News

The J.M. Smucker Co. announced the results of its Q2 2021 earnings this week, highlighting a 1% increase ($16.0 million) in overall net sales and strong, positive momentum behind its food, coffee and pet product brands led the company to raise its full-year guidance for 2022.

Frozen plant-based meal delivery company Mosaic Foods yesterday announced it has raised $6 million in a seed round to support a planned retail launch as well as the growth of its direct-to-consumer business.

After a challenging year that has seen the company grapple with supply chain issues and a manufacturing change, sorbet maker SorBabes is ready for a fresh start with a new focus on frozen novelties. To support this new direction, the company has also debuted rebranded packaging and a social media campaign emphasizing the importance of indulgence.

Plant-based meat maker Impossible Foods announced today that it closed a $500 million funding round, bringing the company’s total capital raised to over $2 billion since it was founded in 2011. The round was led by Mirae Asset Global Investments, which also led the company’s $500 million round which closed in March 2020, in addition to participation by existing investors.

Collaborative community organization Naturally Los Angeles formally launched last week with the goal of increasing access to education, resources and capital for natural product companies based in Los Angeles in order to promote sustainable business practices and conscious growth.

For many consumers, the onset of autumn means one thing — pumpkin spice-flavored sweets and snacks. Brands put their own twists on the fall favorite flavor this season, with new limited edition launches from coffee and cereal to protein bars and peanut butter. Check out the gallery for this fall’s seasonal releases, including sweet potato granola from Jamie’s Farm and a charitable launch from Once Upon a Farm.

In this week’s Checkout: Sundial Foods Closes $4 Million Seed Round, Stryve Reports Third Quarter Earnings and Jameela Jamil Joins Oathaus as Investor and Social Impact Advisor.

Wholesale food distributor KeHE is rolling out a new look for its private label food brand Cadia in tandem with the debut of a new non-organic line under the banner. Cadia, which sells exclusively to independent grocers, is looking to establish a more eye-catching presence throughout the aisles while also offering price sensitive shoppers more options.

For just the second time ever, NOSH accepted nominations for the awards, resulting in 389 nominations spanning a wide field of brands, products, and campaigns that reflected the diversity and rich tapestry of our food industry.

Chobani Inc. filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC) yesterday, listing the maximum size of the offering as $100 million, subject to adjustment. The yogurt and beverage company did not disclose how many shares it plans to offer and when the listing would take place.