It’s not a trend, but a permanent fixture in the landscape now: meat substitutes have become food-product staples due to their overwhelming popularity among today’s health-conscious consumers.
With that, up-and-coming producers and distributors of plant-based fare are expanding their networks quickly. This is facilitated through the support and financial investment of much larger businesses, some of which you’ll most likely recognize as mainstays in the global consumer-goods market.
One of the beneficiaries of this phenomenon is Billy Goat Brands Ltd. (CSE:GOAT, FRA:26B), a venture capital platform focused on investing in high-potential companies operating in the ocean economy.
Billy Goat Brands focuses on a suite of businesses involved in the food and beverage industry, with a focus on: plant-based proteins, functional foods, food technology, and fermented foods. In the 2020’s, Billy Goat Brands has evolved into one of the most talked-about ESG businesses in British Columbia.
Among Billy Goat’s portfolio companies is Sophie’s Kitchen Inc., which has actually been in business since 2010. A disruptive innovator and high-growth leader in the plant-based food industry, Sophie’s Kitchen is known for crafting seafood alternatives that enable people to eat plant-based without giving up the flavors and textures they love.
Deeply committed to making a positive difference globally by making plant-based foods available to everyone, Sophie’s Kitchen was even recognized as one of PETA’s top 10 plant-based seafood brands in 2021.
Billy Goat Brands holds a 33% equity ownership in Sophie’s Kitchen, and the brand has been growing exponentially both in revenues and throughout the U.S. and internationally.
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As the sales of plant-based foods reached around $7 billion in 2020 in the U.S. alone, Sophie’s Kitchen is poised to be a leader in this fast-expanding market.
And speaking of fast expansion, it was just revealed that Sophie’s Kitchen will offer its plant-based seafood, fish and other protein options alongside the products of a well-known multigenerational seafood distributor.
That distributor is none other than Southwind Foods, a highly respected seafood industry leader with over US$550,000,000 in annual sales.
Pursuant to this new master broker agreement and equity partnership with Sophie’s Kitchen, Southwind Foods will leverage its vast influence and capital reserves to provide ongoing support and commitment to product development, sales, and customer support.
Dr. Miles Woodruff, CEO and Co-Founder of Sophie’s Kitchen, elaborated on the major implications of his company’s tie-in with this North American food-industry behemoth.
“Southwind Foods is a behemoth in the food industry with placement in tens of thousands of retailer outlets across the US and more than US$550,000,000 in annual sales,” Dr. Woodruff observed.
“As a family business they think inter-generationally, and we’re honored to have the Galletti family by our side as we work to rapidly increase the consumption of plant-based foods in the US and around the world,” he added.
Dr. Woodruff is referring to the family of Paul Galletti, Owner and Partner of Southwind Foods. Without any doubt, Sophie’s Kitchen and Billy Goat Brands are proud to collaborate with this mainstay in the consumer goods space – and to bring its plant-based fare to so many more healthy eaters throughout the nation.
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On may seventeenth twenty twenty one, in connection with our agreement with Billy Goat Brands LTD, Wallace Hill Partners LTD received five hundred thousand dollars canadian from Billy Goat Brands LTD. On september fourteenth twenty twenty one, in connection with our agreement with Billy Goat Brands LTD, Future Money Trends LLC received five hundred thousand dollars from Billy Goat Brands LTD. Wallace Hill Partners LTD owns eight hundred thousand shares along with one million two hundred thousand warrants of Billy Goat Brands LTD, purchased through a three hundred and fifty thousand dollar canadian private placement done on May fourteenth twenty twenty one.