Above Food’s fast-growing plant-based platform serves over 35 countries and over 300 business customers
VANCOUVERBC and REGINA, SK, January 21, 2021 /PRNewswire/ – Eat Beyond Global Holdings Inc. (CSE: EATS) (OTCPK: EATBF) (FSE: 988) (“eat beyond” or the “accompaniment‘), an investment issuer focused on the global plant-based and alternative foods sector, announces it has completed an investment in Above Food Inc. (“About food“).
Above Food develops and distributes high-quality, whole-plant alternatives to meat and dairy by creating delicious, nutrient-dense consumer products and branded ingredients. It uses a proprietary blend of plant-based proteins made from legumes and gluten-free grains. Above Food brings its products to market by leveraging strategic relationships with leading co-packers, distributors and direct marketer e-commerce platforms.
“We are pleased to add Above Food to our portfolio, they are an established, high growth, vertically integrated company focused on their proprietary botanical ingredients and plant proteins from seed to fork. The company has established worldwide distribution and generated revenue from $127 million in the last twelve months alone,” said Patrick Morris, CEO of Eat Beyond. “The company is growing rapidly and we look forward to supporting this growth as it continues to accelerate.”
Above Food currently serves over 300 customers in 35 countries with its well-established B2B platform for plant ingredients and plant proteins, including many leading brands. The company will also launch its own B2C product line starting in 2021, which will include plant-based meat, plant-based dairy, plant-based baby food and plant-based baked goods.
“What we have built is truly groundbreaking. The ability to store these new proteins, including lentils, chickpeas, fava, peas and oats, from seed to end consumer plates allows us to create nutrient density and superior functional performance in our B2B, Advanced Ingredient and B2C markets business areas,” he explains Lionel KambeitzExecutive Chairman and Chief Executive Officer of Above Food Corp.
About Eat Beyond Global Holdings
Eat Beyond Global Holdings Inc. (“Eat Beyond”) (CSE: EATS) (OTCPK: EATBF) (FSE: 988) is an investment issuer that makes it easy to invest in the future of nutrition. Eat Beyond identifies and makes investments in global companies that develop and commercialize innovative food technologies, plant-based and alternative food products. Led by a team of food industry experts, Eat Beyond is the first issuer of its kind in Canada, which offers retail investors a unique opportunity to participate in the growth of a broad cross-section of alternative food opportunities and gain access to companies that are driving a smarter and safer food supply. Learn more: https://eatbeyondglobal.com/
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SOURCE Eat Beyond Global Holdings Inc.
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