Maple Leaf Foods Reduces Plant-Based Greenleaf Division by 25% Following Decrease in Demand

August 12, 2022 Vegconomist

Maple Leaf Foods, one of Canada’s largest meat producers, says it is downsizing its plant-based foods division, Greenleaf Foods, by 25% following consecutive quarters of disappointing sales.

Maple Leaf Foods Extends Existing $2 Billion Sustainability-Linked Credit Facility

July 6, 2022 Maple Leaf Foods

Maple Leaf Foods Inc. announced that it has completed an extension of its existing $2 billion sustainability-linked credit facility with its existing banking syndicate. The credit facility consists of a CDN$1.3 billion unsecured committed revolving line of credit maturing on June 29, 2027 and two unsecured committed term facilities in the amounts of US$265.0 million and CDN$350.0 million, maturing on June 29, 2027 and June 29, 2026, respectively.

Cultivated Meat Startup Evolved Meats Raises $2M in Seed Round, Led by Funders Maple Leaf Foods and Big Idea Ventures

May 20, 2022 Evolved Meats

Evolved Meats, a Canadian biotechnology startup, has raised $2 million in its seed round to accelerate its product development and to support the initial scale up of its production processes. This round is led by Canada’s leading protein company, Maple Leaf Foods Inc., and financing is joined by a global protein fund, Big Idea Ventures, and investors Garage Capital, Saltagen Ventures, the University of Waterloo’s Velocity Fund, and strategic angels.

Maple Leaf Foods Releases 2021 Sustainability Report

May 12, 2022 Maple Leaf Foods

Maple Leaf Foods released its 2021 Sustainability Report highlighting the company’s key initiatives, milestones and accomplishments in 2021 on its journey to become the most sustainable protein company on earth.

Maple Leaf Foods Announces Phased Leadership Transition for Board and Management

May 10, 2022 Maple Leaf Foods

Maple Leaf Foods Inc. announced that it is moving forward with implementation of a phased leadership transition plan for the Board and Management.  Michael McCain has been appointed as Executive Chair of the Board and will continue as CEO for the next year as part of the management transition plan which will have Curtis Frank, currently the President and COO, step into the CEO role by the spring of 2023.