News

Venture capital firm PowerPlant Partners today announced an investment in and partnership with holding company SYSTM Brands to launch SYSTM Foods, a new platform focused on acquiring sustainable and socially conscious food and beverage brands. Terms of the deal were not disclosed.

Portland, Oregon-based frozen food brand Rösti will reorganize under the name Crispy Filled Inc. after buying out business partner L2M Brands for an undisclosed sum, the company announced this week. The company partnered with L2M Brands, the venture arm of ingredient supplier Bridgewell Agribusiness, shortly after its 2019 launch and received a capital investment from… Read more »

While a sweeping, nationwide recall of one of Smucker’s flagship product lines, Jif, may have stunted gross profits this quarter, the CPG giant reported today that net sales increased 6% to $113.6 million during Q4 FY2022.

When The Coca-Cola Company announced last month its decision to discontinue Honest Tea by the end of the year, the brand’s founders were dismayed by what they believed was a shortsighted decision. Two weeks later, they’re brewing up a new line of better-for-you teas to take the mantle. Honest Tea co-founder Seth Goldman announced yesterday… Read more »

Don Lee Farms filed a lawsuit against Beyond Meat last week. Allegations against Beyond Meat include misleading consumers, touting inaccurate nutrition labels that violate FDA regulation, creating unfair marketplace competition and a range of underlying issues with the company by CEO Ethan Brown, who is described in the complaint as having “an appetite for excuses.”

IBC Heads to Cannaland New York-based advisory and investment firm InterContinental Beverage Capital (IBC) announced last month that it has partnered with tech company Cannaverse Technologies to serve as a brand advisor for Cannaland, a metaverse project intended to act as a hub for the cannabis consumers and members of the industry. According to Stephen… Read more »

Colorado governor Jared Polis has signed a bill that requires packaging producers and printed paper manufacturers to help operate and fund a new statewide recycling program that aims to increase recycling rates and create a circular economy for all recyclable materials, primarily plastic bottles, paper-based packaging and cans.

From spicy cocktail sauce to functional muesli to Minions-themed chickpea puffs, this week’s new food innovations cover a wide range of categories. Check out this gallery for notable new items, including a collaboration between Grillo’s Pickles and Ithaca Hummus and new frozen pizza options from Newman’s Own.

In this week’s Checkout: The Very Good Food Company secures capital to keep its doors open; Hormel reports double digit sales increase despite bird flu outbreak and inflationary pressures; and Danone North America commits to Zero Waste to Landfills by 2025.

Kansas-based milk alternative startup Strive Nutrition Corp. announced today it has partnered with Perfect Day for its first line of animal-free whey protein beverages, which will launch next month online with plans to enter brick and mortar retail later this year. The new milk line is led by Strive’s FREEMILK Whole product, a lactose-free milk… Read more »