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Home » Territory Changes and Deals: June 23, 2022

Territory Changes and Deals: June 23, 2022

June 23, 2022

BioSteel has added retail distribution at 2,200 Walmart stores (out of 4,660 total US stores) across 37 states. The sports drink will be added to Walmart.com later this year. BioSteel is owned by Canadian-based cannabis maker Canopy Growth and distributed in part by the Constellation Brands beer distribution network.

PepsiCo has opened a new $8.5 million, 172,000-square-foot warehouse and distribution center in Commerce, Georgia. The facility will handle six million cases of product including Pepsi, Mtn Dew, Gatorade, and Pure Leaf tea annually. Separately, the company opened a new 72,000-square-foot distribution center in Lawton, Oklahoma.

SYSTM Foods has acquired Chameleon Organic Coffee from Nestle USA. SYSTM’s primary investor is Powerplant Partners, created and operated by Zico coconut water founder Mark Rampolla. SYSTM’s brands include plant-based beverage REBBL.

Citing market turmoil, Coca-Cola has said it will delay an estimated $3 billion initial public offering for Coca-Cola Beverages Africa until next year.

Canned sparkling tea brand Minna has been acquired by a newly formed holding company called New Berlin Beverage.

Hawaii-based PlantBaby, maker of plant-based food and beverages for babies and children, has raised $4 million in seed funding.

Plant Based Tea Launches Coffee Functional Suppliers Deals Sports Drinks Cannabis Packaging Territory Changes and Deals
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