Overview
In response to the Authorities of Canada, the blue economic system is pushed by sustainable ocean assets and accounts for about $31.65 billion yearly in GDP. A big issue within the blue economic system is the preservation of aquatic life –– particularly, seafood. Consequently, seafood options are projected to succeed in a market measurement of US$1.6 billion within the subsequent decade at a CAGR of 28 %. With this in thoughts, corporations with enterprise fashions that assist the blue economic system and provide plant-based seafood options will possible be of curiosity to traders looking for upside potential.
Billy Goat Manufacturers (CSE:GOAT) (“GOAT” or the “Platform”) is a enterprise capital platform targeted on constructing a portfolio of excessive potential, enlargement stage corporations working within the blue economic system. GOAT is devoted to investing in and serving to develop thrilling and revolutionary corporations with ESG values that handle local weather change, human wellness and the worldwide demand for meals safety. The Platform’s portfolio additionally gives traders early publicity to practical meals, meals applied sciences and fermented meals manufacturers.
In response to the Authorities of Canada, the blue economic system is pushed by sustainable ocean assets and accounts for about $31.65 billion yearly in GDP. A big issue within the blue economic system is the preservation of aquatic life –– particularly, seafood. Consequently, seafood options are projected to succeed in a market measurement of US$1.6 billion within the subsequent decade at a CAGR of 28 %. With this in thoughts, corporations with enterprise fashions that assist the blue economic system and provide plant-based seafood options will possible be of curiosity to traders looking for upside potential.
Every investee firm at the moment in GOAT’s portfolio is anticipated to develop quickly over the following three years. Accordingly, the Platform plans to generate returns on its investments in a number of methods, together with the general public itemizing of its investee corporations, mergers and acquisitions (“M&A”) or different liquidity occasions.
Wanting forward, GOAT has recognized greater than 200 potential portfolio corporations and has engaged in additional than 40 superior discussions to make investments into varied ventures. It expects to conduct detailed due diligence on dozens of corporations so as to arrive at an optimum portfolio of 5 to 10 holdings.
In October 2021, Billy Goat Manufacturers signed a Letter of Intent to buy an fairness stake with Cascadia Seaweed, a vertically built-in firm rising to turn out to be the biggest supplier of ultra-premium ocean cultivated seaweed in North America.
GOAT is led by an skilled administration group that’s well-versed within the nuances of the general public markets, enterprise capital, M&A, technique, company governance and operations. Its administration group has executed over $5 billion of assorted debt and fairness transactions. The group has additionally established extremely profitable channels, concepts and platforms for manufacturers like Finest Purchase, Telus and Tourism BC.
Firm Highlights
- Billy Goat Manufacturers (CSE:GOAT) is a enterprise capital platform targeted on constructing a diversified portfolio of excessive potential, expansion-stage meals and nutraceutical manufacturers corporations working within the blue economic system with ESG values within the blue economic system with ESG initiatives.
- GOAT differentiates itself from a conventional investor as a accomplice that gives strategic help, community connections and assist to its portfolio corporations for quicker scale and progress. All of Billy Goat Model’s portfolio corporations have been greater than happy with the help that Billy Goat Manufacturers has supplied to them.
- GOAT’s present portfolio consists of Sophie’s Kitchen, KOLD, The Vegetarian Butcher and Evanesce Packaging. Sophie’s Kitchen, the corporate’s largest asset, focuses on delivering scrumptious and nutritious plant-based seafood options that assist a blue economic system.
- GOAT signed a Letter of Intent to put money into Cascadia Seaweed, a vertically built-in firm rising to turn out to be the biggest supplier of ultra-premium ocean cultivated seaweed in North America
- Every firm that’s at the moment in GOAT’s portfolio is anticipated to provide a greater than 50 % CAGR in every of the following three years.
- The corporate is led by an skilled administration group that’s well-versed within the nuances of the general public markets, enterprise capital, M&A, technique, company governance and operations.
Key Merchandise
Sophie’s Kitchen
GOAT has the proper to amass as much as a 46 % curiosity in its key holding, which is Sophie’s Kitchen. The Platform can even be offering capital markets advisory providers to Sophie’s Kitchen to assist the enterprise go public on a North American inventory change within the medium time period. Sophie’s Kitchen is Billy Goat Manufacturers’ largest funding so far.
Sophie’s Kitchen gives scrumptious and nutritious plant-based seafood options which have zero mercury content material, no fishy odor, no concern of microplastics and don’t negatively influence the ocean. It’s a producer and distributor that creates each frozen and shelf-stable merchandise. Sophie’s Kitchen’s merchandise embody Plant-Based mostly Toona with Sea Salt, Plant-Based mostly Toona with Black Pepper, Breaded Vegan Shrimp, Vegan Fish Fillet, Vegan Smoked Salmon and Vegan Crab Desserts. Sophie’s Kitchen has skilled speedy income progress over the previous few years.
