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

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, 2021

Molson 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, 2021

News 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, 2021

Craft 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, 2021

Green 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, 2021

Canada’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

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