BevCanna expands CBD-infused beverage production capabilities with more acquisitions

CANADA – BevCanna, a Vancouver based infused cannabis beverages producer has acquired cannabis genetics expert Carmanah Craft Corp., to expand its cannabis genetics program. The acquisition will give BevCanna access to an extensive library of […]

Canopy Growth names Constellation Brands’ veteran as new Chief Executive Officer

CANADA – Canopy Growth Corporation has appointed Constellation Brands’ executive vice president and chief financial officer David Klein as the company’s new Chief Executive Officer, effective January 14, 2020. David will be replacing Mark Zekulin […]

Canopy Growth begins production of cannabis-infused beverages at its Canadian facility

CANADA – Canopy Growth Corporation, a leading diversified cannabis company, has begun production of cannabis-infused beverages at its beverage facility located at company headquarters in Smiths Falls, Ontario, Canada. The company announced that the 150,000 […]

Ethiopia drafts bill to amend excise tax law on alcoholic and soft beverages

ETHIOPIA – Ethiopia’s Ministry of Finance has presented a bill to the Council of Ministers to amend the nation’s excise tax law in an effort to standardise taxation of alcoholic products, soft beverages and other […]

AB InBev pumps US$339m into its Nigerian subsidiary International Breweries

NIGERIA – Anheuser-Busch InBev (AB InBev) the parent company of International breweries has injected N123bn (US$339m) into the breweries operations, committing to participate fully in the new capital raising exercise. This follows the approval by […]

Delta Corp reports dwindling performance with 48% decline in larger beer volumes

ZIMBABWE – Delta Corporation Limited, a beverage manufacture in Zimbabwe has reported a decline in its performance for the half year period ended September 2019 on the back of declining sales. The company saw a […]

Clean Cause raises US$7m in Series A funding to expand its footprint in US

USA – Texas based organic sparkling yerba mate beverages maker, Clean Cause has raised US$7 million in series A funding, which the company plans to use in expanding its its sales and marketing team as […]

Musgrave teams up with Distell to launch premium crafted brandies

SOUTH AFRICA – Musgrave Crafted Spirits, South African based Gin producers in partnership with Distell, wine and spirit producer have launched two new premium craft spirits, Musgrave Copper Vanilla and Musgrave Copper Black Honey entering […]

Coca-Cola Amatil shuffles alcohol & coffee businesses in restructuring plan

AUSTRALIA – Coca-Cola Amatil (CCA) has reorganised its alcohol and coffee portfolios into the larger Australian beverages segment as it continues a wider restructure. The company has announced that its alcohol and coffee division, one […]

Competition Tribunal approves SAB’s acquisition of Smirnoff franchise rights

SOUTH AFRICA – The Competition Tribunal of South Africa has conditionally approved South African Breweries’ (SAB) proposed acquisition of franchise rights for Smirnoff ready-to-drink and Guinness-branded products from Diageo. SAB is the local subsidiary of […]