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JuneShine Acquires Flying Embers in All-Stock Deal

JuneShine Acquires Flying Embers in All-Stock Deal

San Diego-based hard kombucha and canned cocktail (RTD) maker JuneShine will acquire beyond beer brand Flying Embers in an all-stock transaction, the company announced today.

Anheuser-Busch-backed Kombrewcha Looks to Gain Traction in Surging Hard Kombucha Segment

Anheuser-Busch-backed Kombrewcha Looks to Gain Traction in Surging Hard Kombucha Segment

Kombrewcha CEO Garrett Bredenkamp is looking to the hard seltzer segment for inspiration as the hard kombucha brand backed by Anheuser-Busch’s ZX Ventures looks to compete in the fast-growing segment. As such, this fall, Kombrewcha will introduce two new flavors — Blood Orange and Mango Pineapple — to a 12 oz. 4-can variety pack, which also includes existing offerings Berry Hibiscus and Ginger Lemon.

Investment Roundup: Flying Embers-Maker Closes $25M Series B Round; Shotgun Seltzer Raises $1M

Investment Roundup: Flying Embers-Maker Closes $25M Series B Round; Shotgun Seltzer Raises $1M

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.