Molson Coors Beverage Company has taken a minority stake in ZenWTR, the sustainably packaged bottled water brand launched earlier this year by serial entrepreneur Lance Collins, the company announced today. Terms of the transaction were not disclosed.
Delivering on its promise to expand beyond alcoholic beverages into an “around the clock” beverage platform, Molson Coors Beverage Company announced this week the launch of four new non-alcoholic product lines across multiple categories that are set to begin rolling out in the coming months.
Inglewood, California-based Crowns & Hops Brewing Company took the throne as the winner of Brewbound’s 2019 Pitch Slam competition, held this week during the Brewbound Live business conference in Santa Monica, California.
Fermented Sciences, the maker hard kombucha brand Flying Embers, announced this week it has raised $25 million in a Series B round co-led by PowerPlant Ventures and Ecosystem Integrity Fund (EIF). Also, Austin, Texas-based spiked seltzer maker Shotgun Seltzer announced today it has received a $1 million investment from Unorthodox Ventures.
Molson Coors announced today it has taken a minority ownership stake in California-based beverage incubator L.A. Libations, a move that gives the beer conglomerate access to a broad portfolio of brands as it moves to expand its play in non-alcoholic categories. Terms of the deal were not disclosed.
In March, after spending two years as CEO of the U.S. arm of Scottish craft brewery BrewDog, Tanisha Robinson took on a new position within the company as its Chief Disruption Officer, a move that put her in charge of seeking out the next big trends in beer and beverage to help the company stay ahead of the industry. Almost immediately, she took an interest in CBD — something BrewDog wasn’t ready to embrace just yet. Rather than let the opportunity get away, Robinson quit her job in July and founded W*nder (pronounced Wonder), a CBD-infused sparkling water brand set to launch this January.
All Market Inc., the maker of Vita Coco, announced today that former Boston Beer Company president and CEO Martin Roper has joined the company as its president.
Massachusetts-based Willie’s Superbrew emerged as the winner of Brewbound’s 2018 Pitch Slam competition, beating out seven other emerging craft brands during the two-day Brewbound Live business conference in Santa Monica, California. The business pitch competition, sponsored by Craft Brew Alliance, featured eight contestants who delivered pitches during an initial judging round. Five companies advanced to the finals on Day Two of the Brewbound Live event.
Chula Vista, California-based Novo Brazil Brewing was named the winner of Startup Brewery Challenge 9, a business pitch competition sponsored by Craft Brew Alliance. Held during Wednesday’s Brewbound Session conference in Santa Monica, California, the competition featured five brewery entrepreneurs, who were given four minutes to showcase their beers and business plans in front of a panel of industry judges.
Owl’s Brew, makers of tea-based cocktail mixers and a tea-and-beer Radler line, announced Thursday it has closed a $4 million series A funding round. The round included large investments from Anheuser-Busch InBev’s “disruptive growth organization,” ZX Ventures, and investment firm Cambridge Companies SPG. As part of ZX’s investment, a representative of the group will join Owl’s Brew’s board of directors.