Martín Caballero

UK-based wellness brand TRIP has closed a $12 million funding round as it expands from CBD-infused drinks and oils into gummies.

Plant-based protein brand OWYN has secured growth investment from Purchase Capital, an affiliate of its parent company United Nutritional Brands, as well as from Hammock Park Capital LLC and PowerPlant Ventures, the company announced today.

After hiding in plain sight for years, could low-acid coffee be having something of a moment? While it may represent just a fraction of the larger coffee market, the low-acid segment has become a small but steady profit generator for a handful of rising brands looking to separate themselves from the pack, whether as a central element or as a complementary piece.

Food conglomerate Mondelēz International has agreed to pay $2.9 billion, with additional contingent earnout consideration, to acquire organic snack bar maker Clif Bar & Company.

To say that Chamberlain Coffee is built around its eponymous namesake is to belabor the obvious. At just 21-years old, vlogger Emma Chamberlain has built an audience of 26 million followers across Instagram and YouTube without much of a gimmick to speak of; her videos include activities like driving, cleaning her apartment and making lots of coffee.

Despite strong online and in-store numbers that helped push a 26% increase in year-over-year net sales to $9.6 million, Laird Superfood reported a net loss of over $14 million during Q1 2022, according to an earnings report released by the company on Friday.

Founded in 2014, the veteran-owned company has attracted attention from within and outside the beverage industry, thanks in large part by both the popularity of its pro-military merchandise and its expanding ready-to-drink product family. In February, Black Rifle went public via SPAC in an IPO valuing the company at around $1.7 billion. The company plans to reorganize as a public benefit corporation to reinforce its mission of serving veterans, law enforcement and first responders, including a commitment to hire 10,000 veterans.

For better or worse, the visage of Juan Valdez, a fictional marketing vehicle created by the National Federation of Coffee Growers of Colombia, has become inextricably linked to the worldwide perception of Colombian coffee. The humble coffee farmer, always with his trusted burro Conchita by his side, symbolizes the global appeal and heritage of the South American nation, but perhaps in a way that at best overlooks and at worst trivializes the passion and dedication behind Colombia’s coffee farmers and their unique crop.

Coffee wholesaler Westrock announced today it is merging with Riverview Acquisition, a special purpose acquisition company (SPAC), to go public in a transaction that values the combined company at just over $1 billion.

Two of Canada’s major cannabis producers are coming together after Tilray Brands agreed to take on $211 million of debt from HEXO, a resolution that will allow the latter brand to shake off its “crippling overhang” by providing Tilray with “significant equity ownership position,” according to a press release.