Reading Time: 2 minutes Reuters — Beyond Meat, a U.S. maker of plant-based burgers and sausages, said it expects to more than double its revenue and report breakeven EBITDA this year, sending the its shares up over 21 per cent. The company said it expects to record revenue of $210 million in 2019 (all figures US$), with break-even earnings, […] Read more
Beyond Meat sees sales more than doubling in 2019
U.S. firm partners with James Cameron’s Prairie pulse processor
Reading Time: 2 minutes CNS Canada — Saskatchewan pulse processing company Verdient Foods has entered into a joint venture agreement with U.S. company Ingredion to expand operations. The organic pea protein fractionation facility at Vanscoy, about 20 km southwest of Saskatoon, has been running since last year and the new agreement will see it expand operations to include more […] Read more
A+W to launch pulseburger next month
Reading Time: 3 minutes Canada’s second-biggest burger chain plans to roll out a new non-meat burger in the Canadian market starting in July. A+W Food Services of Canada on Thursday announced a July 9 release date for what it’s dubbed the Beyond Meat Burger at all its restaurants across the country, in what CEO Susan Senecal called “the fastest […] Read more
Roquette counts on expanding Canadian pea output
Reading Time: 2 minutes Winnipeg | Reuters — France’s Roquette, which is building the world’s largest pea protein plant in Manitoba, is counting on the province’s farmers to boost their production to supply the $400 million factory, the company said Friday. Roquette raised eyebrows this week when it said it would build the plant in Portage la Prairie, Man., […] Read more
France’s Roquette bets on pea protein with Manitoba plant
Reading Time: 2 minutes Paris | Reuters — French plant-based ingredient maker Roquette will build the world’s largest pea protein facility in Manitoba to meet fast-growing demand for vegetable protein in food and pharmaceutical products in North America, the group said Wednesday. The global pea protein market has seen a sharp rise in recent years, mainly driven by increasing […] Read more
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