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

Daily Archive: August 23, 2022

Interview, Part 1: Brendan Buckley, Global Marketing Director for Irish Distillers Limited, Pernod Ricard

Jameson, the No. 1 Irish whiskey brand both worldwide and in the U.S. market, recently surpassed 10 million cases globally. Continue reading →

Posted in News on August 23, 2022

Diageo-Backed Pronghorn Invests In Ten To One Rum

Pronghorn, a brand incubator and accelerator backed by Diageo focused on boosting Black-owned drinks brands, has announced a minority investment in Caribbean rum brand Ten To One, founded by CEO Marc Farrell and co-owned by Grammy-winning artist, Ciara. Continue reading →

Posted in News on August 23, 2022

News Briefs for August 23, 2022

•Maurice Kanbar, founder of Skyy Vodka, died of natural causes August 20 in San Francisco. Continue reading →

Posted in News on August 23, 2022

Cresco Posts 4% Sales Increase, Warns On “Tough Macro Backdrop”

Illinois-based multi-state operator Cresco Labs saw sales increase 4% year-on-year to $218 million, as adjusted EBITDA rose 11% to $51 million. Continue reading →

Posted in News on August 23, 2022

SNDL To Acquire Valens For $138 Million, Creating Formidable New Canadian Player

SNDL has announced an agreement to acquire fellow Canadian cannabis group Valens for $138 million in an all-stock transaction, creating a new vertically integrated player in the Canadian market. Continue reading →

Posted in News on August 23, 2022

Verano Reaches 100 Dispensaries, As Revenues Rise 12%

Multi-state cannabis operator Verano, based in Illinois, has posted sales up 12% year-on-year to $224 million for its second quarter ended in June, with adjusted EBITDA reaching $76 million, or 34% of revenue. Continue reading →

Posted in News on August 23, 2022

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