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Molson Coors To Launch Non-Alcoholic Blue Moon For 'Dry January' As Part Of Beyond-Beer Makeover
Thursday, October 5, 2023 - 3:11am | 399Molson Coors Beverage Company (NYSE:TAP), known for brands like Miller Lite and Blue Moon, is venturing into non-alcoholic offerings and has something different lined up for next year. What Happened: CEO Gavin Hattersley talked about this strategic shift in an ...
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Viridian Chart Of The Week: How Capital Intensive Is Cannabis?
Monday, August 28, 2023 - 1:10pm | 888The chart explores the capital intensity of cannabis compared to four other industries thought to be likely suitors for cannabis companies upon federal legalization: Tobacco, Alcoholic Beverages, Pharmaceuticals, and Consumer Products. In the chart, the cannabis group comprises the nine MSOs with...
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Pepsi Cozied Up To Celsius: What's Next For Coca-Cola/Monster? Access To Alcohol Via The Backdoor?
Monday, August 8, 2022 - 4:04pm | 1115Activity in the energy drink market could pick up after a recent investment and distribution deal between PepsiCo Inc (NYSE: PEP) and Celsius Holdings Inc (NASDAQ: CELH). The deal could help Pepsi make up for losing distribution of Bang, but also creates the question of what’s next for rivals...
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This St. Patrick's Day, Drink Options Offer Sláinte! With THC And CBD
Thursday, March 14, 2019 - 10:33am | 749With a Saint Patrick’s Day weekend in sight, the occasion seemed right for the Hemp Business Journal to get into the holiday spirit with an update about the current state of hemp- and cannabis-infused beverages. As detailed in a survey last October by New Frontier Data (parent company of the...
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Report: Coca-Cola Is Canna-Curious
Monday, September 17, 2018 - 9:30am | 430Just weeks after alcoholic beverage maker Constellation Brands, Inc. (NYSE: STZ) confirmed a new partnership with cannabis company Canopy Growth Corp (NYSE: CGC), beverage giant The Coca-Cola Co (NYSE: KO) is reportedly shopping for a deal of its own. What Happened Coca-Cola is in "...
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Jim Cramer Praises Constellation Brands
Wednesday, October 5, 2016 - 10:57am | 301Shares of Constellation Brands, Inc. (NYSE: STZ) hit a new 52-week high of $173.55 Wednesday after the company reported its second quarter results and boosted its guidance. The company's strong earnings print attracted the attention of Jim Cramer, who made the producer and marketer of...
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How The Drink Exchange Technology Influences Consumers, Markets Distributors And Benefits Bars
Wednesday, September 7, 2016 - 8:19am | 449In recognition of National Beer Lover's Day (September 7), Benzinga researched The Drink Exchange technology, which relies on consumer behavior to price alcoholic drinks at a bar or restaurant establishment. Essentially, drink prices fluctuate based on real-time demand. Like the stock market...
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Are Craft Beer Stocks A Buy?
Friday, June 17, 2016 - 11:45am | 355Unfortunately for investors, it may be much easier these days to find a good beer than to find a good beer stock. According to Citi analyst Wendy Nicholson, U.S. consumers are drinking more wine and spirits, which has put pressure on the beer business. Craft beer has been a strong growth segment in...
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Feds Rethink And Reverse Decision Regarding Powdered Alcohol Products
Tuesday, April 22, 2014 - 3:58pm | 636Is powdered alcohol a product for our times or a concept that still needs some tinkering with? The blogosphere has been chock ablock with references to the story about Lipsmark LLC, a Tempe, Arizona-based company and its “Palcohol” powered cocktails. Palcohol's products were reportedly approved...
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Let's Drink to That: U.S. is World's Largest Wine Market, with Sales Expected to Expand
Tuesday, November 12, 2013 - 4:17pm | 517It's been a very good year for wine and wine sales. Sales of domestic and foreign wines in the U.S. last year were reportedly up two percent compared to 2011 – to a record 360.1 million cases with an estimated retail value of $34.6 billion. California wines make up nearly 60 percent of overall...