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.
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
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.
The Pathfinder Lands $3.6M to Fuel National Expansion
A spirits group known for its vodka is pouring more money into its adult non-alc (ANA) business. The Pathfinder, a fermented and distilled non-alcoholic amaro, closed a $3.6 million raise this month led by the Stoli Group, aimed at fueling expanded distribution.
Additional Content
Infinium Spirits Buys Banana-Flavored Howler Head From Campari
Campari’s Howler Head Whiskey has been acquired by San Diego-based group Infinium Spirits, joining an expanding portfolio that includes Templeton Rye, Corralejo Tequila, Zaya Rum and Seagram’s Vodka.
Report: Pepsi Closing In on Poppi Acquisition
PepsiCo is close to acquiring prebiotic soda brand Poppi in a deal valued at over $1.5 billion, according to a report published in Bloomberg this morning, citing sources with knowledge of the matter.
SipMargs Lands $3M, Influencer Alix Earle For Revamp
SipMARGS, a ready-to-drink (RTD) sparkling margarita brand has revamped its liquid and landed $3 million from new investors, including powerhouse social media influencer Alix Earle.
Snoop Dogg, Harmony Craft Bevs Partner on Functional Drink Co
The legendary rapper and entrepreneur announced a strategic investment and partnership with Craft Harmony Beverages today that brings along both his existing range of THC-infused beverages and his considerable cultural cache.
Big Deal: The Most Important Beverage Transactions, 2024
Even in a tough year, beverage brands that were able to show organic growth were also able to find investors willing to back expansion. Investors remained interested in the energy drink and modern soda categories, as well as protein-enhanced drinks and NA Beer.
Universal Pure Buys Dora’s Naturals’ HPP Business
Northeast distributor Dora’s Naturals is out of the High-Pressure Processing business as the company has sold its HPP assets to Universal Pure Holdings LLC, a cold chain food safety solutions provider.
Analysis: Alani Nu & Celsius Deal Sparks Distro Realignment, Possible KDP Rethink?
Together, Celsius and Alani Nu are expected to drive around $2 billion in sales across the combined portfolio – that’s if the two brands don’t cannibalize each other first.
Celsius Acquires Alani Nu for $1.8 Billion
The energy drink market just got a little smaller, as Celsius Holdings announced today it has agreed to acquire competitor Alani Nu for $1.8 billion, comprising a mix of cash and stock.
Constellation Brands Takes Minority Stake in Hiyo Non-Alc Functional RTD Brand
Continuing to bolster its adult non-alc (NA) portfolio, Constellation Brands has acquired a minority stake in Hiyo, a functional ready-to-drink tonic, the company announced today.
Brother’s Bond Bourbon Lands $7.5M, Talks Global Expansion
Another round of investors has gone batty for Brother's Bond Bourbon, the whiskey brand founded by co-stars of the teen TV drama series Vampire Diaries.
Aura Bora Acquired by Next In Natural
Sparkling water brand Aura Bora, known for its creative can designs and botanical infused flavors, has been acquired by New York-based investor and brand collective Next In Natural.
Tru ‘Aligns Further’ With Polar Beverage On $4.6M Round
Functional drink Tru recently closed a $4.6 million funding round highlighted by further alignment with Polar Beverage who will now be handling manufacturing, distribution and warehousing for the brand.
UPTIME Energy Acquires RISE Brewing Co.; New Glass Bottle Line Targets C-Stores
UPTIME Energy has acquired cold brew coffee maker RISE Brewing Co. in a deal that aligns two established independent brands in their respective categories into a fully integrated new platform.
Molson Coors Strikes Strategic Deal with Fever-Tree, Takes 8.5% Stake
Molson Coors Beverage Company is getting in on the mixer set with a new strategic partnership with Fever-Tree, taking an 8.5% minority stake in the business and granting the alcohol giant exclusive U.S. commercialization rights to the premium brand beginning February 1.