Have an additional perspective to share? Send us a message to let us know, and if your comment is chosen by our editors it could be featured here. Get daily cannabis business news updates. Over the last two years, AriZona has released new products like beef jerky and fruit snacks, with plans to launch a line of seltzers with fruit juice later this year. Last year, its market share dropped to 16.2 percent from 23.4 percent in 2013. The upside is we’re one of the first ones in an emerging space.” - Don Vultaggio, Arizona chairman and CEO, to the JournalĪriZona is not a publicly-traded company and Vultaggio indicated the company would have likely been unable to move forward with the project if the company had been listed on any trading exchanges.Īccording to the report, AriZona is looking to diversify its products after losing its top spot as the leader of ready-to-drink tea to Pure Leaf, which is a joint venture by Unilever PLC and PepsiCo, Inc. Under the deal, Dixie would produce the products in the states where they are sold. Buy products such as AriZona Green Tea With Ginseng And Honey for in-store pickup. and eventually expand into Canada and Latin America. Shop for AriZona Iced Tea in our Beverages Department at Kroger. The deal, which still needs approval from Dixie’s board, also allows AriZona the right to purchase a $10 million stake in the company.Īccording to the report, AriZona, based in Woodbury, New York, plans to market teas, lemonades, sodas, coffees, and seltzers in the U.S. ![]() to market cannabis-infused gummies, drinks, and vape pens, the Wall Street Journal reports. ![]() AriZona Beverage Co., the company that produces AriZona Iced Tea, has reached a deal with Denver, Colorado, based Dixie Brands, Inc.
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