Lake Success, NY—The Hain Celestial Group has completed the sale of Tilda, a premium basmati and specialty rice brand, to EBRO FOODS S.A. for a purchase price of $342 million in cash, according to a press release. The purchase price reflects an adjusted EBITDA multiple of 13.5x, based on estimated...
Hawaii—More than half the hemp crops cultivated in Hawaii this past year had to be destroyed due to high THC levels, according to Hawaii Public Radio (HPR). The state Department of Agriculture granted waivers to four crops that tested slightly above the limit, allowing the plants to be used as...
Berkeley, CA—Once Upon a Farm and Wholesome Wave, a non-profit working to increase affordable access to fruits and vegetables for underserved people, have launched “A Fresh Start,” a program that gives access to fresh, affordable fruits and vegetables to the families in the food insecure community of Lake Los Angeles,...
Sioux Falls, SD—A new study published in The American Journal of Clinical Nutrition has made it possible for researchers to calculate how much omega-3 fatty acids they need to use in their studies in order for subjects to reach a healthy Omega-3 Index (O3I), according to a press release. The...
New York, NY—Hippeas is donating up to $50,000 to Whole Kids Foundation, according to a press release. The contribution will be invested in grants for school gardens, salad bars, and beehives, helping 7.3 million children make healthy food choices. For every Hippeas 4oz bag and 6-pack of 1oz bags sold...
Oklahoma—Judge Thad Balkman of Cleveland County District Court ruled on Monday that Johnson & Johnson (J&J) had intentionally downplayed the risks and oversold the benefits of opioids, and ordered it to pay the state $572 million, according to The New York Times. The Times notes that this is the first...
Innova Market Insights latest Consumer Survey identifies key characteristics of Generation Z, Millennials, Generation X and Baby Boomers, with insights into the holistic nutrition approaches that can be tailored to these groups to help boost sales. Highlights of the findings, announced in a release titled Holistic Health Speaks to All...
Global consumption of EPA and DHA omega-3 ingredients is likely to see a jump by the end of 2019, according to a press release from Fact.MR. The market hit $4 billion by the end of 2018, the press release notes, and it’ll likely see a 6.7% yearly hike in 2019.
Denver, CO—Ardent Mills has signed a 25-year agreement with US Solar to purchase an expected 1.8 million kWh annually, under a subscription plan supporting US Solar’s solar gardens in Goodhue County, Minnesota, according to a press release. Ardent Mills has a mill in Minnesota, Hastings Mill, and while the solar...
Beer Sheva, Israel—A tomato nutrient complex (TNC) provided by Lycored may help maintain normal blood pressure in untreated hypertensive individuals, according to a new double-blind, randomized, placebo-controlled study from researchers at the Ben-Gurion University of the Negev in Israel. Researchers split participants into several groups: a placebo group, a group...
