News

Picture: Beyond Meat

Beyond Meat Q1 revenues slightly ahead of guidance

By Elaine Watson

Revenues at plant-based meat brand Beyond Meat tripled in Q1 2019 vs Q1 2018, surging 215% to $40.2m, slightly ahead of guidance provided in its IPO filings, primarily driven by growth of the ‘cook from raw’ Beyond Burger in foodservice and retail channels....

Ben & Jerry's plans to source its future CBD locally from its home state.

Ben & Jerry’s announces intent for CBD ice cream launch

By Beth Newhart

CBD has not yet been fully legalized in the US, but Ben & Jerry’s is already for preparing for when it may be. The company released a statement committing to incorporating CBD into future ice cream innovations as soon as it is federally legalized....

© Getty Images / jessicahyde

News in brief

UNPA signs MOU with the Hemp Industries Association

By Stephen Daniells

The United Natural Products Alliance (UNPA) has signed a memorandum of understanding (MOU) with the Phoenix-based Hemp Industries Association (HIA). The agreement is an effort to advance hemp extract product research, safety, identity and quality standards.

Layn Corp to invest $60m in building US CBD operation

Layn Corp to invest $60m in building US CBD operation

By Elaine Watson

Layn Corp – best known for its stevia, monk fruit, and botanical ingredients - is making a significant bet on hemp-derived CBD, announcing plans to invest around $60m to build a US facility capable of processing a minimum of 5,000 tons of hemp biomass...

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