Martín Caballero

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.

Iowa-based BLK & Bold Coffee has announced a multi-year partnership with the National Basketball Association (NBA) to support the company’s “5% For Our Youth” charitable initiative through the release of a new roast, called The Warm Up.

The journey towards federal regulation for the legal use of CBD in food and beverage products took another step forward today with the introduction of the Hemp Access and Consumer Safety Act in the U.S. Congress.

Nestlé Health Science has acquired hydration tablet brand Nuun for an undisclosed fee, the company announced today. The deal is expected to close in Q3 2021.

Fair Trade USA and Chobani announced yesterday the formal launch of a certification program for dairy farms and cooperatives “that provides financial premiums to dairy farmers and workers, which will help protect and empower them while raising sustainability standards,” according to a press release.

Oat-based product maker Oatly (Oatly Group AB) has officially filed for an initial public offering. The much-heralded Swedish company, which entered the U.S. in 2017, has emerged as leader in the $2.5 billion plant-based milk space, which now represents 15% of the milk category according to data from the Plant Based Foods Association and the Good Food Institute.

PepsiCo reported net revenue growth of 6.8% in Q1 of this year, a figure that “reflects the benefits of (its) highly strategic acquisition activity” and “continued investment in our brands, manufacturing capacity, supply chain and go-to-market systems,” the company reported this morning.

Target is committing over $2 billion towards supporting Black-owned businesses through the end of 2025, the retailer announced today, as part of a broader effort to use its “size, scale and resources to create opportunity” for those companies

Recess Mood takes the New York-based brand into a different state of mind. While the flagship product offered a sense of “calm, cool and collected” through a combination of hemp extract and adaptogenic herbs, Mood is positioned as a caffeine and CBD-free “uplift” delivered via a proprietary blend of magnesium L-theorate.