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Food and beverage industry news.
DayDayCook Pivots to Bitcoin, But its CPG Portfolio is AWOL
DDC Enterprise Limited, which does business as DayDayCook, has raised a whopping $124 million in equity financing – but it doesn’t seem likely that much, if any, of it will be put into the Hong Kong-based company’s recent CPG acquisitions.
Alec’s Ice Cream Scoops Up $11M To Support Regen Supply Chains
A2 dairy-based brand Alec’s Ice Cream has raised an $11 million Series A round to support farmers building regenerative supply chains and accelerate growth.
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Pacha Goes Beyond Bread With Gluten-Free Tortillas
Gluten-free bread brand Pacha is launching a sourdough tortilla line after scaling its sprouted buckwheat products in Whole Foods.
From Ocean Floors To Store Shelves: Seafood Accelerator Champions West Coast Groundfish Revival
West Coast seafood industry group Positively Groundfish has launched an accelerator to help rebuild a market for the fishery’s species.
How SMASH it! Foods is Catering to the ‘Modern’ Seafood Consumer
The Plant Based Seafood Co. this month is launching SMASH it! Foods, a new line of Superfood Salmon Balls.
McCormick Balances Tariff Pain with Demand for Reformulated Recipes
McCormick is caught in the middle of all of the current headwinds, but the true impact of all of those external forces have yet to be realized on the business, executive claim.
Magnolia Table Debuts Frozen Baked Goods Line, Supported by Springdale Ventures Investment
Magnolia Table is stepping beyond its restaurant roots and into the world of packaged food with a frozen baked goods collection.
Pip’s Drops Corn In Rebrand Name, Adds Avocado Oil
Pipcorn has rebranded to Pip’s Heirloom Snacks as it transitions its portfolio from seed oils to avocado oil.
How CPG Operators Are Hedging Against Tariff Turmoil And Cash Crunches
The CPG space is tough, and plenty of businesses are working to ensure they have plenty of cash on hand amid the ever-changing tariff situation, tight investment environment and whatever else is still to come. Some are bridging those gaps with lines of credit.
Climax Foods Rebrands As Bettani Farms, Raises $6.5M
Alternative dairy ingredient provider Climax Foods has rebranded as Bettani Farms amid new leadership and a $6.5 million investment.