Walgreens is set to launch a new private label wine in the next few weeks. Colby Red is a California blend of Cabernet, Zinfandel, Shiraz, Merlot and Petite Sirah and will retail for $12.99. The wine is dedicated to raising awareness for heart disease in association with the American Heart Association. Winemaker Daryl Groom was inspired to create the wine in honor of his 12-year old son, Colby Rex Groom, who was born with…