Food Processing’s Post

Exciting Milestone for Above Food and Bite Acquisition Corp We're thrilled to announce an important development in our journey: the filing of Amendment No. 2 to the Form F-4 Registration Statement by Above Food Ingredients Inc., a direct wholly-owned subsidiary of Above Food Corp., in connection with our proposed Business Combination with Bite Acquisition Corp. (NYSE AMERICAN: BITE). This pivotal step brings us even closer to becoming a publicly listed company on the New York Stock Exchange under the ticker symbol "ABVE", symbolizing a significant leap forward in our mission to revolutionize the food industry with our differentiated seed-to-fork platform and vertically integrated manufacturing capabilities. Lionel Kambeitz, CEO of Above Food, expressed his excitement about this development, stating, "The filing of the Amended Registration Statement is an important milestone that demonstrates significant progress towards the closing of the Business Combination. It advances our plans to access the U.S. capital markets and accelerate our unique seed-to-fork platform." This Business Combination is projected to have a pro forma enterprise value of approximately US$319 million, with the transaction expected to provide approximately US$44 million of gross proceeds to fund future facility development and working capital needs. For full press release please visit https://lnkd.in/eQ4x9eJg #AboveFood #BiteAcquisitionCorp #NYSE #ABVE #Sustainability #Innovation 

𝐒𝐚𝐜𝐨 𝐅𝐨𝐨𝐝𝐬 𝐀𝐜𝐪𝐮𝐢𝐫𝐞𝐬 𝐀𝐧𝐜𝐢𝐞𝐧𝐭 𝐇𝐚𝐫𝐯𝐞𝐬𝐭, 𝐏𝐚𝐦𝐞𝐥𝐚'𝐬 𝐁𝐫𝐚𝐧𝐝𝐬: Ancient Harvest pioneered the sale of quinoa in the U.S. more than four decades ago. Saco Foods, a niche market-leading food products company, has completed the acquisition of Quinoa Corporation - Ancient Harvest & Pamela's. Saco Foods, a portfolio company of Fengate Asset Management, announced today that it acquired Quinoa Corporation - Ancient Harvest & Pamela's and its brands from Encore Consumer Capital. Terms of the transaction were not disclosed. Quinoa Corporation was advised on the transaction by Green Circle Capital Partners. Founded in 1983, Ancient Harvest pioneered the sale of quinoa in the U.S. and continues to be a leading brand of value-added, plant-based products including gluten-free pasta, polenta and the #1 brand of quinoa. Founded in 1988 and acquired by Quinoa Corporation in 2019, Pamela's is a leading brand of gluten-free baking mixes and baked goods including pancake mixes, snack bars and flours. Pamela's is also the #1 brand of gluten-free graham crackers and fruit-filled cookies. The acquisition adds two category and industry-leading brands to the growing Saco Foods portfolio that naturally align with the Company's commitment to excellence and providing high-quality food products to its customers and end consumers. #FoodManufacturingUSA #FoodManufacturingNews #USManufacturing #MergesandAcquisitions

Lovello Ice-cream, a brand under Taufika Foods and Lovello Ice-cream PLC, reported a remarkable 186% profit growth for Q1 of the fiscal year, driven by increased sales revenue. Details in the comments! #trek #dsenews #stockmarket #stocknews #investing #trading #knowledge

TL;DR: Chunk Foods Raises $7.5M, Expands Plant-Based Proteins to Latin America ↓↓↓ Chunk Foods, a company specializing in fermenting soy and wheat into plant-based meat, has partnered with Sigma Alimentos to enter the Latin American market. Coinciding with this, Chunk Foods raised $7.5 million, bringing its total funding to $24 million. Despite a reduction in venture capital for the plant-based sector, Chunk Foods is entering mainstream restaurants in the U.S. and is confident about growth in 2023, aiming for price parity with animal-based meats. The company plans to use the latest investment to expand its U.S. commercial and operations teams, grow nationwide distribution, and increase manufacturing to keep up with demand. CEO Amos Golan, while not disclosing revenue or valuation, indicated that both exceed previous figures, showcasing investor confidence in the company's market traction and the plant-based protein industry's potential. → https://buff.ly/4b41Mc6

