While customer demand for Reed’s products has grown, the company was hit by supply chain shortages during the second quarter of 2019 which resulted in an underwhelming growth report and delays on new product launches.
IndiCoco is a three SKU line of shelf stable coconut water beverages that are produced in Thailand. The line includes an unflavored product made with a single ingredient in addition to two flavored offerings.
Kris Ravenscroft is the co-founder and CEO of Beauty Gourmet, a company that creates sparkling wellness teas for women. The company's first product line is Glitter Tea, which is sparkling tea that contains ayurvedic ingredients like Amla extract, adaptogens and antioxidants.
Grillo’s Pickles founder/CEO Travis Grillo spoke about why he pursued his passion despite the naysayers and explained why he fondly recalls the days when he was struggling and broke. He also discussed the unconventional way that Grillo’s got into Whole Foods, how he considers new hires and investment and why he’s just as likely to take advice from a homeless person as he would from a billionaire.
The massive success of carbonated waters, led by brands like LaCroix, Sparkling Ice and Bubly, has not gone unnoticed by the broader beverage space. Brands in categories such as coffee, coconut water and now tea have all sought to inject fizzy innovations into their respective products.
Pillars Drinkable Greek Yogurt Doubles Store Count; Yerbae Adds 2,000 Stores; MATI Energy Launches Whole Foods Southwest, Focuses on Office Accounts; LIFEAID Partners with Hudson News Distributors; ITO EN Oi Ocha Green Teas to Enter Walmart; HFactor Adds 1,500 Walmart Locations
Purpose Purple Tea is a line of ready to drink purple tea beverages that are Non-GMO verified and, as the name subtly suggests, is built around a social mission that focuses on female tea pickers in Kenya, where the product is sourced.
No Cow founder/CEO Daniel Katz spoke about his passion for entrepreneurship and the genesis of his plant-based protein bar brand, which he launched with no business plan or extensive market research. He also discussed why his initial “play the numbers” retail strategy worked, why he rarely asks for advice, and why he decided to return as CEO less than a year after stepping down from the role.
Jones Soda Co. reported a 10 percent decrease in year-over-year revenue in the second quarter in an earnings call with investors yesterday. During the call, Jones CEO Jennifer Cue discussed hemp and CBD company Heavenly Rx’s recent investment and the company’s plans for the development of a CBD-infused beverage line.
Fitness energy drink Celsius saw year-over-year revenue grow 73% during the second quarter of 2019, according to financial results released by the company yesterday.
Speaking at Cannabis Forum 2019, held on June 14 in New York City, Michael Hayford, co-founder/CEO/chairman of Cannabiniers parent company Lighthouse Strategies, shared a look at the company’s ambitious roadmap for growth.
New Age Beverages recorded a 397% increase in net revenue and a net loss of $11.7 million in the second quarter of 2019, according to financial results released by the company this morning.
According to financial results released by the company this morning, underlying net sales grew 2.6% in the second quarter of 2019, driven by a 2.1 increase in volume/mix and a higher net price realization of 9.5%. However, net sales for packaged beverages grew just 1%.
The latest volley in the ongoing legal skirmish between Monster Energy Corp. and Bang Energy manufacturer Vita Pharmaceuticals/VPX Sports was filed yesterday in U.S. District Court in the Southern District of Florida. The complaint accuses Monster and its executives of engaging in a “conspiracy” to “suppress, obstruct, and conceal” alleged health risks related to consumption of the brand’s energy drink products.
