Each day at 5 p.m. we collect the five top food and supplement headlines of the day, making it easy for you to catch up on today's most important natural products industry news.

June 26, 2018

2 Min Read
5@5: Insights from a frozen smoothie subscription service | Alternative proteins attract big investment money

How Daily Harvest’s founder is disrupting the frozen food industry

Rachel Drori launched Daily Harvest in 2015 as a subscription service for superfood smoothies. All of the company’s recipes, which now include lattés, soups, overnight oats and harvest bowls, are co-designed with a chef and nutritionist. In December, Daily Harvest raised a $43 million Series B round that included venture capital firms, celebrities and other investors. Drori’s biggest challenge so far? “Building out the logistics and supply chain,” she says. And her best advice for other female entrepreneurs? "Ask questions, source for information but, most importantly, listen and be observant." Read more at Forbes…

 

VCs serve up a large helping of cash to startups disrupting food

A Crunchbase News analysis of investments in the food and beverage space tallied some $3 billion in disclosed investments over the last 12 months. Where is all that money going? Alternative proteins (including meat substitutes and lab-grown meat) are currently the hottest space for investments, followed by robots for foodservice and sugar substitutes. Read more at TechCrunch…

 

In Benton and elsewhere in Maine, industrial hemp is the crop to watch

Maine is among the 19 states that have enacted legislation to make growing hemp legal. While farmers in the state grew just a quarter acre of the stuff in 2016, that number will likely reach around 888 acres this summer—that surpasses acres devoted to strawberries and pumpkins, for context. Some of this hemp will be used to make CBD tinctures and salves. Read more at Central Maine…

 

Amazon Prime discounts for Whole Foods purchases will cover the whole U.S. from June 27

Since it debuted a 10 percent discount on some Whole Foods purchases by Amazon Prime Members in Florida back in May, Amazon has slowly extended member discounts to other states. Now, all stores across the country will offer a discount on hundreds of sale items starting this week. Read more at Venture Beat…

 

Sacramento co-op members vote not to overhaul constitution after heated campaign

Sacramento Natural Foods Co-op members voted not to “modernize” the store’s constitution by including term limits for board members, membership options for non-California residents and a reduction in member meetings, among other things. More than 56 percent of its 10,000 members voted in favor of the changes, but a two-thirds vote was needed for approval. The co-op makes about $45 million in sales annually. Read more at The Sacramento Bee… 

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