The results found that sales of sugary beverages dropped 51% in the first year after the city’s soda tax took effect in 2017. The tax also led to an increase in beverage prices and a sharp decline in volume sales, dropping from 2.475 billion ounces in 2016 to 1.214 billion ounces in 2017, according to the report.
In the cannabis business, there’s still so much in motion from a legal standpoint that entrepreneurs are constantly subject to regulatory and financial uncertainty. So how do you navigate the river when its path keeps moving? We’ll talk about it at Cannabis Forum next month, with experts who spend their days charting the course.
Last week, Eater analyzed the eternal cool factor of AriZona Iced Tea, the 99 cent 24 oz. gas station mainstay which hit shelves in 1992. The brand has withstood the test of time, somehow avoiding the trappings of trendy 90s nostalgia to become what Eater calls simply “a mood.”
Arlington, Va.-based Commonwealth Joe, which roasts, brews and provides kegs of cold brew to clients on the East Coast, is one of several partners across the country working with Smart Beverages Technologies (SBT) as a provider of the company’s Kegerator Vending Machines (KVM), an innovative self-serve concept that aims to address one of the major hurdles to cold brew providers.
Snowing in Space Enters Whole Foods Mid-Atlantic; Nitro Beverage Co. Signs with Rainforest Distributing; Petal Plots Nationwide Expansion Plan; Vita Coco Adds Life Time Locations; BUBBL’R Grows Midwest Distribution
The company generated $8.4 million in net sales during the first quarter, up 2% from 2018. Sales of the core Reed’s Ginger Beer line were up 15% while craft soda Virgil’s grew 46%. Gross profit increased 9% to $2.5 million and gross margin increased 185 basis points to 30%.
Arpit Bhopalkar is the co-founder and CEO of Bhoomi, a mission-based brand that makes cold-pressed sugar cane beverages. The company hopes to change consumers’ perception of sugar cane and it’s health benefits, while supporting minority farmers in the U.S. and focusing on sustainability.
Launched this spring, Greenbelt Craft Kombucha is an Austin-based brand of raw “craft kombucha” that is packaged in 12 oz. cans and available in four flavors: Peach Blossom White Tea, Strawberry Fields Rooibos Tea, Blood Orange Yerba Mate, and Hibiscus Berry Black Tea.
Better-for-you booze? It may sound like an oxymoron, but a growing cohort of healthier alcoholic beverages have been finding a receptive audience in recent years. That’s certainly the case for Boochcraft, a three-year-old hard kombucha brand that’s made waves in its home market of Southern California.
Last month, United Natural Foods, Incorporated (UNFI) announced it will cease to carry topical CBD products, a potential deal killer for companies charged with driving large quantities of the hot button ingredient across state lines.
With the proliferation of brands entering the oat-based category, establishing a point of difference can be difficult -- but oat-based drinkable yogurt maker Hälsa (formerly Simpli) is aiming to create space for itself by highlighting its nutritional content and ultra-clean production process.
After spending much of last year restructuring and rebranding its beverage product portfolio -- alongside a December merger with CPG wellness company Morinda -- New Age Beverages Corporation reported triple-digit growth in the first quarter of this year, according to an earnings report released Friday.
In 30 days the beverage industry will meet for BevNET Live Summer 2019 at the Metropolitan West in New York City. The conference is a snapshot of industry evolution, the time and place where beverage entrepreneurs and experts discover what’s next and get business done.
We’re ready to reveal the official agenda for the Cannabis Forum for Food and Beverage, presented by BevNET and NOSH, on June 14th in New York City. The agenda for next month’s Cannabis Forum features conversation-provoking topics ranging from cannabrand building to regulations to financing and investment.
