alcohol

This article was originally published on The Bluntness, and appears here with permission.  As more big business movers and shakers appear to be ratcheting up their incursions into the cannabis industry, industry advocates are stepping up their defense.  In March, the U.S. saw the creation...

Naked Wines PLC (OTCMKTS: NWINF) surged higher Thursday following bullish commentary from Light Street Capital's Glen Kacher. What Happened: Kacher referred to Naked Wines as the Netflix Inc (NASDAQ: NFLX) of wine Thursday on CNBC's "Fast Money Halftime Report." Naked Wines has...

A combination of reopenings and seltzer market growth has Credit Suisse bullish on Boston Beer Company, Inc (NYSE: SAM). The Boston Beer Co. Analyst: Credit Suisse upgraded Boston Beer Co. from Neutral to Outperform and increased the price target from $1,304 to $1,490. The Boston Beer Co....

The number of U.S. truck drivers sidelined due to substance abuse violations has surpassed 60,000 and continues to climb by roughly 2,000-3,000 per month, according to federal data. The latest monthly report by the Drug and Alcohol Clearinghouse, administered by the Federal Motor Carrier Safety...

This article by Johnny Green was originally published on Cannabis & Tech Today, and appears here with permission. Historically, cannabis was portrayed as the scourge of humankind. Films like ‘Reefer Madness’ were coupled with other forms of propaganda and spread throughout...

Boston Beer Company Inc (NYSE: SAM) has done a great job taking market share in the hard seltzer category, Jim Cramer said Friday on CNBC's "Squawk On The Street." What Happened: Boston Beer reported first-quarter earnings on Thursday that exceeded expectations. The...

Illinois cannabis taxes exceeded liquor taxes in the first three months of 2021, according to the state Department of Revenue. It’s the first time the Prairie State generated more tax revenue from cannabis than alcohol, Marijuana Moment writes. Marijuana tax revenue amounted to $86,537,000 in...

JPMorgan analysts revised their stance on the beverage sector and presented a new pair trade of assuming a bullish stance on Keurig Dr Pepper Inc (NYSE: KDP) and a bearish stance on Molson Coors Beverage Co (NYSE: TAP). The Analyst: Andrea Teixeira upgraded Keurig Dr Pepper's stock from...

Seltzer is among the fastest-growing categories within the beer, spirits and wine category and should continue growing at a double-digit pace in 2021, Anheuser Busch Inbev SA (NYSE: BUD) CEO Michel Doukeris said Wednesday on CNBC's "Closing Bell." What Happened: Ab-InBev launched...

Twitter Inc (NYSE: TWTR) is one of the two go-to destinations for beer companies to market their brand, according to real-time competitive analytics firm BrandTotal. Constellation Is Winning The Battle: Twitter, along with Facebook Inc.'s (NASDAQ: FB) Instagram platform, are the two...

NBA legend turned entrepreneur Isiah Thomas announced Thursday that his Champagne brand Cheurlin Champagne will become available at Walmart Inc (NYSE: WMT), Sam's Club and Target Corporation (NYSE: TGT). What Happened: Thomas, a two-time NBA champion and core member of the Detroit Pistons...

Thursday premarket trading action was highlighted by a handful of food, beverage, and restaurant names reporting quarterly results. Here's what investors in the space need to know.  Food Stocks Kraft Heinz Co (NASDAQ: KHC) shares were trading 6.26% higher to $36.01 at last check after...

Beer giant Heineken N.V. (OTC: HEINY) is operating under the assumption that "it will take time to get out of the pandemic," Heineken CEO Dolf van den Brink told CNBC. Full Year Results And Outlook: Heineken reported Wednesday morning full-year 2020 results, highlighted by an 11.9%...

Alcohol beverage company Constellation Brands, Inc. (NYSE: STZ) has a path to show "faster and more profitable growth" for six reasons and investors should be buyers of the stock, according to Goldman Sachs. The Constellation Brands Analyst: Bonnie Herzog maintains a Buy rating on...

Uber Technologies Inc. (NYSE: UBER) announced Tuesday that it has acquired Drizly in a $1.1-billion dollar deal. What Happened: Uber said will integrate Drizly into its Uber Eats app while contuinuing to offer services through the separate Drizly app. The approximate $1.1-billion bought deal...