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Dave has declined multiple acquisition offers and remains sole owner of GT's Living Foods, which is worth over $900 million and represents 40% of the U.S. kombucha market. [1] In 2019, Dave donated one million dollars to Kombucha Brewers International in an effort to solidify a “standard of identity to protect the integrity of the product.” [7]
GT's Living Foods' kombucha factory subjected workers to 'deplorable and abusive and disturbing working conditions,' according to a court ruling.
Kombucha (also tea mushroom, tea fungus, or Manchurian mushroom when referring to the culture; Latin name Medusomyces gisevii) [1] is a fermented, lightly effervescent, sweetened black tea drink. Sometimes the beverage is called kombucha tea to distinguish it from the culture of bacteria and yeast . [ 2 ]
In December 2018, GTS acquired an ownership stake in Wavelength Capital Management, a quantitative investment firm. [9] In June 2019, after the acquisition of the two Cantor Fitzgerald divisions, GTS stated it would expand into US corporate bond trading. [10] In December 2019, GTS acquired the equity options trading division of Barclays. [11]
A SCOBY used for brewing kombucha Kombucha co-culture with SCOBY biofilm. Symbiotic culture of bacteria and yeast (SCOBY) is a culinary symbiotic fermentation culture consisting of lactic acid bacteria (LAB), acetic acid bacteria (AAB), and yeast which arises in the preparation of sour foods and beverages such as kombucha. [1]
Jun can be thought of as a cousin of kombucha. Jun is composed primarily of green tea and honey, whereas kombucha is made of black tea and cane sugar. The fermentation process also requires a symbiotic colony of bacteria and yeast (SCOBY). Jun has a sweeter taste, higher price (due to the cost of its ingredients), and limited availability.