Magic Mind Secures New $12M Investment
Mental performance shot maker Magic Mind secured $12.4 million of a nearly $16 million round as it grows its retail footprint.
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Mental performance shot maker Magic Mind secured $12.4 million of a nearly $16 million round as it grows its retail footprint.
If beverage entrepreneurs somehow thought the THC drink business would be more “chill” than the non-infused side, they might soon learn a hard lesson.
Cannabis beverage brand Uncle Arnie’s is planning to nearly double its team from 40 to 75 employees after closing a $7.5 million investment round co-led by Mindset Capital and Delta Emerald Ventures.
After testing the market for a premium sports drink for the past two years, Barcode is ready to move into national distribution. Recently, the fitness water hired a new COO to help scale the brand for a larger distribution push and new innovation in 2023.
Roar Organic secured a $6 million capital infusion to expand its sales and marketing teams as it increases its grocery retail presence and prepares for fresh innovation in 2023.
Zico Rising has raised $14 million, according to an SEC Form D filing submitted on January 27. SEC documents also indicate the company closed a $4 million round in December marking the company's first capital raises since Mark Rampolla, the founder of Zico, purchased the company back from the Coca-Cola in early 2021.
Unilever has appointed former H.J. Heinz executive Hein Schumacher to lead the CPG company effective July 1 reaffirming the multinational company's commitment to its food brands.
Botanical products manufacturer AMASS has made its first acquisition, purchasing the operating assets of direct-to-consumer wine subscription platform Winc, in an effort to expand its alcohol business beyond spirits and hard seltzer.
Richard’s Rainwater announced the completion of the world’s largest potable rainwater collection site in Louisiana, setting its sustainability sights on reducing its carbon footprint with a network of decentralized collection and distribution hubs.
Yerba mate company Guayaki has raised $75 million in a funding round, according to a January 13 SEC filing by the company. The filing reflects over half of the company’s $142.8 million offering amount in the equity fundraise, with $67.8 million remaining to be sold.
De La Calle president Danielle Calabrese has left Here Studio's tepache beverage brand. Wheatgrass RTD company MāKā brought on Jeff Maher to lead a national distribution push in natural and industry veteran Dave Peacock has been appointed the new CEO of Advantage Solutions.
Non-alcoholic brands DRY and Drink Monday add to their management teams in order to push the respective brands further into retail. BodyArmor loses a longtime marketing executive and KeHE Distributors announces CEO succession plan.
Slate Milk closed a $10.5 million funding round that will fuel a national distribution push and support a new product launch in coming weeks.
JPG Resources has acquired RodeoCPG’s Brooklyn-based R&D team allowing JPG to better serve brands in the Big Apple, while Rodeo pivots toward becoming a targeted, tech-forward sales management platform.
After shutting down operations last year, Portland, Oregon-based probiotic tonic brand Good Wolf has relaunched under new ownership. Good Wolf announced the relaunch last week alongside a refreshed website featuring Hibiscus Bloom, Ginger Lemon and Pina Colada flavors in 12 oz. cans, but products have been back on the market for several months according to the brand’s new owner, Nathan Keane.
Cometeer, the Massachusetts-based maker of flash-frozen coffee pods, laid off a number of employees across departments last week in a move sources described as an attempt to cut costs. The innovation-focused startup had grown to over 100 employees this year, following a $35 million funding round in 2021 that brought its total financing to around $100 million.
Washington State’s Supreme Court extended the block on Albertsons' $4 billion special dividend payment to shareholders late last week by granting the state attorney general’s (AG)’s request for emergency injunctive relief.