Food Industry News, Insights, and Education for the CPG Community

The economic fallout from the global COVID-19 pandemic represents an “extinction event” for many brands in the emerging CBD space, according to a new report on the state of the U.S. CBD market from Chicago-based intelligence firm Brightfield Group.

Welcoming questions and supplying stories from his own extensive experiences as a founder and CEO, Skae will speak to the BevNET and NOSH community from the perspective of someone who has worked to be nimble and creative — to help companies punch above their weight class — no matter the circumstances.

Hemp chips might cure your munchies if brothers Gary and Greg Avetisyan have their way. The duo recently launched Heaven’s Lettuce, a line of crispy vegetable chips made from hemp leaves, with the intention of usurping kale’s throne as America’s favorite cabbage cultivar.

In this week’s Checkout, The Hershey Company reports U.S. sales growth in Q2, Bogopa acquires two Fairway Market stores and retailers help launch new initiative to fight plastic waste.

Grocery delivery service Misfits Market announced yesterday the close of an $85 million round of capital led by Valor Equity Partners. Additional investors included Greenoaks Capital, Third Kind Venture Capital, and Sound Ventures. The funding will go, in part, towards helping the brand expand further into offering more center store offerings.

This week we’re sharing episode three of SprintToSuccess, a video series focused on demystifying the branding process for entrepreneurs in the food and beverage space. In this episode, we are turning the corner from strategy to creative.

Though the paleo diet has gained traction in categories such as sauces and snacks, there’s still space for convenient, clean meal options. Kevin’s Natural Foods wants to help fill that need to via a line of ready-to-eat, refrigerated paleo meals.

The eighteenth round of Elevator Talk Livestream features leaders from Quokka Brew, RIND Snacks, 3 Mountains Tea, Good Dee’s and Paleo Pro. This week’s special co-host is Trent Moffat, the owner of Gotham Brand Managers.

For Ben Pasternak, CEO and founder of plant-based chicken nugget brand NUGGS, the philosophy for launching a new brand is simple: “Whatever everyone else is doing, we should do the opposite.”

With Chobani Probiotic, a fermented plant-based drink, and Chobani Complete, a sub-line of protein-enhanced Greek yogurts and shakes, the Norwich, New York-based company is leveraging its brand equity to meet consumer demand for functional products, in this case gut health and on-the-go nutrition.

Gabrielle Union, Maggie Patton and Alex Buckley, co-founders of better-for-you kid’s snack brand Bitsy’s, spoke about the company’s mission to make nutritious snacks accessible to all families, communicating the brand’s healthy halo to children and parents, why asking for help has to be a priority for entrepreneurs and how the food industry can work together to mainstream healthy food for kids.

On this week’s Office Hours, NOSH editor Carol Ortenberg is joined by Chris Moe, co-founder & COO at ecommerce agency Cartograph, and Cambria Copeland, senior director of business management at online sales manager Beekeeper Marketing, for a discussion exploring how successful food and beverage companies can utilize retailing giant Amazon.

In a test of 200 CBD products the FDA found many contained CBD levels inconsistent with their labels — though not explicitly unsafe. The overall variability points (again) to what brands, researchers and advocacy organizations say is the bigger problem: lack of regulation in the budding industry.

On Tuesday, Oatly closed one of the largest food and beverage financing deals of the year when it announced a $200 million funding round led by Blackstone Growth. Speaking with BevNET, Oatly CEO Toni Petersson said the financing represents a diversification of the company’s ownership structure, bringing in an American firm that will work directly with its European and Asian arms.