Brad Avery
Posts by Brad Avery
Under NestFresh Umbrella, New Barn Preps Expansion
In June, plant-based food and beverage brand New Barn Organics was acquired by national egg producer NestFresh in a move that promised to allow both companies to provide a broader range of products and give the brand a new runway for growth. Nearly three months later, that promise is taking shape.
Free’ At Last? What The Miyoko’s Ruling Means for the Future of Plant-Based Food
Last week, plant-based cheese and butter maker Miyoko’s Creamery emerged victorious in what could be a landmark legal case for dairy and meat alternative CPG brands. Citing the company’s first amendment rights, a California judge ruled the company can continue to use terms such as “butter,” “lactose-free” and “cruelty-free.” However, while the case could provide plant-based brands with some much needed legal precedent to defend the practice of using meat and dairy terms on their labels, the fight ahead is anything but cut and dried.
garten Buys LeanBox and Grind Coffee
San Francisco-based office food service provider and snack delivery service garten today announced its acquisition of East Coast sister companies LeanBox, a provider of healthy fresh food kiosks, and Grind Coffee, an office provider of coffee kegs and beans. The deal gives West Coast-focused garten access to LeanBox’s East Coast accounts.
Tilray Acquires Majority of Debt and Warrants in Cannabis Retailer MedMen
Canadian cannabis producer Tilray Inc. has acquired a majority stake in dispensary chain MedMen in a $165.8 million deal, the company announced today.
Oatly: Q2 Earnings Hone in on Growth, Capacity Expansion
Oatly announced today Q2 revenue of $146.2 million, up 53.3% year-over-year in its first earnings report as a public company.
Welcome to Public Life: Lessons from the Oatly Short Report
Last month, still hot on the hype of its highly publicized May IPO, plant-based milk maker Oatly sustained its first major setback as a publicly traded company when Spruce Point Capital Management, a research firm focused on short selling, released a 124-page document claiming that the company had misrepresented its success and “will never achieve… Read more »
NotCo Raises $235M Series D Round
Food tech company NotCo announced today that it has raised $235 million in a Series D funding round led by Tiger Global, bringing its total financing to over $350 million to date. The funding will help the plant-based milk and meat producer to launch its food products in the U.S. and scale its proprietary A.I. technology platform.
Jones Soda Sets Stage to Enter Cannabis Market
Over two years after cannabis industry investment firm SOL Global took a minority stake in Jones Soda, the Seattle-based craft soda maker is finally preparing to launch infused edibles and beverages.
Pressed Juicery Rebrands to ‘Pressed’, Emphasizing Broader Offerings
Having long ago expanded its product offerings beyond the purview of juice, Pressed Juicery announced today that it has rebranded, simplifying its name to Pressed.
Danone Details Growth Plans for Harmless Harvest
Danone Manifesto Ventures (DMV) announced this week that it has acquired a majority ownership stake in coconut products maker Harmless Harvest. Speaking to BevNET, DMV CEO Laurent Marcel and Harmless Harvest CEO Ben Mand said the deal is primed to help the premium beverage and plant-based food maker to expand its presence in the global market.