Yerba maté has continued to gain steam in the functional beverages market, garnering investor interest. According to its recent SEC filing, drink-market Guayakí Yerba Maté raised $75 million in a fresh investment round, adding to over $100 million from previous venture-backed funding rounds. The California-based beverage company offered $143 million in shares, with approximately $68 million left to sell. Guayaki isn’t the only company gaining its stake in the yerba maté energy market, with an expected CAGR of 4.6%, they are estimated to reach over $2.1 billion in 2029. Yerbaé Brands Corp. ( TSXV:YERB.U ) just began trading on the public markets, but the company has already established a large distribution network. Meanwhile, other players in the functional beverage market like Monster Beverage ( NASDAQ:MNST ), Coca Cola ( NYSE:KO ), Dutch Bros ( NYSE:BROS ), and PepsiCo, Inc. ( NYSE:PEP ) are adding healthy options to their product roster in an effort to keep up with changing consumer demands.
Yerbaé Brands Corp. ( TSXV:YERB.U ) just entered the public markets on February 13 following a business combination with Kona Bay Technologies. The company has garnered over $23 million in lifetime sales through 06/30/2022 and its products are available at 10,000 locations including major retailers like Costco, Sprouts Farmers Market, Safeway, A...
Click here to read the full article on PressReach.com .Subscribe to the PressReach RSS feeds:
- Featured News RSS feed
- Investing News RSS feed
- Daily Press Releases RSS feed
- Trading Tips RSS feed
- Investing Videos RSS feed
Follow PressReach on Twitter
Follow PressReach on TikTok
Follow PressReach on Instagram
Subscribe to us on Youtube