Plus, WET Hydration raises $1.5 million͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ 
 
 
BevnetJune 28, 2024
DAILY BRIEFING
Today's news & insights for the beverage industry.

In this issue of Daily Briefing

  • 🚿 WET Hydration Refreshes
  • 🆕 This Week’s Hot New Sips
  • 🧑🏼‍⚖️ Lifeway Drops Suit Against CEO’s Brother
  • 🚚 Distribution News From Pricklee and more
  • 🪄 Emma Watson's Renais Gin Launches Stateside
  • ⛔ Campari Denies Tax-Evasion Claims
  • ✨ Cannabis, Kava & The Fancy Food Show

📰 Today's Top Story

🪴 Blaze ‘N Chill Building Functional Platform Around Cannabinoids, One Shot At A Time

🪴 Blaze ‘N Chill Building Functional Platform Around Cannabinoids, One Shot At A Time

Regardless of where you come down personally, the industry consensus is near universal: cannabinoids, in some form or another, are a major part of the future of beverages – if only consumers knew how to best use them. 

That’s the puzzle Matthew Murray is attempting to crack with Blaze ‘N Chill, his new line of hemp-derived 2 oz. shots that seek to recontextualize THC, CBD and other lesser-known cannabinoids within the familiar context of a function-specific platform brand. 

Currently availability on the company’s website, all six Blaze ‘N Chill shots feature a blend of cannabinoids and other functional ingredients balanced to deliver a specific experience: On the ‘Blaze’ side, there’s Matcha Energy, Lion’s Focus (with Lion’s Mane mushroom) and El Jefe, countered by the ‘Chill’ group of Dreamland, Take It Easy and Lazy Dayz. The names are meant to help shoppers better understand each SKU’s core proposition, while the bright color-wrapped packaging and icons for “Blaze” and “Chill” provide the visual appeal. 

“I really wanted to have something that wasn't necessarily like health and wellness, but could give you benefits at different parts of your day, whether it's on the ‘play’ side, with energy and focus, or the ‘chill’ side with relaxation and sleep,” Murray explained.

But things get more interesting with a look under the hood: Blaze ‘N Chill’s recipes blend THC and CBD (or sometimes neither) with so-called ‘minor’ cannabinoids that users may not have seen before. Matcha Energy, for example, offsets its caffeine content with 10 mg CBG, while sleep supplement Dreamland features 10 mg CBN. THCV, intended to temper hunger and offset the “munchies” feeling, is in four out of six flavors.  

Why shots? Murray says versatility and ease-of-use were both key aspects as Blaze ‘N Chill encourages users to integrate each SKU daily into its related occasion, behavior that aligns with the company’s subscription model, though the brand is making headway at retailers in Maine, Vermont and Florida. He’s also eyeing white space in on-premise foodservice, where he envisions the shots being used in cocktails, mocktails and smoothies.  

After career stops at Oakley, Theragun (as the company’s first president) and most recently with women’s health product maker Love Wellness, Blaze ‘N Chill represents a personal project for Murray, and readers may know his wife, Hillary Murray, as the founder of Lumi Juice. For the founder, inspiration comes from long personal experience in using cannabis to treat gastrointestinal issues. 

“Tinctures and gummies and stuff like that are great. But to me that just kind of screams of those early days of recreational use of these cannabinoids and I'm not really interested in those formats. I want to put them in formats that people recognize, for people who maybe wouldn't have tried such products [otherwise]. And now they're hopefully going to feel that much more comfortable,” he said. 

BevNET Insiders can read more about Murray’s plans for growing hemp-derived shots later today. 

 

👉🏼 What You Need to Know 👈🏼

🚿 WET Hydration Refreshes

🚿 WET Hydration Refreshes

Las Vegas-based functional beverage startup WET Hydration will soon be sporting a new look and larger wallet after announcing $1.5 million in new funding and a refreshed package design set to launch on July 15.

➕ WET Hydration was launched in 2020 by CEO Spencer Altschul and produces a line of beverages featuring a variety of SKUs with unique functionalities.

🌟 What’s new: The flavors are getting new names to better communicate the functions: Refresh (Watermelon Lime with electrolytes), Essential (Orange Mango with ginger and turmeric for immunity support), Glow (Peach Pineapple with aloe vera and Vitamin D) and Energize (Blackberry Melon with 90 mg of caffeine).

💵 Also notable: WET’s new $1.5 million in financing came from private individuals, adding to a prior $1.3 million raised in 2022. Altschul said the brand is still in discussions with prospective investors to add to the round.

Read the full story on BevNET.

 

🆕 Gallery: This Week’s Hot New Sips

Today is Friday and you all know what that means…it’s new product gallery time! We’ve rounded up the hottest new products and packaged them up into a neat array. Here’s a sneak peek at what’s inside:

🥥 Bigger is better, according to 100 Coconuts, which just launched its new Big Coconut 16.6 oz. can of 100% pure coconut water in participating 7-Eleven stores nationwide. 

🫖 Uncle Matt’s Organic seeks to reinvent tea time with the launch of its newest innovation, RTD refrigerated brewed black teas. Available in three varieties – Half & Half Tea, Sweet Tea and Unsweet – the liquid is craft brewed in small batches using reverse osmosis-filtered water.

