Above Food

above food redwood group

© vegconomist
Investments & Acquisitions

Above Food Acquires The Redwood Group’s Specialty Crop Food Ingredients Division in $34 Million Deal

Above Food Ingredients Inc. (Nasdaq: ABVE) has announced the acquisition of The Redwood Group (TRC), LLC’s Specialty Crop Food Ingredients Division. The acquired assets, which are based in Montana, supply high-quality grains, pulses, and specialty crops to over 35 countries, serving both the human and pet food sectors. The deal, valued at $34 million, marks Above Food’s first physical expansion into the United States, significantly enhancing its supply chain and market presence. The assets generated $164 million in unaudited revenue in 2023 and have averaged an adjusted EBITDA of $5.3 million over the past three years.  Lionel Kambeitz, founder, president, CEO, and executive chairman of Above Foods, commented, “This acquisition marks a major milestone for Above Food and strengthens our international footprint as our first …

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Above Food

© Above Food
Stock market

Above Food Corp. Goes Public: Shares Now Trading Under ‘ABVE’ on Nasdaq

Above Food Corp., a vertically integrated plant-based food company, announced the start of trading for the common shares and warrants of Bite Acquisition Corp. (formerly NYSE AMERICAN: BITE) and Above Food under the combined entity, Above Food Ingredients Inc. Trading begins today, July 1, on the Nasdaq Stock Market with the ticker symbols “ABVE” and “ABVE.W.” The business combination was approved by Above Food shareholders on June 7, 2024, and Bite’s stockholders on April 29, 2024. The transaction was finalized on June 28, 2024. Lionel Kambeitz, founder, CEO and executive chairman of Above Food Ingredients Inc., remarked on the milestone: “The completion of our business combination marks a major step forward in our vision to drive transformative change across the entire food value chain.” Strategic …

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Foody's foie gras

© Foody's
Investments & Acquisitions

Above Food Acquires Spanish 3D Printing Pioneer Foody’s, Bolstering FoodTech Capabilities Pre IPO

Canadian regenerative ingredient company Above Food Corp. has announced its acquisition of Brotalia, S.L., a Spanish company specializing in innovative food technologies. Brotalia, operating under the commercial name Foody’s, was previously a subsidiary of Spain-based Grupo Empresarial Enhol, S.L. Founded in 2017, Brotalia focuses on developing, producing, and marketing sustainable and nutritious food products. The company is notable for its advanced research in dry fermentation technologies, which enhance nutrient density by upcycling ingredients and by-products into high-value products. The acquisition excludes Brotalia’s hydroponic herb production business, Foodys Agro, which remains under the ownership of Grupo Enhol and Agorreta. Foody’s 3D printing technology Foody’s offers a range of plant-based products, including burgers, meatballs, nuggets, fish-style milanesa, and foie gras. The company has also led the commercialization …

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LomaLinda_TUNO_Lifestyle

Loma Linda / Atlantic Natural Foods
Stock market

Above Food Corp. to Be Listed on NY Exchange Through SPAC, Plans Takeover of Atlantic Natural Foods

Canada’s Above Food, producer of plant-based ingredients and CPGs, is to list on the NY exchange through a SPAC transaction with Bite Acquisition Corp. Additionally, the company is set to purchase Atlantic Natural Foods, whose subsidiaries include plant-based brands Loma Linda, CHICK’N, and Tuno, as part of the IPO. Above Food Corp. and Bite Acquisition Corp. enter a definitive business combination agreement that values the company at a pro forma enterprise value of approximately $319 million. Upon completion of the proposed transaction, Above Food will be a publicly traded company and is expected to be listed on the NYSE under the new ticker symbol “ABVE.” Above Food is a differentiated, vertically integrated plant-based ingredients and foods company committed to regenerative agriculture and sustainable food technologies …

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oat base made with zero wastewater technology

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Ingredients

Above Food Reveals Oat Base Made With “Revolutionary” Zero Wastewater Technology

Vertically integrated plant-based foods company Above Food has unveiled a “disruptive” oat base made with highly efficient zero wastewater technology. The ingredient will be showcased at Expo West in Anaheim, March 9-12 2022. Above Food acquired Sonic Milling’s technology, which uses microscopic air bubbles to efficiently break down ingredients, just last month. This technology is used to produce Above’s oat base, which can then be used to make plant-based ice cream, cheeses, spreads, oat milk, and more. The oat base will launch in the fall of this year as a cornerstone product in Above Food’s Specialty Ingredients division. The company has partnered with regenerative farmers to source the oats transparently, in a way that supports the long-term health of the soil. Seed to fork Above …

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plant-based whole cuts

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Food & Beverage

Above Food Partners With Umiami to Develop Plant-Based Whole Cuts

Vertically integrated plant-based marketplace Above Food has announced it will be partnering with French food-tech company Umiami to research and develop plant-based whole cuts. Umiami has developed technology that allows for the production of larger cuts of plant-based meat than were previously possible. Commonly-used extrusion techniques allow for either a mince-like texture or small pieces of plant-based meat, but not whole cuts. As part of the collaboration, Umiami will benefit from Above Food’s proprietary protein ingredients and scaling production processes. This will allow for more rapid development of plant-based whole cuts — both of alt-meat and alt-seafood. “Seed to fork” Above Food spent a year acquiring brands in the plant-based sector — including Atlantic Natural Foods, owner of vegan tuna brand TUNO — before launching …

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Above Foods

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Company News

Above Food Launches “Seed to Fork” DTC Platform to Bring Traceable Plant-Based Food to the Masses

After spending the last year acquiring brands in the plant-based sector, Above Food is now ready to launch its new direct-to-consumer e-commerce platform. With its “Seed to Fork” model, the Above Food plant-based platform offers unparalleled traceability and qualifiable sustainability. Having onboarded brands across many plant-based segments, including oats, dairy-free alternatives, and pantry staples, the vertically integrated Above Food platform will give consumers across North America the opportunity to enjoy more than forty products with home delivery. Above Food’s e-commerce platform focuses on nutrient-dense, regenerative organic, and regenerative natural foods, with brands including Eat Up! by Above Food – its in-house organic brand, as well as Farmer Direct Organic, Only Oats, and Culcherd – producer of organic plant-based dairy products. “Now more than ever, consumers …

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