Martín Caballero

Moving forward, Campbell said it will focus on its two core businesses in North America: Campbell Snacks and Campbell’s Meals and Beverages.

In California, a revised FAW issued by the state Department of Public Health effectively prohibits the sale of hemp-derived CBD products, while the debate over defining an identity for the plant-based dairy category moves forward.

The new investment, announced on Tuesday, brings total funding for Ample to $4 million.

Nestlé S.A. has acquired the global rights to sell packaged retail products from coffee giant Starbucks Corporation for $7.15 billion plus additional royalties.

The joint partnership between Buena Park, Calif.-based True Fresh and Edison, N.J.-based NutriFresh, announced last week, will make the combined entity the largest HPP tolling enterprise in North America.

Though financial terms of the deal were not disclosed, Jerry Bello, managing partner at Keen, told BevNET that the investment is structured as a long-term play that includes an immediate infusion of working capital in addition to future tranches.

Following the closure of cold pressed juice company Juice Served Here, co-founder and former CEO Alex Matthews now tasked with the job of evolving the visual identity for Forager Project as the plant-based food and beverage brand’s new chief marketing officer.

The Series C investment round was led by Euclidean Capital, with Goldman Sachs and Fall Line Capital joining existing investors Khosla Ventures, GV, and S2G Ventures also participating.

The seal, which reads “High Pressure Certified” and is available for licensing from the CPC, will debut on select HPP juice products, with further expansion into other categories set to follow in the coming months.

On Monday, ginger-focused food and beverage company Reed’s Inc. announced it had begun the process to sell both its manufacturing facility in Los Angeles, Calif and its confectionary line.