Canada: Eat Beyond portfolio company Zoglo’s Incredible Food to go public

The kosher plant-based food company aims to become publicly traded via reverse takeover in the coming months

Eat Beyond Global Holdings, a Vancouver-based investment issuer focused on the global plant-based and alternative food sector, has invested in Zoglo’s Incredible Food Corp by joining its recent seed round.

Vaughan, Ontario-headquartered Zoglo’s plans to become publicly traded via reverse takeover in the coming months, and Eat Beyond said it anticipates further increasing its interest in Zoglo’s by participating in its next financing – the ‘go public’ round.

For more than 25 years Zoglo’s has produced kosher, plant-based food and says it’s now ready to enter the mainstream market. It has 14 plant-based protein offerings including plant-based meat, appetisers and veggie products made with concentrated, non-GMO, plant-based proteins rich in vitamins C and A, iron, calcium, potassium and folic acid. Its products are high in fibre, omega-3 fatty acids, and antioxidants and sold in retailers including Walmart, Shoppers Drug Mart, Sobeys and Loblaws

Eat Beyond chief executive Patrick Morris said: “We are excited to work with Zoglo’s and support its expansion plans. Zoglo’s has a deep understanding of its customer’s demand for quality, nutrition and taste. The opportunity is massive for a brand with its impressive track record, and we anticipate that its planned launch in the foodservice business has tremendous potential for success.”

Anthony Morello, chief executive of Zoglo’s, added: “We are very pleased to welcome Eat Beyond as an early shareholder of Zoglo’s. They have a very well respected, highly knowledgeable management team and we look forward to working with them as we continue to grow Zoglo’s to become a dominant player in our industry. We also look forward to maximising the value of their and all of our stakeholders’ investment in Zoglo’s.”