News

The past few weeks have seen multiple investments in the red hot CBD space from existing CPG investment firms, as well as deal news in other trending categories such as alternative protein and the frozen food aisle.

FDA advises on upcoming labeling changes, Hershey talks protein plays in its Q3 earnings call, Beyond Sausage hits Pizza Hut and more in this week’s Checkout.

To feed the rising demand for plant-based foods, tofu pioneer House Foods America Corporation is increasing its production by 50%.

Stacie Skinner is the founder and CEO of Lopaus Point, a frozen waffle company that’s offering the taste of homemade with the convenience of toast-and-serve products. Paying special attention to ingredient choice, the brand crafts gluten-free and allergen-friendly waffles without the use of sugar.

For Italian food brand Rao’s, clean-label isn’t a new concept. After seeing success in sauce, the company is steering toward new categories, expanding its homestyle cooking with a new line of jarred soups and frozen entrees.

Jeffrey Hollender, co-founder of pioneering natural products brand Seventh Generation, spoke about the company’s ambitious mission and how the company found its footing after years of stagnation. He also discussed the ways in which he supports socially responsible companies and why he urges entrepreneurs to address systemic environmental problems.

Christina Tosi, founder of the whimsical New York City-based bakery Milk Bar, attributes visiting the grocery store as a child as what “ignited her imagination” and encouraged her to pursue a career in food. So she’s going back. The award-winning pastry chef and Master Chef judge will try to inspire the next generation of chefs when she launches a line of brands based on Milk Bar into retail stores next year, helped by an investment from Sonoma Brands and the firm’s CEO and founder Jon Sebastiani.

Plant-based food and beverage brand Forager Project announced this week that it has received a minority investment from Danone Manifesto Ventures. Terms of the deal were not disclosed.

Kroger simplifies labeling, plant-based brand Lightlife grows distribution and more in this week’s Checkout.

After investing close to $100 million over the past few years, the Reum brothers aren’t going to have to look for partners on an investment-by-investment bases anymore. Their investment firm, M13, has raised $175 million for a second fund, this time with capital committed from a pool of limited partners.