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.
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Canada’s Nabati Foods Announces $4M Private Placement
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.