McCain Foods is making a substantial investment in its Coaldale, Alta. plant, doubling the size of its facility and output. Established in 2000, the potato plant currently employs 225 people. The announced $600 million investment will provide an economic boost for the region that will create 260 new jobs, the company says. Aligned with McCain's... Read More
Category: Food Processing
Merit Functional Foods has entered receivership while owing approximately $95 million to its two main creditors — Export Development Canada (EDC) and Farm Credit Canada (FCC), according to court documents. A judge on Manitoba's Court of King's Bench appointed PwC as the receiver for the Winnipeg-based plant protein processing company on March 1. According to... Read More
Update: Merit Functional Foods was placed in receivership on March 1. Read more here. Creditors for Merit Functional Foods are asking the Court of King's Bench in Manitoba to appoint a receiver for the plant protein processing company. Export Development Canada and Farm Credit Canada have filed an application for the appointment of a receiver,... Read More
Canada's federal government has allocated more funding for plant protein development across the country, so what types of investments can we expect to see coming up in this sector? Bill Greuel, CEO of Protein Industries Canada (PIC), spoke with RealAg's Shaun Haney on the direction PIC is going with this next round of funding. Greuel... Read More
The federal government has committed another $150 million to Protein Industries Canada over the next five years, as the original funding for the innovation cluster expired last year. The protein initiative is one of five clusters receiving funding as part of the $750 million Global Innovation Cluster program that was announced in the 2022 budget... Read More
For months since the North American Lamb Company (NALCO) announced it had gone into receivership, it's been unclear as to who would take over the Alberta assets of the company, including a large feedlot and processing facility at Picture Butte. Finally public, the majority of the Alberta assets of NALCO have been acquired by Préval... Read More
OPINION Travel with me to a time not long ago when the government in Ontario was of the red variety. The former premier, at one point, went so far as to also serve as agriculture minister, in an effort, one can only imagine, to show her commitment and respect for the portfolio. Kathleen Wynne's government... Read More
Update, as of Nov. 9: Maple Leaf Foods says it is implementing workarounds to maintain operations at its plants while a team of cybersecurity experts continues to work on resolving the "comprehensive" outage caused by a cyberattack. CEO Michael McCain told investors in a quarterly earnings call on Nov. 8 that all the company's plants... Read More
Despite the rate of inflation slowing, food prices continue to tell a different story. The latest grocery report released by Kevin Grier Market Analysis and Consulting lays out what's behind the increasing cost of food, with little evidence that excessive profit-taking by grocers is the culprit. The blame game is certainly being played, says Kevin... Read More
The cost of food, fuelled by inflation levels not seen in decades, is the top "life" issue concerning Canadians. That's the headline emerging from the Canadian Centre for Food Integrity (CCFI) 2022 public trust research report, released during the organization's annual summit in Toronto this week. The 2022 findings illustrate that the cost of food... Read More