Daily Archive: May 18, 2021
Exclusive: Moët Hennessy’s Belvedere Targets Organic Market With Infusions Flavor Line
With consumers increasingly gravitating to organic products and “better-for-you” offerings, Polish super-premium vodka brand Belvedere, part of the Moët Hennessy portfolio, is targeting the organic market with a new range of flavor-infused vodkas. Continue reading →
Posted in News on May 18, 2021Molson Coors Unveils Spirits-Based Seltzers
With spirits-based canned cocktails soaring across the drinks market, it’s not only distillers that are looking to get into the action. Continue reading →
Posted in News on May 18, 2021News Briefs for May 18, 2021
•Target has announced that customers may now purchase alcohol for same-day pickup at 1,200 of its stores in 29 states across the U.S. Continue reading →
Posted in News on May 18, 2021Craft Brewing and Distilling News for May 18, 2021
•Texas distiller Still Austin has released a cask strength bottling of its Bourbon whiskey to retailers throughout the Lone Star State. Continue reading →
Posted in News on May 18, 2021Green Thumb Off To A Rapid Start In 2021, As Retail Expansion Continues
Illinois-based cannabis company Green Thumb Industries has enjoyed a fast start so far in 2021, with sales nearly doubling to $194 million in the first quarter compared with the same period a year ago. The company’s adjusted operating EBITDA was up 9% sequentially and nearly 180% year-on-year, to $71 million, representing more than one-third of revenue.
Green Thumb’s sales increase was driven by retail gains in Illinois and Pennsylvania. Continue reading →
Posted in News on May 18, 2021Canada’s Aurora Posts Declining Revenue Amid Ongoing Restrictions
Canadian cannabis producer Aurora saw revenues fall 17% sequentially for the three months ended March 31, highlighting continued softness in the country’s recreational market amid pandemic restrictions. Continue reading →
Posted in News on May 18, 2021
