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.
The vegan market is growing in Maine, from soaps to pasta sauces
Baked goods, fresh spreads and frozen treats are among the other new, locally made, plant-based foodstuffs. Maine’s vegan and vegetarian businesses continue to be a hive of activity, as more entrepreneurs enter...
