Food

Amid a global pandemic and economic uncertainty, Cerberus sells its stake at $16/share, below the original estimated price range of $18 to $20. Albertsons is the second-largest supermarket operator in the U.S. with over 2,200 stores in 34 states. [more]

The plant-based protein industry experienced significant growth in the past year as several emerging companies developed new innovative plant-based products, while larger traditional restaurants and retail chains created partnerships to meet public demand. [more]

After the fiscal year end, the Company experienced “unprecedented” consumer demand because of the COVID-19 pandemic. OG is still on track to open its 5th store, in the Leaside neighborhood of Toronto, in early 2021. [more]

good natured expects to grow revenue in 2020 by 70-90% to $17-19M, after completing the acquisition of Shepherd Thermoforming, new contracts signed earlier this year, and a new COVID-19 line. [more]

Foodora announces closing of its Canadian arm and files for bankruptcy, however, its parent company, Delivery Hero SE, a Berlin-based food delivery company, reported revenue growth of 92% in Q1/2020. [more]

Good Natured Products announced a C$9.5M acquisition of Shepherd Thermoforming & Packaging, to increase its production capacity, expand its proprietary mold offerings, and improve its customized solutions for package designs. [more]

Organic Garage plans to continue scaling its business while it focuses on targeting positive cash flows with higher margins and developing partnerships with vendors for innovative programs. [more]