by Lynda Kiernan Now that 30 U.S. states have legalized medical cannabis, 10 states and the District of Columbia have legalized recreational use, and the industrial growing of hemp is now federally legal, the cannabis industry has very rapidly matured as demand soars. Furthermore, the legalization of industrial hemp production in the U.S. with the […]
by Lynda Kiernan New York-based private equity firm Blue Road Capital announced its acquisition of B&W Quality Growers, one of the leading vertically-integrated producers of a range of baby/specialty leafy greens, including watercress and arugula. Blue Road is an agricultural-focused private equity investment fund that targets the acquisition of ‘control positions’ in businesses within the […]
by Lynda Kiernan Mars has agreed to acquire a majority stake in German functional food company foodspring from Fonterra, which has stated that it will see a gain of US$43 million through the sale. Once the deal closes, foodspring will become part of Mars Edge, the company’s new health and wellness unit founded in 2017, […]
by Lynda Kiernan Vail, Colorado-based asset manager Manna Tree Partners (Manna) has chosen Vital Farms, an ethical producer of eggs and butter, as the recipient of its first investment. Founded on a single farm in Austin, Texas, in 2007 with 20 hens, Vital Farms’ core mission is to create and coordinate a network of family […]
by Lynda Kiernan Hassad, a subsidiary of Qatar Investment Authority and the country’s top food investor, has acquired a 22.5 percent stake in Canada-based Sunshine Foods International, the largest organic grain and oilseed company in the world. Concurrently, Hassad announced an agreement with Sunshine Foods’ owner Tiryaki Agro to provide the Qatari market with food […]
by Lynda Kiernan An investment group led by Swander Pace Capital, and including Dragoneer Investment Group, entertainers Katy Perry and Orlando Bloom, and Hayden Slater, the founder of Pressed Juicery, has acquired Bragg Live Food Products (Bragg) a pioneer and one of the oldest health and wellness food brands in the world. Founded in Santa […]
by Lynda Kiernan Japanese global conglomerate Mitsui & Co. and Japan’s Starzen Co. have agreed to form a three-way joint venture with a local Chinese partner to establish ShenZhen, a meat and seafood business in China. Located in the southern city of Shenzhen, China, the new venture plans to begin operations in September of this […]
by Lynda Kiernan CannTrust, a licensed Canadian producer of medical and recreational cannabis, is establishing U.S. production operations via a joint venture with the Elk Grove Farming Company. After building a Canadian patient bank of 72,000 individuals, CannTrust has signed a letter of intent with diversified farming company Elk Grove Farming that will give the […]
by Lynda Kiernan Canadian private equity firm Ardenton Capital announced it has taken its first steps into the UK food sector, making a strategic investment in specialty food maker Food Innovations Baking Group (Food Innovations). Financial terms of the deal were not disclosed, however, the structure of the deal incorporates the acquisition of Doric […]
The largest avocado orchard in New Zealand has been redeveloped over the past nine months with higher yielding varieties and has been placed on the market. The 29.7-hectare property in Paparore was established in the 1980s by owners from California, who planted it with Zass on Zutano seedling and Duke 7 rootstock, according to the […]