💧 Allagash Brewing Company makes its first foray into the non-alcoholic space with the release of Allagash Hop Water. The product is crafted with water from Maine’s Sebago Lake, orange peel, coriander and Crystal and Citra hops.

Keep an eye out for the full gallery on BevNET later today. 

 

🧑🏼‍⚖️ Lifeway Drops Suit Against CEO’s Brother

Lifeway Foods has dropped a suit against Edward Smolyansky, the company’s former CFO and COO, and brother of CEO Julie Smolyansky, that alleged Edward’s new competing kefir venture stole trade secrets and wrongly associated itself with Lifeway.

📝 Earlier this year, Edward and his mother Ludmila Smolyansky debuted Pure Culture Organics, a new kefir brand at Expo West. Lifeway sued Edward over the new venture in April, but by May, amended its case to drop the trade secrets allegation. 

🃏 Lifeway claimed it had discovered the business was no more than an expensive “practical joke.” However, at the time Lifeway intended to keep pursuing the false association charge. Now, the case has been dropped entirely.

🆕 Edward has denied that Pure Culture Organics is a “joke.” In a press release today, the company announced that it will be launching a line of Kids Pouches with Collagen alongside adult kefir drinks.

Go Deeper: Lifeway Ferments a Future in Dairy Amid Growth Wave; Family Feud Lingers.

 

🚚 Distribution News: Pricklee, Pamos, Waka Coffee and more

It’s been a busy week for brands making distribution gains. Here are the latest updates from around the industry.

🌵 Cactus water brand Pricklee is now stocked in over 100 cold cases in Sprouts Farmers market stores.

☕ Waka Coffee and Tea is adding Walmart stores in Texas, beginning with its instant tea line, with instant coffee set to launch later this year.

👻 Plant-based spirits company Holistic Spirits Co., co-founded by actor Woody Harrleson, is now sold in Massachusetts, as well as reserverbar.com. The brand makes Origen Specialty Vodka and Harmony Gin varieties.

🫖 The Ryl Company teas are now available in Arizona via Hensley and in Oregon and Washington through Columbia Distributing.

🤠 Hydration brand BIOLYTE is going into H-E-B stores in Texas.

🌱  Pamos Cannabis Cocktails & Spirits is now distributing its Delta-9 hemp THC drinks in Florida, Georgia and South Carolina.

🏋️ Remedy Organics is launching its shakes in Harmons stores in Utah.

 

🪄 A Different Potion: Emma Watson's Renais Gin Launches Stateside

Legal drinking age "Harry Potter" fans can now find actor Emma Watson’s Renais Gin at bars in the Golden State. 

🚚 Launched in the U.K. in May 2023, sibling founders Alex and Emma Watson have kicked off their five-year strategic distribution partnership with Republic National Distributing Company (RNDC) in the U.S. 

🍇 The gin brand will target on-premise first to win the hearts and bartenders’ mixology minds, beginning in California where the founders aim to build on a wine heritage connection – the spirit is made with pressed grapes, including some surplus from the Watson's father’s wineries. ‘

🍸 Growth at the top-end of many spirits categories – namely tequila, vodka and cognac – has slowed over the last year, but gin’s premiumization run seems to have a longer life, and we expect to see more competition from regional higher-end brands like Condesa and Renais. 

Read the full story on BevNET.

 

⛔ Campari Denies Tax-Evasion Claims

A report by Reuters yesterday claims Milan prosecutors have opened an investigation into Lagfin, the holding company that controls Campari

  • But the group rebuffed that report, with a statement that “Campari Group clarifies that neither Davide Campari-Milano N.V. nor any of its subsidiaries are under investigation by the authorities.”
  • Lagfin is the Luxembourg holding company of the Garavoglio family which owns 51% of Campari. According to the report, the prosecutors launched the probe after checks by tax police uncovered around 1 billion euros ($1.07 billion) of unpaid taxes.
 

🎙️ Now Streaming: CPG Week

✨ Cannabis, Kava & The Fancy Food Show

✨ Cannabis, Kava & The Fancy Food Show

The CPG Week team covered a lot of ground on this week’s episode with a discussion that hits recent news in cannabis and hemp, a recap of the Specialty Food Association’s Summer Fancy Food Show and deep dive into why kava beverages have yet to find their key to functional beverage consumers.

😬 Cannabis powerhouse Curaleaf is launching into hemp with a new DTC website that will likely shake up the THC products business.

🆕 The Summer Fancy Food Show is often a place to show off innovation and trends, and this year was no exception. The team discusses many of the products on display from freeze-dried cheesecake to savory drink biscuits.

🌴 Kava has been slowly building a following in on-premise settings for decades but has had trouble breaking through in retail-ready formats. The CPG Week-ers chat about its future in functional beverages and why another “relaxation” ingredient might be the key to its success.

Listen to the full episode on Nosh and subscribe to get a fresh episode each week. 

Like what you are listening to? Please don’t hesitate to rate our show and leave a review on your podcast platform of choice.

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