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Food and beverage industry news.
The Checkout: Awakened Foods Secures Investment; Good Catch Takes on Subway
In this week’s Checkout, Awakened Foods secures investment from Clover Vitality; Nestlé explores cultured meat technologies; and Good Catch takes on Subway with its #FishFreeForGood campaign.
Jones Soda Sets Stage to Enter Cannabis Market
Over two years after cannabis industry investment firm SOL Global took a minority stake in Jones Soda, the Seattle-based craft soda maker is finally preparing to launch infused edibles and beverages.
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Wicked Kitchen Raises $14M, Launches 20+ Items in the U.S.
After seeing success in the U.K. and bringing aboard CPG veteran Pete Speranza as CEO, plant-based food brand Wicked Kitchen announced today the closing of a $14 million funding round to fuel its global expansion.
Next Gen Foods Raises $20M Ahead of U.S. Launch of Plant-Based Chicken
Plant-based food startup Next Gen Foods announced this week that it has raised $20 million in a seed round extension following a $10 million seed round in February. The Singapore-based company plans to use the new capital to hire over 50 employees in the San Francisco Bay Area ahead of the U.S. launch of its plant-based chicken brand, Tindle.
Pressed Juicery Rebrands to ‘Pressed’, Emphasizing Broader Offerings
Having long ago expanded its product offerings beyond the purview of juice, Pressed Juicery announced today that it has rebranded, simplifying its name to Pressed.
Conagra Talks Price Increases, ‘Premiumizing’ Portfolio on Earnings Call
Lapping the pantry-loading sales surge of last spring, Conagra Brands net sales took a hit in the company’s Q4 and full fiscal year 2021 earnings report this week.
Danone Aims to Reinvigorate Its Greek Yogurt Sales
Restaging its decades-old Oikos brand, dairy conglomerate Danone hopes to bring new energy to its entry in the Greek yogurt segment. To do so, the company launched new products, and has plans to roll out advertising campaigns alongside refreshed branding to draw in new shoppers.
Federal Decriminalization of Marijuana Proposed in Senate
Senate Majority Leader Chuck Schumer introduced draft legislation today that would federally decriminalize marijuana.
Elevator Talk Ep. 38: Rowdy Bars, Brave Good Kind, Revolution Gelato, Nostalgia Coffee Roasters, Jackalope Energy
Episode 38 of Elevator Talk features leaders from Rowdy Bars, Brave Good Kind, Revolution Gelato, Nostalgia Coffee Roasters and Jackalope Energy. Watch founders and CEOs introduce their brands and provide a recap of recent news and updates.
Expanding Beyond Snacks, This Saves Lives Balances Social Impact With “Food First” Focus
Social mission is a core tenet of many food brands — but is it enough to support a company platform? For This Saves Lives, social impact has now become just one part of its recipe for success as a food brand. With an expanded suite of offerings aimed at kids and refreshed messaging focusing on nutrition, the brand is now working to raise consumer awareness about the products themselves and establish itself as a “food first” company.