Constellation Takes Minority Stake in New Functional Beverage Brand, HOP WTR

Dear Client:    Constellation announced today that it has acquired a minority stake through its venture capital group, Constellation Ventures, in one-year-old functional beverage brand, HOP WTR. The brand was founded in 2020 by Nick Taranto and Jordan Bass, with the goal to create “a calorie-free beer-alternative” that “still offered a functional benefit beyond what sparkling waters and non-alcoholic beers deliver today,” per announcement. “We looked around the market for good alternatives for beer and we couldn’t find one that checked