Greenleaf Foods, SPC, Invests $5 Million in Good Catch®, Plant-Based Seafood Innovator
CHICAGO--(BUSINESS WIRE)--Jan 15, 2020--
Greenleaf Foods, SPC, owner of leading plant-based protein brands Lightlife® (“Lightlife”) and Field Roast Grain Meat Co.™ (“Field Roast”), is continuing to invest in innovation and growth with a US$5 million investment in Gathered Foods Corporation, makers of Good Catch® plant-based seafood products.
“Plant-based seafood is a promising and relatively untapped segment of the plant-based protein market which we believe means there is terrific growth potential,” said Dan Curtin, President of Greenleaf Foods, SPC.
According to United Nations studies, the majority of the world’s fish stocks are exploited, over-exploited or depleted, making plant-based seafood products a promising alternative and natural extension within the rapidly expanding plant-based protein category.
“Investing in Gathered Foods, an innovative company committed to developing sustainable plant-based seafood products that taste delicious, is an excellent fit with both our business strategy and our sustainability goals,” said Curtin. “We are very excited by the talent, vision and innovation of the Good Catch® team and are looking forward to our partnership with them.”
The US$5 million investment was completed in connection with Gathered Foods’ Series B Preferred Share financing round. Gathered Foods plans to use the proceeds from this financing to support its growth plans which include expanding its global distribution for its plant-based seafood products, new product launches and completing construction of its state-of-the-art manufacturing facility.
About Good Catch
Good Catch is a chef-driven revolutionary food company developing flavorful, 100% plant-based seafood alternatives. Founded by pioneering chefs Chad and Derek Sarno, Good Catch products offer the taste, texture, nutrition, and experience of seafood without harming the environment. United by love of good food, plant-based eating, and animal welfare, Good Catch is on a mission to raise consciousness, reduce harm, and preserve environmental resources, all while delivering a great culinary experience. The team is dedicated to creating great tasting plant-based foods for everyone, from vegan to omnivore and everything in between. Good Catch Plant Based Fish-Free Tuna is available nationwide in three versatile flavor offerings including Naked in Water, Mediterranean, and Oil & Herbs.
About Greenleaf Foods, SPC
Greenleaf Foods, SPC, is transforming plant-based protein with a wide array of delicious and innovative products that satisfy consumers interested in adding protein variety to their diets. Our leading brands include Lightlife (“Lightlife”) and Field Roast Grain Meat Co.™ (“Field Roast”). Together, these brands are delighting loyal, longtime fans and enticing new ones who never knew plant-based protein could taste so good. The Lightlife and Field Roast portfolios feature nearly 50 products and represent a leading market position in the refrigerated, plant-based protein category in the U.S. Greenleaf Foods, SPC is a wholly owned, independent subsidiary of Maple Leaf Foods Inc. (TSX: MFI).
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CONTACT: Nicole Pierce
KEYWORD: ILLINOIS UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: SUPERMARKET RETAIL ENVIRONMENT FOOD/BEVERAGE
SOURCE: Greenleaf Foods, SPC
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PUB: 01/15/2020 11:38 AM/DISC: 01/15/2020 11:38 AM