Jacksonville, Fla.— The rise of “hydroponic,” or greenhouse-grown vegetable farming, has caused back-lash from traditional, organic vegetable farmers. A group of organic farmers, led by Dave Chapman, a vegetable farmer in East Thetford, VT, orchestrated a protest at a meeting of The National Organic Standards Board in Jacksonville, Florida in...
The healthier beverage industry was in the M&A spotlight this week. Unilever has acquired Tazo Tea from Starbucks for $384 million and Nestle USA said it is buying Chameleon Cold-Brew, the leading organic cold brew brand in the U.S., for an undisclosed amount. The Tazo brand is sold as packaged...
Camden, NJ — As it continues to change its face in response to consumer demand for more healthy foods, Campbell Soup Co. is joining the Plant Based Foods Association (PBFA), the nation’s only trade group representing the fast-growing, plant-based foods sector. It is the first major food company to join the...
Washington, DC — Pain researcher and clinician Jacob Teitelbaum, MD., believes the solution to the country’s opioid epidemic is finding an alternative to addictive narcotics for managing pain. President Trump this week declared the country’s opioid crisis a “national emergency,” putting it on the same level of severity as natural disasters,...
Seattle, WA — Shares of Amazon.com soared past $1,000 in after-hours trading after the company released third quarter financial results showing net sales of $43.7 billion, an increase of 34% year-over-year and beating analysts' estimates. Net sales includes $1.3 billion from Whole Foods Market, which Amazon acquired on Aug. 28,...
Basel, Switzerland – Lonza’s integration of Capsugel is on track as the company forecasts combined high single-digit sales growth for the year. The first joint product offerings are in consumer health and sports nutrition. "Lonza sustained strong performance and growth of the company in the first nine months of the...
Pittsburgh, PA – Just six weeks into the job, GNC Holdings CEO Ken Martindale expressed optimism about a turnaround with unique products and services in the pipeline for 2018 and the ability to market them better during his first call with analysts reporting same store third-quarter sales up 1.3% in...
White Plains, NY -- DanoneWave will invest up to $60 million in plant-based beverage manufacturing by adding new production capacity and expanding its warehouse in Mt. Crawford, VA. DanoneWave is the combined business unit of the U.S. dairy operation of Danone, which purchased WhiteWave Foods in April. Danone will receive...
Morristown, NJ — Frost & Sullivan’s 2017 North American Product Leadership Award went to OmniActive Health Technologies for its Lutemax 2020, which contains a combination of the three macular carotenoids (lutein, RR-zeaxanthin, and RS [meso]- zeaxanthin) that support visual function and overall eye health as well as skin and brain...
Napa, CA – Andrew Cates, co-founder of The Wine RayZyn Co., plans to turn the Northern California fire tragedy into a blessing for others by partnering with Food Recovery Network to repurpose unharvested wine grapes from vineyards affected by the wildfires. The Cates family vineyard, the Segassia Vineyard, produces high-end...
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