There were major files up for discussion this week at the trilateral meeting of cattle industry representatives from Canada, the U.S., and Mexico. Dennis Laycraft, executive vice president of the Canadian Cattle Association, was on hand representing Canada’s interest at the meeting, tackling the biggest policy and political issues facing the industry. Shaun Haney met… Read More

There has yet to be a successful bid for Merit Functional Foods nine months after the plant protein company, with its processing plant in Winnipeg, Manitoba, entered receivership. Merit’s receiver — PwC — filed a court update on Nov. 14 acknowledging the sales process launched in March had not resulted in any purchase agreement. The… Read More

Where once stood a brewery that turned barley into beer in Lethbridge, Alta., now stands a plant that turns peas into protein. The plant — PIP-International — has shifted its focus to the plant proteins sector of agriculture as it continues to grow. Christine Lewington, chief executive officer of PIP-International, joined RealAg Radio Host Shaun… Read More

Merit Functional Foods has entered receivership while owing approximately $95 million to its two main creditors — Export Development Canada (EDC) and Farm Credit Canada (FCC), according to court documents. A judge on Manitoba’s Court of King’s Bench appointed PwC as the receiver for the Winnipeg-based plant protein processing company on March 1. According to… Read More

Update: Merit Functional Foods was placed in receivership on March 1. Read more here. Creditors for Merit Functional Foods are asking the Court of King’s Bench in Manitoba to appoint a receiver for the plant protein processing company. Export Development Canada and Farm Credit Canada have filed an application for the appointment of a receiver,… Read More

The federal government has committed another $150 million to Protein Industries Canada over the next five years, as the original funding for the innovation cluster expired last year. The protein initiative is one of five clusters receiving funding as part of the $750 million Global Innovation Cluster program that was announced in the 2022 budget… Read More

As consumer trends change, food production adjusts to meet demands. Plant-based products and ingredients have taken up residence on grocery store shelves, and this is a trend that’s likely here to stay. CEO of Protein industries Canada, Bill Greuel, discusses the chatter around plant proteins at industry meetings and the evolving market for plant proteins… Read More

Through the pandemic numerous food perspectives were subject to a shift, with more people cooking at home and grocery scarcity showing up for the first time for many. Just ahead of the pandemic, Beyond Meat, a plant-based protein company, went public to much fanfare. The Canadian Meat Council has, of course, been watching the plant-based… Read More

Three Farmers, a company that produces various roasted bean and pulse snacks, just received a sizeable investment totalling $6.2 million between multiple investors including $3 million from Arlene Dickinson’s company, District Ventures Capital. The founded-on-the-Prairies company, led by three farmers and two sisters, embodies one vision that has been built from the ground up, quite… Read More

In an effort to strengthen local food supply chains and to capitalize on the ever-growing plant-based food industry, Protein Industries Canada announced their investment into the collaboration between the food and beverage company, Oat Canada and a global leader in plant-based ingredients, Roquette. The partnership will work towards creating new dairy-alternative products which utilize oat… Read More

 

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