News

The U.S. Food and Drug Administration (FDA) is looking for Congress to take charge in regulating cannabinoid (CBD) products after concluding the agency’s existing authority over food additives and supplements does not provide all the necessary tools for managing the risks of CBD.

This weekend, the animal-free meat manufacturer took out a full page ad in the New York Times and issued an online statement responding to a critical Bloomberg Businessweek cover story which labeled the “fake meat” category as “just another food fad” that had failed to deliver on its promise to revolutionize the meat industry.

In the latest episode of Elevator Talk, we feature leaders from Schmutz, Nature’s Turn, Single & Fat and Sweety. Watch founders and CEOs introduce their brands and provide a recap of recent news and updates. This week’s special co-host is Rifle Hughes, a business partner with JPG Resources, who shared his thoughts, questions and feedback with the participants.

Prebiotic protein bar maker Rowdy has announced it will halt production of its flagship product this year, blaming rising input costs, coupled with the pandemic-induced economic climate, that made the product too costly to manufacture.

Plant-based seafood maker ISH Food Company has raised a more than $5 million seed round that will fuel its product innovation and “lay the groundwork for future partnerships,” according to a press release published Tuesday.

Wholly Veggie co-founders John Bonnell and David Gaucher spoke about how a comprehensive brand brief enabled them to better understand their products’ value to retailers and consumers and the impact of a striking design revamp. They also discussed their adherence to business fundamentals, a challenging environment for private capital and how the most commonly consumed ingredients factor into their innovation strategy.

With consumers spending more time at home since the beginning of the pandemic and the pain of inflation cutting into meal budgets, snacking has become an even more important part of consumers’ routines and one that increasingly serves as a meal replacement, according to Mondelez International’s latest State of Snacking report, released last week.

The fate of a putative consolidation accusing baby food maker Beech-Nut Nutrition Co. of violating consumer protection laws by including toxic amounts of heavy metals in its products is now in the hands of the Food & Drug Administration (FDA) after a New York federal judge on Thursday ruled the court does not have jurisdiction over the case.