Office Hours: Insights into M&A, Brand Growth, and Investment During Pandemic

Office Hours returns Tuesday, June 2 at 3 p.m. ET. Jeff Klineman, BevNET’s Editor-in-Chief, will bring veteran investment bankers Jay Novak and Brandon Ng from Houlihan Lokey on the livestream to discuss the current fundraising and M&A market and take questions from viewers.

Watch: Why Now Is the “Perfect Time” For CBD Regulations Overhaul

While both the CBD and cannabis industries have attracted increased attention from consumers, investors and retailers alike, brands within these categories still face a range of unique operational challenges. Jeremy Goldstein, the COO and co-founder of both CBD brand Caliper Foods and Cannabis company Stillwater Brands, sees the potential for massive growth if the FDA “gets off its hands.”

Industry Responds to FDA Ingredient Guidance

The Food and Drug Administration (FDA) on Friday released temporary guidance to allow food manufacturers to change ingredients without updating product labels, a move aimed at preventing supply chain disruptions during the COVID-19 pandemic. In response, company and industry leaders are speaking up to promote consumer safety.

Nielsen: Non-Alc Beverage Sales Accelerating

At-home food and beverage consumption trends remain strong over the last month, according to an analysis of Nielsen data by Goldman Sachs Equity Research released earlier this week.

Review: Proper Wild Clean Energy Shot

Proper Wild is a line of 2.5 oz shelf stable energy shots that are enhanced with caffeine, L-theanine and ginseng. The line comes in three flavors: Ginger, Blackberry and Peach Mango.

BevNET and NOSH Virtually Live: An Event for the Food and Beverage Industry

For more than a decade BevNET and NOSH have brought the entrepreneurial food and beverage ecosystem together during in-person conferences. Now, it’s time to bring the community together online. It’s time to connect, even in isolation. It’s time to share knowledge, even when the schools are out. On June 23 and 24, let’s take some time together to reset, boarding a platform made by the coalesced entrepreneurial community, taking a break from our widespread separation.

Rowdy Mermaid Raises Another $3.5M in Series A ‘Second Tranche’

Rowdy Mermaid Kombucha announced today it has raised an additional $3.5 million from investment firm KarpReilly in a “second and final tranche” of its Series A funding round, bringing the total financing to $7 million. In February 2019, KarpReilly led the Colorado-based brand’s initial Series A round and co-founder Allan Karp joined Rowdy Mermaid’s board of directors.

Eyeing “Revolution,” Neutral Builds Zero-Carbon CPG Platform

Matt Plitch, founder of sustainable dairy brand Neutral, envisions carbon neutral food and beverage as the next big food movement. As a “global food revolution” in line with the recent rise of veganism, he sees a future in which grocery stores will have a carbon neutral aisle and “neutralists” can shop for products with net-zero carbon emissions.

Review: Ugly Limited Edition Flavors Tackle Soda Head On

Amidst the global pandemic of 2020, Ugly recently announced a new limited edition flavor program to help further drive the company’s DTC business. Today, we’re taking a look at three of these flavors, including Cherry Cola, Dr. Ugly and Orange Soda.

DrinkTru Secures $1.5M To “Save” Company

Boston-based functional shot brand DrinkTru has secured $1.5 million in new funding, founder James McNamara told BevNET last week. According to founder Jack McNamara, the company had been in talks over a potential investment with a venture capital partner for about four months before they pulled out in March, requiring the brand to quickly change gears.

SOS Hydration to Launch RTD Line

SOS Hydration, a California-based maker of electrolyte drink mixes, is the latest powdered beverage brand to take the leap to liquid, announcing today it will launch a ready-to-drink enhanced water line this summer. The line features Citrus, Fruit Punch, Mango and Watermelon flavors and will retail for $2.48 per 16.9 oz. bottle.