The economic fallout from the global COVID-19 pandemic represents an “extinction event” for many brands in the emerging CBD space, according to a new report on the state of the U.S. CBD market from Chicago-based intelligence firm Brightfield Group.
Seeking to expand its platform as a functional beverage company, New York-based Cloud Water is innovating beyond CBD with a new line of immunity boosting beverages launching this fall. Cloud Water +Immunity will be available in three flavors: Blood Orange and Coconut; Grapefruit, Mint and Basil; and Blackberry, Lemon and Rosemary.
Welcoming questions and supplying stories from his own extensive experiences as a founder and CEO, Skae will speak to the BevNET and NOSH community from the perspective of someone who has worked to be nimble and creative -- to help companies punch above their weight class -- no matter the circumstances.
James Gleaves, general manager of Molson Coors-owned Clearly Kombucha, will step into the role of president at Granbury, Texas-based craft brewery Revolver on September 1.
Continuing its expansion into the global marketplace, Colorado-based New Age Beverages Corp. entered this week into a definitive agreement to acquire Utah-based multi-level marketing company ARIIX and four other international brands, bringing the company’s pro forma revenues to over $500 million with a footprint in 75 countries.
Square One, a pioneer of organic spirits, has expanded its offerings into the ready to drink space. The new line of sparkling vodka cocktails features four flavors packaged in slim 12 oz. cans that come in at 7.5% ABV each.
While hibiscus has become an increasingly popular ingredient across beverage categories from kombucha to beer, cold brew hibiscus tea brand Wakava is offering a flavor less familiar to American consumers. Founded by Nigerian entrepreneur Olamide Adeboye, the St. Louis, Missouri-based brand aims to introduce new flavors to the American palate by offering a twist on a popular West African antioxidant beverage.
Grocery delivery service Misfits Market announced yesterday the close of an $85 million round of capital led by Valor Equity Partners. Additional investors included Greenoaks Capital, Third Kind Venture Capital, and Sound Ventures.
“Robust” at-home consumption drove beverage sales over the 4th of July holiday, according to an analysis of all channel Nielsen data by Goldman Sachs Equity Research. Overall beverage sales were up 11.6% year-over-year for the two-week period ending July 11, versus 12.2% growth for the 4-week period and 6.9% for the 52-week period.
Vive Organic closed a $13 million Series B funding round led by Monogram Capital, the company announced today. Existing investors Cambridge SPG and PowerPlant Ventures also participated in this round.
This week we’re sharing episode three of SprintToSuccess, a video series focused on demystifying the branding process for entrepreneurs in the food and beverage space. In this episode, we are turning the corner from strategy to creative.
Dash Water is a U.K.-based line of premium sparkling water beverages that recently announced its launch in the U.S. The products are zero-calorie and infused with upcycled fruits and vegetables instead of flavorings.
Essentia CMO Karyn Abrahamson has exited the company, according to an Essentia spokesperson. Zola Kane, Essentia’s VP of integrated marketing, has stepped into the interim CMO role.
Even with the COVID-19 pandemic still roiling, Calypso is coasting along behind strong tailwinds; as of mid-July, the company is up by 50% for this year, according to CEO David Klavsons.
