Industry poised for rapid growth
A fast-growing Edmonton startup company that’s a new player in the cellular agriculture sector recently received US$2.2 million from three U.S. venture capital firms and a number of private investors. Future Fields, which was incorporated in 2018, was founded by two University of Alberta graduates and a former U of A employee. All but two…
While food prices continue to climb in Canada, grocers’ fees, in addition to low margins, haven’t helped manufacturers benefit
Many Canadians are oblivious to the fact that, in the food industry, suppliers need to pay grocers to conduct business. Fees were justified by merchandising costs and shelf space – things anyone would expect. But in recent years, things changed. Companies like Loblaws, Walmart and Metro used infrastructure and capital projects to justify new fees.…
Most Canadians wouldn’t know that a lot of the innovation we’ve seen in food retailing in Canada has come from independents
Most of us wouldn’t know if we were in an independently owned and operated grocery store unless a notice is posted somewhere as you enter the store or you ask someone. Canada regularly loses an independent grocer these days. Last week, we learned that Empire (Sobeys) would purchase one of Canada’s top premium independent grocers,…
McCain Foods ups the ante in TruLeaf Sustainable Agriculture
We learned recently that McCain Foods has upped the ante in TruLeaf Sustainable Agriculture and its wholly-owned subsidiary GoodLeaf Farms, Canada’s largest commercial vertical farming operation. McCain has invested $65 million in GoodLeaf, making it the single largest shareholder in the venture. The idea is to create a national network of sustainable vertical farms that…
Canada’s food service industry has suffered. But the pandemic may be exactly what it has been waiting for to make things better
It was certainly a year to be forgotten for the food service industry. Statistics Canada numbers told us this week that food service sales dropped a whopping 32 per cent from the fourth quarter of 2019 to the same period in 2020. The food retail/service ratio, a key metric to assess how important food service…
The increased use of energy supplements is leading to harder butter that doesn’t soften at room temperature
For months, thousands of Canadians have taken to social media saying that they’ve noticed that butter sold in Canada is harder and doesn’t get softer at room temperature. Not all butter is harder but most is. Some people blame winter and the colder weather. The truth is more troubling than that. Disturbing reports now point…
Humans are creatures of habit. Most of us are hardwired to leave our homes to go to a place of work, along with colleagues. Most never really questioned it. Earning a living was about going through the endless commute, dealing with gossip and office politics, and working with people you like and dislike. However, the…
Recalls and plant shutdowns due to COVID-19 couldn’t keep Canadians away from the meat counter. But prices did reach the sticker-shock point
The COVID-19 pandemic has affected everyone on Earth one way or another, which is why the moment we are in is so unique. The way we consume food has also changed: how and where we buy it, and where we consume it have seen tremendous changes over the last 11 months. Proteins play a significant…
China is effectively playing the victim card
If there’s one thing we’ve learned throughout this pandemic, it’s how the science related to the virus can be constantly politicized. And to change COVID-19’s origin story, that’s exactly what China is doing. Many are talking about vaccine nationalism, with concerns that some nations are racing to access as many vaccines as possible. It’s disappointing,…
Couche-Tard has a reputation of generating value by polishing hidden gems in companies like Carrefour
We heard this week that Alimentation Couche-Tard is looking at acquiring European-based Carrefour, the seventh largest food retailer in the world. Buying a grocery chain would be a significant departure from what Couche-Tard is known for. A non-binding, friendly offer of $25 billion was sent to Carrefour. Couche-Tard is all about the convenience store economy.…