The receiver for the Merit Functional Foods plant protein processing site in Winnipeg has applied for court approval to sell to a Manitoba numbered company.
Tag Archives plant protein
Buyer steps up for shuttered Winnipeg plant protein processor
Receiver for Merit Functional Foods plant has requested court approval for the sale
ADM announces plan to address accounting issues, posts earnings miss
The company's shares were up 4.3 per cent but down nearly 21 per cent for the year
Global grains merchant Archer-Daniels-Midland announced a plan to fix accounting issues that caused it to correct certain transactions in six years of financial results on Tuesday, though it warned the plan would take time to implement.
ADM CFO placed on leave, shares tumble on probe into nutrition unit,
The global grains merchant cut its 2023 profit forecast, delayed Q4 results on investigation into flagged transactions
Shares of Archer-Daniels-Midland ADM.N slid 16 per cent in early morning trade on Monday after CFO Vikram Luthar was placed on administrative leave as the company investigates certain accounting practices at its Nutrition segment.
At Ag in Motion: 3D printer takes aim at food ingredients
Making foods both plant-based and printable the goal
With the development of 3D printing, the age of Star Trek replicators has arrived. For master’s student Rhea Thomas Thommana and PhD student Kashika Sethi, food replication is on the horizon as well. Thomas Thommana and Sethi were at Ag in Motion this week with a 3D printer designed to incorporate plant-based ingredients into food, […] Read more
Regulations, versatility pull hemp in different directions in West
Crop 'still struggling with reaching its full potential'
MarketsFarm — Accounting for 60 per cent of Canada’s 1,100 cultivation licenses as of 2020, according to Health Canada, Western Canada is the country’s most important region when it comes to hemp production. But while there are more products on store shelves, more cultivars than ever before and high prices for the crop, demand for […] Read more
Pulse weekly outlook: Peas, lentils may see slight movement
MarketsFarm — As the calendar changed to 2022, there was not much movement on pulse markets — but they weren’t entirely static, according to a Saskatchewan-based broker. “Yellow and green peas have been moving (lately), but as far as lentils and others, no,” said Dale McManus, broker for Johnston’s Grain at Welwyn, Sask. He attributed […] Read more
Pulse weekly outlook: Pea protein in demand despite falling yields
MarketsFarm — Very few crops took more of a hit during the drought-stricken summer of 2021 than dry peas. Meanwhile, firm international demand and tightening stocks will raise pea prices even higher. According to Agriculture and Agri-Food Canada’s (AAFC) latest field crop estimates released Friday, pea production dropped 45 per cent at 2.527 million tonnes […] Read more
Plant-based near-chicken on KFC’s Canadian menu to stay
Maple Leaf's Lightlife arm to make 'Plant-Based KFC' sandwich
Updated, Aug. 18: Consumers’ response to a single-day test of plant-based near-chicken menu items in Mississauga last year has led KFC Canada to add the product, full time, to its menu nationwide. The Canadian arm of the Yum Brands-owned chicken chain announced Wednesday its ‘Plant-Based KFC’ sandwiches will be available permanently at its stores across […] Read more
Beyond Meat lines up Canadian patty co-packer
U.S. company launches 'latest iteration' of burger line
One of the names tied closest to the plant protein-based meat substitute sector has enlisted an unnamed Quebec operation to make its beef-similar patties for the Canadian retail market. Los Angeles-based Beyond Meat on Wednesday launched the “latest iteration” of its flagship Beyond Burger, billed as “produced locally at a co-manufacturing facility in Canada” and […] Read more
Pulse weekly outlook: Pandemic may pose market opportunity
MarketsFarm — Plant protein products were steadily rising in popularity before the COVID-19 pandemic set in — but that industry could also get a boost from consumers shifting away from meat in a post-pandemic world. “There’s an increased level of awareness of hygiene issues in the meat industry,” Vishal Vijay, head of business development at […] Read more
Canadian Cattlemen Presents: Depth of Field
