Author of the article: Jeff Labine
Publishing date: Apr 08, 2021 • 22 minutes ago • 2 minute read • BioNeutra chief operating officer Steve Jakeway stands in front of the company’s Edmonton headquarters on Thursday, April 8, 2021. BioNeutra is getting nearly $3M from the federal government to grow its product of organic plant-based food ingredients for the global market. Photo by David Bloom /Postmedia
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Edmonton-based BioNeutra is nearly doubling its manufacturing capacity and bringing its bottle processing to the area following a nearly $3-million cash infusion from the federal government.
Western Economic Diversification Canada (WD) announced on Wednesday the company will receive $2.9 million to accelerate the expansion of its facility, which produces organic plant-based food ingredients for the global market. The additional dollars are anticipated to create 20 more jobs for the company over the next four years.
VitaFiber IMO, sugar alternative, prebiotic, dietary fiber
Agreement helps Company to increase its capacity and enhance business development activities
BioNeutra Global Corporation (TSX:BGA)
It (agreement) demonstrates a level of confidence in us and our products. We are very excited about our future!” Dr. Jianhua Zhu, President/CEO, BioNeutra Global CorporationEDMONTON, ALBERTA, CANADA, April 7, 2021 /EINPresswire.com/ BioNeutra Global Corporation (TSXV:BGA, OTCQB:BGACF) is pleased to announce that its wholly owned subsidiary BioNeutra North America Inc has signed an agreement with Western Economic Diversification Canada (WD) to accelerate the company’s plans to increase its capacity and enhance business development activities.
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Federal investment of
$2.94 million will double BioNeutra s manufacturing capacity, enabling this growing firm to capitalize on global consumer demands and better compete in global markets
EDMONTON, AB, April 7, 2021 /CNW/ - Canadians have long demonstrated the determination and ingenuity needed to lead the development of innovative technologies and processes that advance the agriculture industry. The agriculture and agri-foods sectors are of vital importance to the Canadian economy, providing opportunities for value-added food and food ingredient manufacturing that support high-quality jobs for Canadians.
Government of Canada supports Alberta agri-food sector with investment in BioNeutra (CNW Group/Western Economic Diversification Canada)