Martín Caballero

The J.M. Smucker Co. completed the process of divesting from its natural and organic and grains businesses today. Under the terms of the $110 million transaction, which was announced in December 2021, private equity group Nexus Capital Management has acquired all assets and trademarks for brands R.W. Knudsen and TruRoots, together generating net sales of around $140 million in fiscal year 2021.

The J.M. Smucker Company continued to cull its CPG brand portfolio today with the announcement of an agreement to sell its natural and organic beverage and grains business to venture group Nexus Capital Management in a cash deal valued at around $110 million.

The company this week launched a line of coconut-based powder creamers available in three varieties: Think (Cacao Coconut with Lion’s Mane and MCT Oil), Gut Health (Vanilla Coconut with Probiotics and MCT Oil) and Balance (Original Coconut with Ashwagandha and MCT Oil).

Members of the U.S. House of Representatives have introduced a new bipartisan bill aimed at establishing federal standards for CBD food and beverage products. On Thursday, U.S. Representatives Kathleen Rice (New York), Morgan Griffith (Virginia), Angie Craig (Minnesota) and Dan Crenshaw (Texas) put forward the CBD Product Safety and Standardization Act, which, if passed, would… Read more »

Shares of Oatly fell by over 20% earlier today after the Swedish oat milk maker downgraded its revenue growth targets for the rest of this year.

The National Association of Convenience Stores (NACS) is suing the U.S. Occupational Safety and Health Administration (OSHA) over its updated COVID-19 vaccination and testing standards, the trade group announced on Tuesday.

After finding its own path, Lantern now has its new guide. Last week, the Boston-based cannabis delivery platform announced the promotion of its president, Meredith Mahoney, to co-founder and CEO.

Amazon has welcomed more than 100,000 brands to its U.S. store so far this year, and the company has introduced a suite of new services and user tools aimed at helping those brands gain customers and increase profits.

Whole Foods Market co-founder and CEO John Mackey today announced in an open letter addressed to “fellow team members” his intentions to retire next September after 44 years at the natural retailer.

Bread & Table, the parent company of Virginia-based roaster and retailer Grit Coffee, has acquired specialty coffee brewer Snowing In Space.