A group of Canadian investment and protein firms is looking to raise $200 million in equity capital to finance the next generation of plant-based food processors, according to Real Agriculture. The consortium, led by Bellwood Partners and Champlin Advisory, ultimately aims to build a pool of capital exclusively for the domestic processing sector, says Protein Industries Canada (PIC). To achieve that, the group will first consult an advisory board to identify major barriers to raising capital for plant-based processing. PIC and its partners are expected to contribute $2.4 million to the equity fund, with the larger consortium program contributing an additional $1.8 million.
Can Beyond Meat Turn Things Around Next Week?
Investors have had good reason to be pessimistic about Beyond Meat's (BYND -6.77%) stock in recent months. The company reported surprisingly weak sales trends in each of its last two quarterly announcements, and these pressures suggest...
