In 2018 Paul Coletta, the CEO of ultra-fresh food and beverage producer Urban Remedy, told NOSH that he would take the company into new markets beyond California -- despite the risks and difficulty in doing so. Now, nearly a year to the day, it appears Coletta is following through on that promise.
Non-dairy creamer brand Nutpods, which markets a line of dairy-free almond and coconut-based creamers, has closed a round of fundraising with VMG Partners for an undisclosed amount, the company told BevNET last week.
Last summer, Juice Served Here co-founder Greg Alterman took to the defunct brand’s Instagram account to tell its followers that the California-based company would one day return. Now, Alterman says, the day is here, as he plans for a fall 2019 relaunch.
Imported Norwegian premium water brand VOSS announced this morning that actor and wrestler Dwayne “The Rock” Johnson has joined the company as an investor and strategic advisor. The 47-year old California native will also serve as the face of a new marketing campaign entitled “Live Every Drop.”
VYBES Continues Expansion with Florida Partnership; Olipop Adds 41 SoCal Whole Foods; Cann Now Available Via Eaze; Richard’s Rainwater Adds Whole Foods, The Fresh Market; Elev8 Hemp Signs with Three Distributors
The complete lineup of mainstage presentations from BevNET Live Summer 2019 is now available to watch on the BevNET YouTube channel. More than 650 beverage founders and executives gathered in New York City last month for the leading beverage industry conference.
Straightaway Cocktails co-founder and CEO Cy Cain wants to help people enjoy quality craft cocktails at home and on-the-go. The company launched in 2018 and offers bottled ready-to-drink classic cocktails using house made zest, simple syrups and bitters.
Powdered hydration mix maker Liquid I.V. has raised $5 million in a strategic funding round backed by numerous celebrities, the company announced this week. The round was led by Liquid I.V. CEO Brandin Cohen, who invested his own money in the brand, alongside prior investor and music business executive Scooter Braun.
Speaking to investors and analysts on an earnings call today, Coke CEO James Quincey said much of the company’s North American sales performance was driven by consumer demand for sugar free soft drinks. Retail sales for the company’s no sugar offerings, including Coke Zero Sugar, grew 6% in the quarter.
In an interview included in this episode, Karr opened up about the origins of Guayaki, how the brand creates evangelists for yerba mate, how viewing time as “an illusion” allowed him to align his personal and professional lives, why he considers the company to be “a reforestation vehicle,” and its unique approach to distribution and hiring.
Moti is a new line of ready-to-drink lemonade beverages that use rosewater as the base for its two SKUs, Original Rosewater and Saffron Rosewater. Both are packaged in 10 oz. glass bottles.
Since launching in 2017, organic shots maker Ethan’s has built out a portfolio of functional products that includes apple cider vinegar, MCT, and immunity-boosting “fire shots.” So, it was only a matter of time before the company embraced the functionality the shots category is most widely known for: Energy.
CBD-infused snack and beverage maker Weller has raised $3 million in a funding round led by Brand Foundry Ventures, the company announced Friday. As part of the raise, Brand Foundry founder and general partner Andrew Mitchell will gain a seat on Weller’s board of directors.
When it comes to challenges in legal cannabis, regulatory hurdles are only one issue facing young THC and CBD brands. New entrants to the category must also contend with product quality and efficacy, reliable sourcing, and establishing strong business connections within the CPG industry.
