Headlines
IHOP, Kraft Heinz Team Up To Release Syrup-Flavored Coffee
If you’ve been craving the taste of buttery syrup in your morning coffee, wait no longer: IHOP continues to leverage its licensing arm, this time partnering with The Kraft Heinz Company to introduce a pancake-inspired line of packaged coffee hitting stores today.
Beyond Meat: Shareholder Lawsuit Alleges Leadership Overstated Success of QSR Partnerships
Beyond Meat was issued a class action lawsuit by institutional shareholders alleging that the plant-based meat company’s executives knowingly misled its investors about the strength of the company’s manufacturing and foodservice partnerships while, in the process, profiting on the inflated share price.
Prime Roots Raises $30M To Put Koji Meat In The Deli Case
Prime Roots is one step closer to bringing its sliced-to-order koji-based meats to deli cases and restaurants across the country with today’s announcement of a $30 million in new funding to scale the business for national distribution.
News Roundup: Congress Seeks To Increase Access to Frozen Produce, Motif FoodWorks Launching Foodservice Portfolio
A bipartisan bill in Congress will offer SNAP recipients access to frozen produce, Motif FoodWorks is launching a foodservice portfolio of its plant-based meat products and NFL quarterback Aaron Rodgers’ private equity firm RX3 Growth Partners announces a $150M fund II.
Notable New Products: Velveeta-infused White Chocolate Truffles & Moo Point Coffee
In this week’s notable new products roundup, Compartes teams up with Velveeta for a unique collaboration, Central Perk rolls out new FRIENDS-themed coffee blends and RXBAR grows its morning and mini offerings.
Laird Reports Q1 Net Loss of $4.1M, Continues Turnaround Efforts
Laird Superfood announced a net loss of $4.1 million in Q1 2023 as the plant-based food company continues its turnaround efforts.
NOSH Podcast: Being Hardheaded Has Its Benefits, Particularly During A Reboot
On the NOSH Podcast, the team discusses the strategies brands use to boost perception of their sales strength, the Chicago Venture Summit, the impact of SPACs in CPG and an interview with FitJoy president Norman Taliaferro.
Factory, LLC Opens Up Manufacturing Arm
Factory, LLC’s name got a little more literal as the food and beverage investor and brand incubator opened up a 75,000 square foot co-manufacturing facility this year.
Beyond Meat: “Tangible Progress” To Cash Flow Positive Future Despite Q1 Losses
Beyond Meat showed “solid progression” in its goal to become cash flow positive despite a net loss for Q1 2023 while also announcing a $200 million “at the market” new stock offering to help bolster its cash reserves.
Erewhon Nixes NYC Popup Plans
Despite previous indications on social media by an Erewhon executive, a spokesperson for the natural products retailer said it will not, in fact, be opening a previously teased New York City popup.