News

In this week’s distribution news, sauce maker NotJustCo and dipper snack brand Sunnie go into Target locations and Humble Seed continues to expand in the Southeast.

Simply Good Foods, parent company to both the Atkins and Quest Nutrition, reported 17% sales growth with gross margins of 37.6% in its Q4 earnings call.

In a lawsuit against the equipment company that Smashmallow founder Jon Sebastiani said ultimately caused its downfall, a $21 million verdict has provided “a sense of redemption.”

Dive into all the with NOSH’s Weekly Briefing with all the top news from last week including Eat The Change’s $14M investment, a pivot by Yolélé into becoming a fonio supplier and a podcast interview with Wilde Brands about lessons in rebranding.

In this week’s notable new products roundup, Patagonia Provisions spices up its line of tinned fish products, Lenny & Larry’s introduces a protein-packed chocolate-covered wafer bar and Ruby Hibiscus Water collaborates with Bjorn Corn on a new snack.

Wilde Brands founder and CEO Jason Wright talks about broadening the product’s positioning through rebranding, maintaining investor buy-in amid changes and how it is currently strategizing growth in new channels.

Better-for-you Mexican food brand Tia Lupita has closed a $2.6 million funding round led by Santatera Capital and GBM Ventures to support product innovation and expansion into new markets. The entire round was raised by Mexican investment institutions.

Eat the Change (ETC) has brought in another $14 million in growth capital to fuel its quest of changing consumers’ eating habits by widening distribution of Just Ice Tea and further testing its Cosmic Chews snacks.

Daily Harvest founder and CEO Rachel Drori is stepping away from overseeing day-to-day operations at the frozen food company, turning the reins over to chief supply chain officer Ricky Silver.

Since the onset of the pandemic, a volatile economic climate has harshly impacted consumer-facing businesses’ ability to raise funding due to increased cost of capital and unpredictable product demand.