General Mills is starting a VC for food startups

As it faces slowing sales, General Mills says its 301 Inc. business unit will provide growth capital to small, disruptive food companies that could help it compete in new categories and potentially lead to acquisitions down the road. Read more at Fortune...

Oregon AG accuses retailer GNC of selling drug-spiked supplements

A lawsuit filed Thursday claims the retailer unlawfully sold workout and fat-burning supplements that contained a prescription drug used to treat neurological conditions, picamilon, and BMPEA. GNC responded by saying it "promptly took action to remove from sale all products containing those ingredients" and would vigorously defend itself against the allegations.  Read more at USA Today and MarketWatch...

Rising supply chain costs a key concern for CPG executives

CPG companies are facing more logistical challenges as they're introducing more new products, distributing in more nontraditional channels and facing higher transportation costs, according to a new survey by the Grocery Manufacturers Association. Read more at Food Business News...

Freedom Foods to purchase Popina

The nut-free, gluten-free, GMO-free food company purchased Popina Foods, a fellow Australian company that manufactures cereal and muesli products, reportedly using funds from a $65 million fundraise and the sale of some of its stake in A2 Milk. Read more at Manufacturers' Monthly...

Clear Labs starts Clear Food reports that share foods' genetic information

Through in-depth molecular analysis, food analytics company Clear Labs plans to help companies and shoppers determine the accuracy of product labels, nutrition content and food safety through monthly reports. Read more at Food Dive...