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

Establishing hemp and cannabis guidelines is falling into the hands of states and industry groups, recent grocery acquisitions and divestitures, and unwrapping snacking trends in this week’s Checkout.

Megan Bent, founder and managing partner of Harbinger Ventures, spoke about why launching the investment firm was about “rethinking some of the fundamentals in how capital is invested,” why funding decisions are “probably more relational than anything else” and why she encourages “bite-sized actions” to support greater diversity in business.

A federal court yesterday blocked the state of Arkansas from enforcing a meat label censorship law against meat-alternative brand The Tofurky Company. Additionally, the Plant-based Foods Association (PBFA) created a set of labeling guidelines for the industry.

Although many consumers began recognizing sustainability as a personal responsibility, they are increasingly considering the “greater good” and turning to brands to take action, according to research firm The Hartman Group’s 2019 report, “Sustainability: Beyond Business As Usual.”

Elizabeth Stein, founder and CEO of Purely Elizabeth, discussed how the brand’s focus on creating delicious, nutrient-dense foods has paid dividends since its launch in 2009. She also spoke about how the company has strategized around opportunities and challenges within a rapidly growing market for natural foods.

Plant-based brand Miyoko’s Creamery wants to ensure consumers can have their cheese — and properly melt it too. The company will debut a line of pepperjack and cheddar cheese slices, blocks and shreds in spring 2020, along with cultured oat milk butter. The brand will also launch a new legume-based pizza cheese in foodservice outlets.

The cannabis industry remains a complex one to navigate, even if some consumers view the plant as a gateway to a simpler state of mind. To help food and drink entrepreneurs better understand the industry and grow their businesses, experts presented data and insights Friday during BevNET’s third Cannabis Forum in Santa Monica.

Canadian Cannabis company Canopy Growth Corporation announced today the appointment of David Klein as CEO, effective January 14, 2020. Klein has served as the chief financial officer of Constellation Brands since mid-2015.

The market for cannabis products is broad and blossoming. At Cannabis Forum Winter 2019 in Santa Monica, experts unpacked the world of ingredient sourcing and testing, growing investor interest and more. Here are three takeaways from today’s presentation.

Zoe Feldman, the director of Chobani Incubator, spoke about why she’s emphasized the incubator’s focus on diversity as part of its selection criteria, how prior roles as an executive at PepsiCo and in venture capital shaped her perspective on the importance of diversity in business and why “representation is hugely critical” to the future of our industry.

Day two of NOSH Live Winter 2019, held today in Santa Monica, California, offered insight from industry leaders on growing and scaling brands, cutting through the noise of a crowded space and when to follow your gut when making pivotal business decisions.

The future may be less sweet, but that doesn’t mean it’s any less fun. Ketogenic brand Know Brainer won the NOSH Live Winter 2019 Pitch Slam for MaxMallow, its new line of sugar-free, ketogenic marshmallows.

From starting unique, disruptive brands to navigating the process of securing investment, day one of NOSH Live Winter 2019, held today in Santa Monica, California, provided fresh perspectives from industry leaders on finding a successful route to market in a rapidly changing food industry.

It’s with great respect and honor for the food business that we present NOSH’s Best Of 2019 awards, our inaugural celebration of annual excellence and innovation in the industry. NOSH’s Best Of awards recognize individuals, brands, products and strategies that have demonstrated excellence during the year and resonance that will extend beyond the calendar. We cherish the opportunity to use our platform to highlight these companies, people, and ideas.