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About Above Food Ingredients Inc.
Above Food Ingredients Inc. (ABVEW) is a vertically integrated, regenerative ingredient company dedicated to creating a healthier and more sustainable world. Leveraging advanced technologies such as artificial intelligence-driven genomics, Above Food develops proprietary seeds that form the foundation of its plant-based food products. The company operates across the entire food supply chain, from primary agriculture and seed development to processing and consumer product delivery, ensuring unparalleled traceability, transparency, and sustainability.
Core Business Areas
Above Food's operations are built around three primary pillars:
- Regenerative Agriculture: The company employs sustainable farming practices that prioritize soil health, biodiversity, and long-term environmental benefits. This approach aligns with the growing global focus on reducing the environmental footprint of food production.
- Proprietary Seed Development: By harnessing the power of AI-driven genomics, Above Food develops high-quality, nutrient-dense seeds tailored to meet the demands of the plant-based food market. This technological innovation ensures the company stays ahead in a competitive industry.
- End-to-End Supply Chain Management: Above Food's vertically integrated model allows it to maintain full control over the production process, from seed to shelf. This ensures consistent quality, cost efficiency, and the ability to deliver products with complete traceability.
Market Position and Differentiation
Operating at the intersection of sustainability, nutrition, and technology, Above Food is uniquely positioned in the plant-based food industry. Its commitment to regenerative practices and transparency resonates with both environmentally conscious consumers and businesses seeking reliable, sustainable ingredient sources. The company's dual focus on B2B ingredient supply and B2C consumer products allows it to address diverse market needs, from food manufacturers to end consumers shopping in grocery stores across Canada and the United States.
Commitment to Sustainability and Transparency
Above Food's mission to 'create a healthier world one seed, one field, and one bite at a time' underscores its dedication to environmental stewardship and consumer trust. By offering full traceability across its supply chain, the company ensures that customers and partners can verify the origins and sustainability of its products.
Industry Trends and Relevance
The plant-based food market is experiencing rapid growth, driven by increasing consumer demand for healthier, more sustainable food options. Above Food's focus on regenerative agriculture and innovative seed development positions it as a forward-thinking player in this evolving industry. Its ability to combine advanced technology with environmentally responsible practices sets it apart from competitors, making it a significant contributor to the future of sustainable food production.
With its robust infrastructure, innovative approach, and commitment to quality and sustainability, Above Food Ingredients Inc. is poised to play a pivotal role in shaping the future of the global food industry.
Above Food Ingredients Inc. (Nasdaq: ABVE, ABVEW) has expanded its pet food business through the acquisition of Montana-based The Redwood Group's specialty crop food ingredient division. This strategic move positions Above Food to capitalize on the US$26 billion global plant-based pet food market, projected to grow at a 9% CAGR through 2032.
Key highlights:
- Expands Above Food's pet food business to approximately US$110M of combined company revenues on a proforma basis
- Strengthens customer base of global leading pet food manufacturers
- Leverages Above Food's vertically integrated seed-to-fork platform for enhanced traceability, quality control, and customization
- Positions the company to meet growing demand for high-quality, sustainable pet nutrition solutions
The acquisition aligns with industry trends such as increasing pet ownership, pet humanization, and a focus on health and nutrition in pet food.
Above Food Ingredients Inc. (Nasdaq: ABVE, ABVEW) has announced a significant breakthrough in lentil crop protection. Its subsidiary, Discovery Seed Labs, in collaboration with BASF Canada, has developed a quantitative molecular assay to detect Group 11 resistance in anthracnose disease affecting lentils. This innovation comes at a important time, as recent research indicates widespread Group 11 resistant anthracnose in Saskatchewan, with 99% of sampled fields showing some level of resistance.
The new assay can detect resistant strains in both plant and seed samples, enabling growers to make informed decisions about disease management and fungicide use. This development strengthens Above Food's position in disruptive agriculture solutions and supports its seed-to-fork platform. Growers interested in testing can contact Above Food for more information.
Above Food Ingredients Inc. (Nasdaq: ABVE) has completed the acquisition of The Redwood Group's Montana-based specialty crop food ingredient division for US$34 million plus working capital. This strategic move expands Above Food's market share in high-growth sectors, particularly the US$26 billion plant-based pet food market, which accounted for about 40% (US$65M) of the acquired assets' fiscal 2023 revenue. The acquisition also strengthens Above Food's position in the US$15 billion global chickpea market.
The deal includes two processing facilities in Montana's 'Golden Triangle,' increasing Above Food's processing capacity by 56,000 metric tons. The company expects to improve utilization rates at its Saskatoon-based Ingredient Center, potentially leading to enhanced production capacity and improved gross margins. This acquisition aligns with Above Food's 'Seed-to-Fork' approach and is expected to generate long-term value for shareholders.
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