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.
Lifestyle brand Palm Tree Crew is taking a deeper stake in the beverage business with a new investment into functional CSD maker Cove Soda, bringing along a slate of celebrity partners with them. Terms of the deal were not disclosed.
Lucky Energy (formerly Lucky F*ck Energy) has closed an oversubscribed Series A netting $11.75 million in a round led by Brand Foundry with additional capital from Imaginary Ventures, Sapphire Sport and Sugar Capital.
Energy drink brand G.O.A.T. Fuel has drafted a new star investor with the addition of New York Giants outside linebacker Kayvon Thibodeaux, joining a roster of other NFL headliners now working with the brand co-founded by Hall of Fame receiver Jerry Rice.
Diageo has purchased leading non-alc spirit Ritual Zero Proof, the company announced today.
Billionaire spirits empresario John Paul DeJoria is expanding his portfolio announcing today the purchase of Waterloo Gin for an undisclosed sum.
Danone SA is making a move to acquire leading kefir manufacturer Lifeway Foods, offering $283 million, or $25 per share, for the publicly traded company, according to a Schedule 13D form filed yesterday with the U.S. Securities and Exchange Commission.
Can two legacy juice manufacturers become a major force in a stiff category? That’s the goal for California-based Perricone Farms after it announced this week it had acquired family-owned Natalie’s Orchid Island Juice Company for an undisclosed sum.
Craft juice company Perricone Farms is squeezing out new opportunities for expansion this week, having acquired Fort Pierce, Fla.-based Natalie’s Orchid Island Juice Company. Terms of the deal were not disclosed.
Specialty coffee and tea manufacturer BLK & Bold is kicking off football season with a new partner as the Black-owned business announced this week it has brought in College Football Hall of Famer Deion “Coach Prime” Sanders as co-owner and social change leader.
ZBiotics, a food tech startup developing a slate of functional CPG products made with genetically modified probiotics, has closed a $12 million Series A funding round led by Spring Tide Capital. Joining Spring Tide are several other CPG-focused finance firms, including Access Capital, Seamless Capital, Goat Rodeo Capital and Seaside Ventures.
At the onset of the COVID-19 pandemic, business owners were panicking at the thought of going under. For many, federal financial assistance programs felt like a lifeline. Now, some claim they are sinking the ship.
A big name in Napa Valley wine is moving into craft spirits. Charlie Wagner of Caymus Vineyards has acquired a majority stake in Spokane, Washington-based Dry Fly Distilling, the distiller announced today.
As it looks to expand its own branded line of NA wines in retail this fall, no- and low-alc drinks “curator” Sèchey announced last week it has received an investment from adult beverage-focused private equity firm InvestBev. Terms of the deal were not disclosed.
Siddhi Capital announced the closing of its second fund today at $135 million; the new vehicle marks the firm’s shift from startup to growth equity stage investments and a broadening beyond food and beverage.