With investors like Eat Beyond Global Holdings, there is truly no telling where the plant-based sector will go. One of its portfolio brands, Nabati Foods Global, has successfully wielded this partnership to its advantage, recently building a new manufacturing facility in Edmonton, Alberta, Canada, which is roughly five times larger than the original pilot plant.
"With this new facility, Nabati Foods is now capable of producing 1.2 million pounds of plant-based Cheeze and about 1 million pounds of plant-based meat, with capacity potentially continuing the increase as the equipment is upgraded," said Patrick Morris, CEO of Eat Beyond. "Nabati Foods has wisely reinvested a portion of its $7.7 million capital infusion from its recent oversubscribed financing round into this project. Eat Beyond is confident that Nabati will quickly see a significant return on that investment as it extends its geographic reach across North America and eventually into Europe."
Nabati Foods offers whole, natural, plant-based, foods including dairy-free cheesecakes, cheese alternatives, and plant-based meats. Its products are compatible with most dietary restrictions or preferences and are free of all common allergens, a press release stated. The products are non-GMO and contain no refined sugars, dairy, eggs, gluten, or soy.
The company will be housing its research and development department in the new facility, and will continue to expand its team in the coming months.
"Demand for our products, especially Nabati Cheeze, has been so enormous, that we had waiting lists that were several months long," said Ahmad Yehya, CEO of Nabati Foods. "This new production space will enable us to keep pace with increasing demand and supply our growing list of clients."
Eat Beyond will maintain its partnership, counsel, and financial support of Nabati Foods, continuing to expand its portfolio of high-quality products, innovative product lines, and growing distribution network.
So, where is the plant-based sector headed next? Keep reading Deli Market News to find out.
