Edible Brands is among the several firms focusing their sights at the productive CBD space. As per a study from the Brightfield Group, this year, CBD products’ sales in the US will reach $5 Billion, an astounding 706% dive since 2018. Although that estimation is too sanguine, the profit potential is tempting several…
Category: Business
A Japanese Startup Plans To Sell CBD Products In The US
As the winter arrives it brings along a lot of festivals as well. The most recent are Halloween and Thanksgiving which will be arriving in a weeks’ time. During the festive season, the markets will be seen overflowing with festive treats like jams, cookies, chocolates, gummies, and syrups. The CBD is the current…
Sales Of Flowers Foods Surged By Around 5% During Third Quarter
Reportedly, the sales of Flowers Foods, Inc. for the third-quarter surpassed the expectations and surged to all-time highs. As a result of the robust top-line performance, Flowers changed its full-year sales forecast slightly more from its previous projections. The net income in the third quarter ended on October 5 was about $43,358,000, which…
In A Bid To Settle A Lawsuit, Kellogg Is Paying $20 Million
Kellogg settled its 2016 class action court case and agreed to pay approximately $20 Million for the same. Reportedly, the company was charged for erroneously advertising that a few of its cereals are nutritious and healthy, but added sugar was present in these products. In order to settle this case, the firm confirmed…
Mooala Collects $8.3 Million In Series Funding Round, Aims For Expansion
Reportedly, dairy-free beverages manufacturer Mooala has finalized an $8.3 Million Series A funding round as the company intends to speed up the product development. The round was carried by Sweat Equities with input from many investment companies and family offices, counting series seed lead financier M3 Ventures. Both M3 Ventures and Sweat Equities…