Hempacco and Illumination Brands sign LOI to merge? Hempacco trades on Nasdaq, ticker HPCO. Legacy Distribution Group, the DSD operation acquired from New Age Beverage, boasts over 175 years of collective beverage and snack incubation and distribution in the Colorado market. Xing Tea - an RTD responsible for over 500K cases of sales annually in the Colorado market and over 1.5 million cases annually nationwide. Aspen Pure Water - Water brand with sales and distribution. Beer, Wine, Alcohol, and Tobacco distribution licenses. Exclusive distribution in the three-state distribution market of name brands, such as Xing Tea, Go Fast, Aspen Pure, Daz Bog, Rap Snacks, Dot's, Aqua Hydrate, Clean Cause, Life Aid, Ever Fresh, Press, Zen and more. The DSD's beverage incubator has aided in the initial brand development and regional market penetration for many nationally recognized brands such as Monster, Rockstar, C4, Tommy Knockers, Celsius, Bang, Smart Water, and more. #stock #stocks #nasdaq #OTC #investmentbanker #familyoffice #hedgefund #fund #fundmanager #finance #financenews #wallstreet #privateoffice #nasdaq #investmentbanker #investmentbank #news #financialnews 

"...Marco Bertacca called it “a challenging year"...Amid #NHS Blended Meat Deal, Sales Hit 6-Year Low for Quorn Foods Maker Marlow Foods...in USA... depreciated the value of its £17.7M investment to zero in 2022...last made a pre-tax profit in 2021, when it gained £7.3M". [Anay Mridul] #occci_moronism https://lnkd.in/enCrEigu "But the group’s foodservice fortunes were positive. Rebranded as Quorn Pro this year, this segment saw sales jump by 5% to £28M. Meanwhile, the new Marlow Ingredients division – which supplies Quorn’s mycoprotein to meat and dairy analogue producers – began initial sales worth £300,000."

Four months ago, Nutryfood started with a humble vision and a firm belief in the quality of our products. We ventured into a market filled with instant dosa and idly powders, but we were determined to stand out. Our focus on creating a product that excelled in taste, texture, and overall sensory experience set us apart from the competition. As we continue to grow, companies are approaching us for white labeling and third-party manufacturing. We see each of these collaborations not as mere transactions but as partnerships where we share a bigger vision. Our aim is to expand beyond borders At the core of Nutryfood's journey lies our unwavering commitment to quality. This is what sets us apart and forms the foundation of our brand. We are not just selling products; we are building long-term relationships and striving for excellence every step of the way. Join us in our pursuit of quality, and together, let's elevate the standards of the industry. Whether you're a fellow entrepreneur or an avid consumer, remember - quality is non-negotiable. #Nutryfood #QualityMatters #BrandBuilding

How Weetabix and ERIKS eliminate downtime to maximise productivity at sites where 12 production lines produce an astounding 14.9 million biscuits each day! Read more here ➡️ https://lnkd.in/eGZsFFa7 (📸 Weetabix) #UKmfg #Manufacturing #Food #Production #Productivity #UKmanufacturing

𝐖𝐡𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐭𝐨 𝐒𝐞𝐞 𝐁𝐨𝐨𝐦𝐢𝐧𝐠 𝐆𝐫𝐨𝐰𝐭𝐡 👉𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐑𝐞𝐩𝐨𝐫𝐭👈 https://lnkd.in/d7nrYwas The market study specifies the impact of the global Whey market share on the further advancement of global businesses. Global market expansion and business network and many other factors related to them are also included in this report. In addition to this, the competitive landscape of the Whey industry including emerging market players and prominent market leaders is also discussed in the study report. 👉𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 👈 Eurosérum (Coopérative Sodiaal) FrieslandCampina Lactalis Ingredients Hilmar Cheese Company DMK Deutsches Milchkontor GmbH Arla Foods Fonterra Volac International Ltd LEPRINO FOODS COMPANY FOUNDATION Saputo Dairy UK Ingredients Davisco Foods

Think about it. If there was truly this massive undersupply of greenhouse-grown fruits and vegetables, why not just sell your excess cannabis greenhouse(s) to one of the companies that is already operating in the category - wouldn't they be looking to acquire more capacity? You know, someone that has the incumbent understanding of how to grow fruits and vegetables. Has the incumbent value chain understanding and relationships. Already has product in grocery stores or foodservice distributors? Tilray Brands saying they can easily add in fruits and vegetables to their already dog's breakfast of business lines, is further proof of their inability to understand the importance of focus. I fully expect them to announce their entry into the dog's breakfast category in the coming months - right after they announce a massive stock issuance, as that it even more likely to happen...