You’re receiving the Lite Edition of BevNET’s Daily Briefing. Join us as a BevNET & Nosh Insider to receive the full version, which includes:

• Why Lucky Energy is building up its ‘war chest’
• Monster Energy shutters Tampa taproom
• Details on Sanzo’s new partnership with Chrissy Teigen

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BevNET Insiders also have access to the Newsletter Archive, including previous newsletter-exclusive Insider content.

Formulation alone isn’t enough to win in today’s beverage market. Success requires a system, one where ingredients, packaging, equipment, and go-to-market plans work in sync. This free resource, based on a Nombase podcast with MSI Express, shares how brands like yours can master the shift from benchtop to large-scale stick pack production while avoiding costly reformulations and delays. Learn more

Lucky Energy has closed its second round of funding in eight months – a $25 million Series B led by Paine Schwartz Partners – bringing the brand’s total investment to $63 million in the past two years. The most recent oversubscribed funding round has also opened up plans for a Series B1 in the new year, the company said. Why does the company need so much runway?

Insiders can access the full story.

It’s hard to believe that just a month ago, THC beverages were celebrating the sweet embrace of mainstream retail, with shelf placements at Target and Circle K heralding the long-awaited paradigm shift when hemp drinks could truly take off. 

Things couldn’t look more different now, as political momentum and unique historical circumstances have combined to push the nascent industry to the brink of extinction

Insiders can access the latest update.

Coming off the back of a 10% increase in net sales, Laird Superfood is narrowing its focus back towards its core brand in discontinuing Picky Bars, the healthy snack maker it acquired for $12 million in 2021. 

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Partnering with BevSource unlocks immediate access to our deep industry relationships and know-how. We connect beverage brands to a powerful ecosystem of vetted co-packers and ingredient and packaging suppliers—so you can launch faster, scale smarter, and buy better from day one. Learn more

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

1. Monster Touts Female-Focused Energy Innovation As Q3 Sales Pass $2B
2. Nine Years After Exit, Steaz’s Founders Return to Lead Turnaround
3. Cannabis Drinks Could Become Key Alcohol Replacement, Per Report
4. Celsius Sales Soar As Alani Nu Nears Pepsi Distro Change
5. Molson Coors Still Thirsty to Go 'Beyond Beer,' Despite Q3 Declines

Go beyond the headlines with exclusive access to our editorial team’s insights and hot takes on the latest in food and beverage. As an Insider, you’ll unlock premium newsletter content and archives along with deeper coverage on BevNET.com and Nosh.com. Plus, enjoy event and job listing discounts, along with exclusive Insider perks on Nombase, our digital community and directory for CPG professionals. 

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When “Shark Tank” called, Nikki Seaman was ready. The Freestyle Snacks founder secured $300K for 11% equity, turning a pandemic craving into a thriving brand of snackable olives and pickles. In this episode, Nikki shares how Freestyle’s bootstrapped, profit-focused strategy, viral TikTok buzz, and disciplined retail-first approach fueled growth – and a Shark’s appetite.

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