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Cove Soda is $15 million richer as a new round of financing led by Vanterra Ventures sets the Canadian beverage brand up to execute on its U.S. expansion plans.

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The annual BevNET Best Of Awards are accepting nominations for 2025, but not for long! Submitting a nomination guarantees the brand, product, or person will be considered by our selection committee and included on the published list of nominees. The deadline to submit is now Wednesday, November 5. 

The nomination deadline is TOMORROW (11/5)! 

⏩ Submit your BevNET Best of 2025 nominations.

Black Rifle Coffee Company’s ready-to-drink coffees drove revenue growth in the third quarter, while commodity costs for green coffee, tariffs, and declining DTC sales weighed on profit.

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Here’s a look at leading headlines from around the beverage industry. Insiders get access to the full story.

1. Recess Raises $30 Million in CAVU-led B Round
2. No Cap Teams with ICEE for Co-Branded LTO Launch
3. PepsiCo Highlights ‘Depth and Diversity’ of Portfolio With New Corporate Brand Identity
4. Inside Chick-fil-A Beverage Concept Daybright
5. Hemp Beverage Brands Call For Pushback On Proposed Ban

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Oliver Dixon, the co-founder of Something & Nothing, explains how his design sensibility and refusal to compromise on flavor helped shape a better-for-you soda brand that feels both modern and timeless. From surviving early missteps to building credibility through selective distribution and cultural partnerships, Olly shares how discipline, taste, and integrity can scale just as powerfully as hype.

Tune into the episode here. Also available on Spotify and Apple Podcasts.