Delta CleanTech appoints Nitin Kaushal to the board of directors thenewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenewswire.com Daily Mail and Mail on Sunday newspapers.
Why is Bruce Linton getting into plant-based food? Well, I would say marijuana, and your assumption would be that I ve got the munchies, said Linton with a laugh.
As the founder and former co-CEO of Canopy Growth, one of the world s largest cannabis companies, it could be reasonable to assume that anything Linton does goes back to marijuana. As Canopy Growth grew, it caught the attention of alcohol seller Constellation Brands, which purchased a more than $4 billion stake in 2017 and 2018 and then fired Linton in 2019 when the company posted a wider-than-expected net loss.
In March 2020, he launched Collective Growth, a $150 million special-purchase acquisition company, with the intent of using it to bring a hemp company public. Hemp, which is in the cannabis family but doesn t have the psychoactive chemical THC, became legal for cultivation in the United States in 2018. The market for that plant, which contains the popular relaxation and pain relief chemical CBD, is very op
Canadian firm secures fresh investment
Above Food Corp., a Canada-based supplier of plant-based ingredients looking to launch a range of consumer-facing products in 2021, has secured investment from listed fund Eat Beyond Global Holdings.
Financial terms were not disclosed and Eat Beyond, a listed investment issuer financing companies offering alternatives to meat, seafood, dairy and eggs, had no further comment when asked for more information.
Above Food, set up in 2019, is planning to launch a range of foods this year. Last autumn, the Regina-based business announced it was looking to launch a line including plant-based meat, cheese and bakery products. The Regina-based firm said its first three products would be plant-based ground, burgers and sausages. The company supplies ingredients to customers in more than 30 countries, including, it says, many leading brands .