New Canadian fund will invest in alternative food sector

February 10, 2020, Vancouver, B.C. – The Eat Beyond Global Investment Fund, the first of its kind in Canada, has been launched to provide retail investors the opportunity to invest in the alternative food sector.

The fund is expected to be listed on the Canadian Securities Exchange in the second quarter of 2020.

About $17 billion has been invested in the plant-based food industry to date, and 2018 saw a 39-per-cent increase in the number of deals completed compared to the previous year, according to a report from The Good Food Institute. The unprecedented success of Beyond Meat and similar companies has shone a spotlight on the industry.

“This is clearly a growing sector, and we noticed that there weren’t many opportunities for the retail investor to participate – so we created one ourselves,” said Patrick Morris, CEO of Eat Global. “We spent over a year reaching out to over 100 companies worldwide, and the innovation that we saw blew us away.

“I expected to see 100 different types of vegan burger patties – but we found companies creating everything imaginable, and have decided to focus our efforts on alternatives in four key areas: meat, seafood, eggs, and dairy.”

Eat Beyond has assembled an investment committee of industry-leading experts to assist with vetting the companies and their potential. The committee includes:

• Lloyd Lockhart: Co-founder of Choices Market with 46 years of grocery retail experience.
• Diane Jang: A consumer packaged goods industry veteran with 29 years of experience with companies such as Sunrise Soya Foods, Earth’s Own Food Co Inc., Hempco Food and Fiber Inc.
• Alan Linder: Food distribution expert with over 30 years of experience managing food distribution across both North America and Asia, including 25 years with United Natural Foods Inc.

“We are truly passionate about supporting innovation in the plant-based food movement. The positive impact that these products can have on people’s health, as well as the environment, are immeasurable,” added Morris.

Eat Beyond Global Investment Fund identifies and invests in global companies that are developing and commercializing innovative food products including alternatives to meat, seafood, eggs, and dairy.