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Food and beverage industry news.
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.
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NOSH's video content includes thousands of video interviews with leading industry experts and topics such as investing, e-commerce, branding, current events and more.
Le Sauce & Co. Launches and Expands to Target
Le Sauce & Co., a fast growing premium food brand with a line of gourmet finishing sauces is expanding this month. Le Sauce can now be found down the condiments aisle of Target. Making family dinner time delicious and an elevated meal experience is the mission of this women and family-owned brand.
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.
Nutrition Brand Aila Acquired by Ex-Olympian Entrepreneur Team
Aila, a maker of pre-workout wellness powders, has been acquired by retired Olympic athletes Andrew Steele and Greg Rutherford for an undisclosed fee.
Erewhon To Take a Bite Out of the Big Apple?
Get ready for a sea moss and adaptogen-enhanced summer, East Coasters: natural foods retailer Erewhon looks set to debut in New York City this June with a smoothie bar popup.