched together, the brand will largely be speeding ahead on its own, according to Grillo’s executives.
As we head into spring, beverage brands are amping up consumers for the warmer months ahead. This month saw new energy boosting shots, oat milk innovations, and two new functional flavors from Vitaminwater. Check out the gallery for the latest from Super Coffee, Fever Tree, and hellowater, in addition to new brand launches, partnerships, and reformulations.
Proud Source Water announced this week a regional distribution agreement with PepsiCo Beverages North America (PBNA), placing the sustainably-packaged alkaline water brand on blue trucks servicing food service providers, stadiums and retailers in the Western region of the country.
Keurig Dr Pepper (KDP) has upped its projections for full year net sales growth to 4-6% after reporting an 11% increase in net sales during Q1 2021, the company announced this morning.
U.S. Senators Tammy Baldwin (D-WI) and Jim Risch (R-ID) last week reintroduced bipartisan legislation that would ban plant-based dairy alternative products from using dairy-related terms on their labels.
