Adrianne DeLuca

PepsiCo’s first ever Greenhouse Accelerator: Juntos Crecemos Edition is intended to help drive growth for startup Hispanic-owned food and beverage businesses. This is the first time that the program has focused specifically on a social equity cause.

Deeming 17-year-old Michele’s Granola an overnight success would be both far-fetched as well as an understatement. But unexpected explosive growth amid the early days of the pandemic has propelled the Baltimore-based business forward at a time when founder Michele Tsucalas believed it may have been slowing down.

Seal The Seasons is one of the most recent brands to make staff cuts. As it implements additional cost cutting measures, the company expects these actions to bring the business to profitability this quarter.

Air dried meat snack company Stryve reported a 1.3% decline in net sales year-over-year to $5.4 million in Q4, largely due to the company’s SKU rationalization efforts and other cash conservation measures.

In this week’s roundup: A new report finds consumer perceptions of MSG are shifting, Nestle and Cargill invest $15 million into regenerative ag projects, Mila partners with Simu Liu, Faiir Initiative publishes warning for livestock producers and Last Crumb goes gluten-free.

Celebrity-backed Rob’s Backstage Popcorn announced the closing of a $7 million funding round today led by the VC firm of DJ and music producer Kygo, known as the Palm Tree Crew.

Alexandre Family Farm believes old farming practices are in need of new rewards and more support for the environmental ecosystems and rural communities they help sustain.

UNFI is facing legal action from shareholders after allegedly providing false and misleading financial information following the roll out of its Value Path cost savings initiative, launched in the wake of pandemic-induced supply chain volatility.

Alternative protein player New Age Eats, formerly New Age Meats, won’t be ushering in a new age of proteins under either moniker. On Friday New Age’s founder and CEO announced that the food tech startup is shutting down.

In this week’s roundup: Manufacturers are set to see cash flow improvements as supply chains challenges ease up; General Mills reports double digit sales growth; Employees report layoffs at Perfect Day; and WayFare earns new allergy free cert.