Dive Brief:
Stevia sweetened soda brand Zevia closed a $200 million minority investment from Caisse de dépôt et placement du Québec (CDPQ), an investor that manages pension funds in Canada. Zevia said it will use the funding to pursue its global expansion strategy.
In its announcement, Zevia noted that it selected CDPQ as its investment partner for its ability to accelerate the company s growth through expertise in asset management, international reach and a strong commitment to environmental, social and governance values.
Soda sales have slipped year over year for over a decade, but stevia presents an opportunity for companies to redefine the product as a healthier beverage. The stevia sweetened beverage category grew by 36% in 2018. Zevia has capitalized on this better-for-you trend by steadily increasing its stevia beverage line since 2015.
carolina. several cars left with the airport valet were infested with ants. entire colonies moved into some of these cars. some customers complained the ants bit them and had a tough time getting rid of those ants once they drove away. they were streaming all through the interior of the car and all over the exterior of the car. but, hey, it s all good because the valet service, you know what they did? they refunded their parking charges. all is forgiven. managers say the ants are running rampant near the parking lots. traps and insecticides, maybe they ll do the trick. i would have thrown in a bottle of pesticide or or a bottle of champagne. something. speaking from champagne to pepsi, it s going to sell a new product in a new way. it s pepsi true. it will have fewer calories than the traditional version as the entire soft drink industry is battered over health issues, and it will only be sold online by
amazon. pepsi true will be naturally sweetened and sold in 7.5-ounce cans. eventually, yes, pepsi will sell it in the grocery stores. from true to blue, giant grain silos are now the world s biggest six-pack. workers put the finishing touches on the structure to turn them into replicas of labatt blue. that s a beer can. the silos are part of a new business complex which includes a brewery. one of those silos will hold grain for the brewery but won t be labatt beer. let s turn to some weather, shall we? fall coming down from canada. it s whipping up pretty nasty storms in the middle of the country. thunderstorms blowing in off the gulf of mexico as well. rain and snow across montana and wyoming. and that s where we ll see the first sign of a big chill that s coming. but still in the 80s and 90s in the southern half of the country and a heat wave in parts of the west. mostly 60s and 70s elsewhere. if you have an itch, there s only one thing to do.