Recess Raises $30 Million Series B Round, Adds Kyle Thomas From C4
Recess Drinks has closed a $30 million series B round led by CAVU and other repeat investors, according to CEO and founder Ben Witte.
Recess Drinks has closed a $30 million series B round led by CAVU and other repeat investors, according to CEO and founder Ben Witte.
As one joint is lit, another one is extinguished. I think that’s how the saying goes.
One of the largest retailers in the country is dipping its toe into the intoxicating hemp beverage category. In its home state of Minnesota, Target has stocked the shelves of 10 stores in the Twin Cities region with intoxicating hemp drinks from 10 different brands, marking a potentially seismic shift in distribution for the category.
Tom Holland, actor and co-founder of non-alcoholic beer Bero, discussed the brand’s growth during last week’s Beverage Forum.
Spirits and Mexican import beer giant Constellation Brands put its official stamp of interest on the trend by investing in HOP WTR, an emerging brand of zero-calorie sparkling water infused with the fruity bittering agents as well as some on-trend functional or adaptogenic ingredients like L-Theanine (potentially providing relaxation and focus) and Ashwagandha (a purported stress reliever).
Former Anheuser-Busch Beyond Beer vice president Randy Ornstein is moving to the retailer side of the desk, taking a job with convenience store delivery company goPuff. Ornstein will be goPuff’s director of alcohol, he confirmed to Brewbound.
A growing number of craft beer drinkers would describe themselves as being “health-conscious” and are interested in striking a balance between regular alcohol consumption and routine exercise, according to a new survey jointly developed by Nielsen, The Harris Poll and Brewbound. According to the study — which surveyed nearly 1,400 respondents who drink alcoholic beverages several times per month — 60 percent of millennial craft beer drinkers (those who consume at least one beer per month) said they only drink alcohol on the weekends, while 44 percent of millennial monthly craft drinkers said they take time off from drinking entirely in order to maintain a healthy lifestyle.
The research also features the stunning revelation that “This year, brewers and beer importers hope to see beer again be the top choice for Americans celebrating the occasion.”
Lucky Hawkeyes! Wonder if they’ll get The Abyss? Meanwhile, here’s a job that a lot of craft breweries won’t cop to having: “Expansion Manager.”
We don’t really care that it’s a repost. Sometimes, you’ve gotta do what you can to get through to the end of “Humpday.”
In an editorial broadside launched both in print and online, the Brewers Association lashed out at “crafty” beers produced by international brewing conglomerates yesterday as part of what the BA promises will be a long battle to increase consumer awareness of the definition of craft beer.
Craft brewers have had a great time in the past decade as the public’s excitement over their products has led to a massive increase in demand. But with that growth has comes the need for more capacity. For many early stage companies, that has meant adding additional fermentation tanks, purchasing larger brewhouses, even expanding into… Read more »
He’s a former executive at Hoyt Cinemas and Disney, among other places, but if you ask BevMo! CEO Alan Johnson where the big show is these days he’s happy to tell you that it’s in the beer aisles of his stores. The company recently announced it was opening its 119thoutlet in City of Industry, California… Read more »
Craft brewers are starting to question the safety of an increasingly popular kind of plastic keg following a summer in which those kegs were linked to at least one accidental death and a pair of other explosions at breweries. On April 24th, a plastic keg being emptied with pressurized air exploded and killed a Portsmouth,… Read more »