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
Jay-Z’s Marcy Venture Partners Backs The Finnish Long Drink
Jay-Z’s Marcy Venture Partners is the latest group to invest in ready-to-drink brand The Finnish Long Drink, the company announced today.
Kristen Bell Joins PLEZi as Investor, Brand Partner
Actress and experienced CPG investor Kristen Bell announced today that she has joined PLEZi, the kids drink brand co-founded by former First Lady Michelle Obama, as an investor and brand partner to grow brand awareness and accessibility.
OWYN Acquired By The Simply Good Foods Company
The Simply Good Foods Company (SGFC) is adding more muscle to its brand lineup. The publicly-traded company announced today it will acquire Only What You Need (OWYN) for $280 million in a cash transaction.
Struggling CPG Lender Ampla Up For Sale; Brands Face Credit Concerns
An important source of working capital for early stage food and beverage entrepreneurs is in turmoil as fintech consumer brand lender Ampla and its investors have spent the last several weeks fighting off collapse.
Pernod Ricard’s Ace Beverage Group Acquires Canadian RTD Nude
Pernod Ricard-owned Corby Spirit and Wine, Canada’s second largest marketer and distributor of spirits and wines, has agreed to purchase RTD brand Nude for $8 million ($11 million CAD).
Kroger/Albertsons: 166 Stores and Support Assets Added To Updated Divestiture Plan With C&S
Two months after the FTC completed a review of Kroger and Albertsons’ proposed supermarket mega-merger and filed a lawsuit to block the deal, the grocery chains have added more store locations and assets to an updated version of their definitive divestiture agreement with C&S Wholesalers.
Expanding Its Portfolio, Next Century Spirits Acquires Southwest Spirits & Wine
Next Century Spirits, the spirits supplier behind American single malt whiskey Bear Fight, has acquired a majority of Southwest Spirits & Wine brand assets, the company announced today.
Spirit of Gallo Backs Mexico’s Condesa Gin to Boost Super Premium Portfolio
Spirit of Gallo is adding a new Mexican spirit to its portfolio by making a strategic investment in Mexico City’s Condesa Gin, which it will also import, the company announced today.
Once Upon A Coconut Makes Growth Leap, Adds Investors
Once Upon A Coconut has expanded its footprint by devoting resources to ramping up retail distribution and strategizing new ways to reach a broader audience on the back of support from new big name investors.
Report: Funding Climbs in Q1, But Flows to Fewer Brands
Venture investment in food and beverage brands is at its highest point in two years, according to the latest Q1 2024 report from research group The FABID. But that doesn’t mean the market isn’t still tight, as well.
Founder Haydon Taps Matt Witherell As Nutpods’ Next CEO
Alt-Dairy creamer brand Nutpods has a new CEO. Founder Madeline Haydon said today she is moving on, passing the torch to new CEO Matt Witherell, the former CEO of Humm Kombucha.
Flyers Hemp THC Cocktail Brand Takes Flight with Series Seed
Hemp-based beverage brand Flyers Cocktail Co. announced this week that it closed a Series Seed funding round led by cannabis-focused investment firm Delta Emerald Ventures. Now the brand’s co-founder and CEO Craig “Lewie” Lewis says the company is off the ground and cruising.
Becoming an Attractive Target: Four Keys to Securing Investment for Spirit Companies
What makes a spirit company a good target for acquisition? That’s the question a panel of experts answered at the DISCUS annual conference in San Diego earlier this month.
Morgan Wallen-Backed Ryl Tea Targets Awareness, Accessibility Via DSD
As a fast-rising company in a fast-growing category, Ryl Tea is at an early inflection point in its short lifespan. Speaking about its run thus far, CEO and founder Blodin Ukella emphasized the brand’s attention to efficiency, cash flow and judicious P&L.