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.
Investment
Dive into the latest stories, interviews, and discussions relating to investment, funding, and mergers and acquisitions throughout the beverage industry. Explore what the financial future looks like for beverage entrepreneurs in terms of capital availability, deal terms, lending, and the strategic marketplace in order to help shape your planning strategy for the short and medium term.
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Featured Investment Content
Daily Briefing (Insiders Only): Big Weed Bets on Bevs
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.
Uncle Arnie’s Raises $7.5M, Targets ‘Category Leadership’ in THC Drinks
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.
Additional Content
Poppi Closes CAVU-Led $25M Series B Round
Prebiotic soda producer Poppi has closed a $25 million Series B funding round backed by existing investor CAVU Venture Partners, the company announced today. The new financing arrives as Poppi reports 148% year-over-year growth amid a significant retail expansion.
Watch: Kroger and Albertsons CEOs Take The Stand In Senate Hearing
Senate committee members attempted to extract Kroger and Albertsons’ “side of the story” during a hearing on the $24.6 billion merger. Here are some highlights from the two and a half hour testimony.
Emmi Group Merging Specialty Dairy Businesses Into Darey Brands
Swiss-based Emmi Group is consolidating its Redwood Hill Farm and Jackson-Mitchell dairy producers under a new subsidiary called Darey Brands, formalizes the partnership that the two companies have had in place for the last five years.
MALK Raises $9M To Support Retail Growth
Alternative dairy brand MALK announced the close of a $9 million Series B round today to support the brand’s recent shift into national distribution.
Kroger/Albertsons: CEO’s Face Merger Opposition In Senate
The CEOs of Kroger and Albertsons Companies faced intense criticism from the Senate Judiciary Antitrust Subcommittee during a hearing yesterday regarding their proposed merger.
PINATA Raises $10M To Expand Front-Line Workforce Optimization
Task management software company PINATA has raised $10 million to help address front-line worker optimization as its customers prepare for a recession to “connect the C Suite to the street.”
Winn-Dixie Owner Southeastern Grocers Exploring Sale
The Florida-based operator of the Winn-Dixie and Harvey’s supermarkets, is reportedly exploring a sale and is in talks with prospective buyers, furthering concerns of more consolidation in the grocery channel.
Poppilu Acquired by Juicy Juice, SUNNYD Maker Harvest Hill
Poppilu, maker of organic ready-to-drink lemonade for kids, has been acquired by American Beverage Corporation for an undisclosed fee, the company announced today.
Tilray to Acquire Montauk Brewing
Global cannabis firm Tilray is adding an East Coast craft brewery to its growing brewery portfolio, with the acquisition of Montauk Brewing Company. Financial terms of the transaction were not immediately disclosed, but the deal is for 100% of the New York craft brewery.
Sesh Hard Seltzer Maker XED Beverages Acquired by Next Century Spirits
Spirits portfolio company Next Century Spirits has acquired XED Beverages, the maker of cocktail-inspired hard seltzer brand Sesh. Financial terms of the transaction were not disclosed.
Campari Acquires Wilderness Trail, Extending Bourbon Interests
Campari Group is boosting its Kentucky bourbon portfolio by taking a majority stake in Wilderness Trail Distillery, the company announced today. The move comes at a time when American whiskey continues to rise, and particularly higher-priced brands.
Nestlé to Acquire Seattle’s Best Coffee Brand from Starbucks
Nestlé has reached an agreement to fully acquire Seattle’s Best Coffee, a dry coffee brand owned by Starbucks, four years after the Swiss conglomerate obtained global marketing and distribution rights to the brand.
Pernod Ricard Acquires George Strait’s Codigo 1530 Tequila
Pernod Ricard announced on Monday that it had acquired a majority stake in Código 1530 Tequila, the ultra-premium tequila co-founded by country music singer George Strait.
Diageo Acquires Cold Brew Coffee Liqueur Brand Mr Black
Global spirits conglomerate Diageo has acquired premium cold brew coffee liqueur brand Mr Black, in which it previously held a minority stake, the company announced today. Terms of the deal were not disclosed.