Canadian food tech company Nabati has filed patents for a liquid egg alternative in Canada, the United States, and Australia. The company says it also has plans to file in Europe and China.
Canadian plant-based food tech company Nabati Foods Global is expanding its distribution into new markets, with its whole and natural products now available in Asia for the first time and Europe next in line for the recently restructured brand. “We are on a mission to lead the evolution of food, and that means expanding our geographic footprint beyond North America” Nabati’s signature cheesecake is now available in Hong Kong, the Virgin Islands, and Hawaii, in addition to more than 700 stores in North America. Next up for the Edmonton-based company is European distribution, after securing a deal with major food broker the Saralex Group. This deal represents Nabati’s first foray into Europe, with distribution expected to start on the Iberian peninsula in Portugal and Spain …
Over recent months, there has been a spike in plant-based fundraising taking place in the Canadian market. Around 70 percent of young Canadians believe that plantbased meat is here to stay, 77% of Canadian consumers understand the harmful environmental impact of eating red meat, and 74% of Canadians see meat reduction as essential to reduce their carbon footprint.
Plant-based food tech company Nabati Foods Inc has announced a private placement, subject to regulatory approval and formal documentation, of up to $4,000,000. With sales growth of more than 85% in 2020 compared to 2019, the company is poised for rapid expansion and plans to enter the European market in 2022.