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Breaking: Nestlé Acquires Essentia [Updated]
The Swiss conglomerate announced today its acquisition of premium water brand Essentia for an undisclosed fee.
Review: Lucky Jack Oatmilk Lattes
Cold brew brand Lucky Jack has introduced a new line of low sugar oatmilk lattes that are also the company’s first shelf stable products. Available in four flavors -- Caramel, Golden Milk + Turmeric, Mocha and Vanilla -- each 7.5 oz. can contains 130mg of caffeine, 4-5 grams of sugar and 80 calories or less.
Prelude Closes Fund II to Invest in ‘Distinctive’ Brands
Prelude Growth Partners, a New York City-based fund, announced last week the close of their second fund at $250 million dollars.
Tennis Pro Andy Murray Invests in HALO
Organic hydration beverage brand HALO announced this week that it has received an investment from tennis star Andy Murray, marking its first partnership with a professional athlete. In addition to a financial stake in the brand, which sources reported as being in the six-figure range, Murray will also serve as a brand ambassador.
NITRO Beverage Co. Closes Seed Round, Preps Oat Milk Lattes for Q2
Best known for its organic and Fair Trade nitrogen-infused cold brew coffees, New Jersey-based NITRO Beverage Co. has announced the closing of a $1.5 million seed investment round led by VERSO Capital, a capital injection that is set to fuel retail expansion and the launch of a new three-SKU line of oat milk lattes in Q2.
Kevin Hart Joins Nutrabolt As Investor, Ambassador
Comedian Kevin Hart, who’s films have grossed over $1 billion worldwide, has taken an equity stake in Nutrabolt, the parent company of fast-rising energy drink and powder brand C4.
Watch Office Hours: Financial Health – Investment, Debt and COVID-19
Office Hours dug into the state of debt and financial planning for entrepreneurial food and beverage companies with our first episode of 2021.
Review: Husky Sparkling Coffee Fruit Tea
Husky is a new line of low calorie sparkling coffee fruit beverages that are offered in three flavors: Lemon, Grapefruit, and Orange. The products are packaged in 12 ounce cans and have 5 calories or less and no added sugar.
TeaRIOT Raises $5M from PearlRock Partners
Plant-based energy drink maker teaRIOT has raised $5 million in funding from PearlRock Partners that will help support a broader nationwide expansion, the company announced Tuesday. PearlRock is the sole investor in the round and the firm’s chairman and CEO Brian Kelley will join the brand’s board of directors.
Former Rockstar Execs Make it ‘Weird’ With New Tea Brand
After spending nearly two decades working in marketing at Rockstar Energy, Jason May’s first post-acquisition venture was bound to feel a little strange. He decided to make it Weird. Weird Beverages is a new venture founded by May, who serves as CEO, and two other former Rockstar employees.
Coca-Cola Launches Two New AHA Flavors, While Pulling Two Others
The Coca-Cola Company has reshaped the lineup at sparkling water brand AHA, adding two new flavors, pulling two others, and making a stronger callout on its lightly caffeinated SKUs.
Canopy Growth Launches CBD Sparkling Water in U.S.
Canadian cannabis manufacturer Canopy Growth today announced the online launch of its first CBD-infused drink for the U.S. market: Quatreau, a four-SKU line of flavored zero-calorie sparkling waters containing 20mg of CBD per 12 oz. can.
Taste Radio: The Skill That Helped This Pioneering Entrepreneur Build Plated Into A $300M Company… And Another In The Making
Nick Taranto, the co-founder of pioneering meal kid company Plated and beer alternative brand HOP WTR, spoke about why storytelling is the key to any successful company, how his experience in the Marines and at Harvard Business School influenced his perspective as an entrepreneur and why he’s bullish on Bitcoin and sober-curious lifestyles.
Investment Firms Launch CPG SPAC
The CPG venture fund once known as Accel Foods has combined forces with two other firms to launch a publicly traded “blank check” company to target more consumer brands. Together with Scharf Brothers and Mistral Equity Partners, AF Acquisitions will initially offer 20 million shares at $10 each in an attempt to raise up to $200 million for its initial public offering.