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

Daily Archive: August 9, 2022

Jonathan Yusen Named President & CEO Of New Jersey’s Allied Beverage

Industry veteran Jonathan Yusen has been appointed president of billion-dollar New Jersey wholesale player Allied Beverage, effective in November. Continue reading →

Posted in News on August 9, 2022

News Briefs for August 9, 2022

•California wine brand Bread & Butter has expanded its lineup, adding a new Pinot Grigio to the portfolio. Continue reading →

Posted in News on August 9, 2022

Craft Brewing and Distilling News for August 9, 2022

•Canned beer is reaching meteoric heights. According to the Beer Institute, cans represented 63% of total beer volume (including hard seltzers and flavored malt beverages) in 2020, its highest level ever, up from 57% the year prior. Continue reading →

Posted in News on August 9, 2022

Green Thumb Boosted By New Jersey Legalization, Illinois Retail Expansion

Chicago-based Green Thumb Industries saw revenue rise 4.8% sequentially to reach $254.3 million in its fiscal second quarter ending in June. Continue reading →

Posted in News on August 9, 2022

Canopy Aims To Premiumize Portfolio Amid Entry-Level Price Pressure

Smiths Falls, Ontario-based Canopy Growth also reported earnings for the quarter ended June 30, in which net revenue was down 1.5% to C$110.1 million ($86m), with adjusted EBITDA showing a loss of C$75 million ($58m). Continue reading →

Posted in News on August 9, 2022

Cannabis Briefs for August 9, 2022

•Recreational cannabis sales in Illinois rose to $135.7 million last month. Continue reading →

Posted in News on August 9, 2022