(Art Babych/Shutterstock.com)

$100 Million Vegan Food Investment Announced By Canadian Prime Minister

by | June 23, 2020

The Prime Minister of Canada Justin Trudeau has announced a $100 million investment for the vegan food industry.

Trudeau has allocated the money to Merit Functional Foods — a company in Winnipeg that produces plant-based proteins. The investment will be used to build a new facility for commercial-scale production.

“A World Leader In Plant-Based Proteins”

“As people around the world start eating more plant-based products, we have an opportunity to bring together Canadian innovation and Canadian crops,” said Trudeau.

“This facility will be a world leader in plant-based proteins and create good jobs in a fast-growing field,” he added.

“By using 100% Canadian input it will also support farmers who produce the canola and yellow peas used in Merit’s products.”

canola vegan food crop
Merit Functional Foods uses canola to create plant-based proteins (Elpisterra/Shutterstock.com)

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Merit Functional Foods states it “is committed to exceeding expectations for plant-based protein, providing the market with disruptive protein ingredient solutions that offer unmatched purity, exceptional taste, and excellent solubility.”

“Creating Jobs And Adding Value”

“This is a very exciting project that demonstrates our Government’s commitment to positioning Canada as a leader in production of plant proteins,” said Marie-Claude Bibeau, Minister of Agriculture and Agri-Food.

“The made-in-Canada agricultural technologies and innovations from Merit Functional Foods not only give us a competitive advantage in the global marketplace, they are creating jobs and adding value to our farmers’ commodities,” she added.

Do you think this is an exciting step forwards for the vegan food industry in Canada? Share your thoughts with us in the comments below!

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