Exclusive news and research on the wine, spirits and beer business

Daily Archive: September 17, 2019

Impact’s “Hot Brands” Keep Up The Momentum Heading Into Critical Selling Period

The spirits market’s fastest-growing labels appear to be maintaining their strong momentum as the busiest selling period of the year gets underway. Continue reading →

Posted in News on September 17, 2019

News Briefs for September 17, 2019

•Maker’s Mark RC6 Stave, Dewar’s 8-year-old Caribbean Smooth, and a new single malt Scotch from William Grant & Sons are among the new offerings featured in Whisky Advocate’s latest whiskey roundup. Continue reading →

Posted in News on September 17, 2019

Craft Brewing and Distilling News for September 17, 2019

•Oregon’s Eastside Distilling has acquired Azunia Tequila from Intersect Beverage in an all-stock transaction worth an initial $14.7 million, with another $1.5 million pending based on the future performance of the brand. Continue reading →

Posted in News on September 17, 2019

Interview, Part 1: Ben Kovler, Founder and CEO, Green Thumb Industries

Chicago-based cannabis company Green Thumb Industries has emerged as a player to watch as the legal cannabis business gains momentum across the U.S. In its fiscal second quarter ended in June, Green Thumb saw revenues triple to $45 million, while adjusted EBITDA reached $5 million. With brands including Rythm, The Feel Collection, and Beboe, as well as retail outlets under the Rise and Essence banners, Green Thumb is active in 12 states and recently acquired one of New York state’s 10 vertically integrated licenses. Founder, chairman, and CEO Ben Kovler has ties to the drinks industry—his great-grandfather Harry Blum was a driving force behind the development of the Jim Beam brand in the U.S. SND executive editor Daniel Marsteller recently caught up with Kovler to discuss the road ahead for Green Thumb and the U.S. cannabis business in general. Continue reading →

Posted in News on September 17, 2019

Former Patrón Marketer Lee Applbaum Named CMO At Surterra

Earlier this year, Atlanta-based cannabis company Surterra Wellness named former Patrón Spirits CEO Ed Brown as executive director. Continue reading →

Posted in News on September 17, 2019

Bacardi’s Pete Carr Joins Trait Biosciences Advisory Board

Cannabis biotech firm Trait Biosciences has formed a strategic advisory board and appointed three prominent drinks industry veterans to its ranks. Continue reading →

Posted in News on September 17, 2019

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