GHOST started in sports nutrition with pre-workout and amino powders, then launched GHOST ENERGY in 2020 through a partnership with Anheuser-Busch InBev, scaling to over 50,000 locations. Its flavours lean on confectionery and culture collaborations — Welch's, Warheads, Bubblicious and the FaZe Clan "FAZE POP" — alongside MLB and NBA team deals.
In October 2024 Keurig Dr Pepper agreed to buy a 60% stake for $990 million, with plans to acquire the remainder in 2028; as of 2024 GHOST products sell in over 40 countries.