Sophie’s Kitchen has entered into a number of strategic partnerships to assist its aggressive progress. Its merchandise can be found at varied retailers like Amazon.com, Wegmans, Sprouts Farmers Market, Cease&Store, Walmart and Entire Meals Market. The enterprise additionally has a number of the greatest nationwide distribution companions, together with United Pure Meals, KeHE and Sysco. Sophie’s Kitchen can also be working to develop a plant-based rooster different.
Sophie’s Kitchen has been featured by PETA, Forbes, Yahoo! Finance, Veg World, Properly + Good, East Bay Specific, Bloomberg, VegOut, VegNews, The Beet and Vegconomist. It has additionally received the PETA Vegan Meals Award and the title of “Finest Plant Based mostly Seafood” from Goop’s “A Information to the Finest Plant Based mostly Meats.”
FunGuys Drinks
GOAT owns one hundred pc of FunGuys Drinks and its line of KOLD merchandise. The enterprise goals to fabricate and distribute chilly brew espresso drinks which might be enhanced with natural Chaga and Lion’s Mane mushrooms in addition to slow-roasted chicory for digestive well being. KOLD merchandise shall be packaged utilizing reusable glass bottles by a partnership with Terracycle’s LOOP program. Its technique is to earn a big share of the almost US$23 billion practical mushroom market. KOLD plans to launch within the North American market in late 2021 after which globally thereafter.
The Vegetarian Butcher
GOAT owns a 12.4 % stake in The Vegetarian Butcher, which gives plant-based different meat merchandise to prospects in a bricks-and-mortar grocery retailer format. It focuses on recent vegan deli meats which might be ready in-house, frozen packaged meals and dry and canned substances. The enterprise additionally sells white-label vegan meat substitutes and catering providers.
The Vegetarian Butcher has two main bricks-and-mortar areas in British Columbia in addition to an e-commerce platform to promote its merchandise. Each shops efficiently grew to become money stream optimistic inside two months of opening. Presently, the enterprise is planning to open two extra bricks-and-mortar areas in the identical province. The Vegetarian Butcher can also be exploring potential franchising and value-added manufacturing choices. It has a purpose of producing merchandise in-house to scale back prices and enhance margins. The enterprise additionally hopes to increase nationwide over the following three years with 36 areas, together with 10 or extra shops in Ontario within the Larger Toronto Space.
Evanesce Packaging
GOAT owns a minority stake in Evanesce Packaging, which gives really compostable, natural and sustainable disposable packaging and utensil options to non-compostable and inorganic choices. Its packaging is created from plant-based by-products and doesn’t compromise energy, insulation, nesting capabilities or price competitiveness. The enterprise’ packaging merchandise decompose in underneath 90 days and have a shelf lifetime of over 2 years. Evanesce Packaging’s providing embody takeout containers and compostable straws that do not disintegrate like cardboard straws. Its revolutionary know-how has generated three issued patents, with one patent pending and 17 claims. Evanesce Packaging plans to focus on a number of markets, together with grocers, meat and poultry packers, quick meals chains and produce packers within the first half of 2022.
Cascadia Seaweed
Based mostly in Sidney, British Columba, Cascadia Seaweed cultivates seaweed alongside the coast of BC in Canada. Based in 2019 and produced seed, constructed farms, planted, grew and harvested from 2 hectares of demonstration farms in the identical 12 months, Cascadia Seaweed has a imaginative and prescient to have at the very least 500 hectares underneath cultivation by 2025.
Beneath the phrases of the Letter of Intent, Billy Goat Manufacturers might present capital advisory providers to Cascadia Seaweed in change for an fairness stake within the firm.
Billy Goat Manufacturers’ Administration Workforce
Tony Harris – Chairman and CEO
Tony Harris has over 20 years of expertise as an investor and entrepreneur. Harris has earned a fame for main high-performance groups. Harris is the president of the Tony Harris Group and a accomplice at Harris Auto Group. As an entrepreneur and investor, Harris has intensive expertise in company banking and finance. Harris is an award-winning automotive supplier and actual property developer.
A graduate of the College of Western Ontario, Harris additionally accomplished government training in management and entrepreneurship from Babson Faculty. Harris is a household man, a recognized neighborhood builder and a philanthropist who serves as chair of the Nanaimo and District Hospital Basis.
Kris Dahl – COO and Director
Kris Dahl is the COO and director of Billy Goat Manufacturers. Dahl can also be the founder and managing director of Greenbridge Capital Corp. which is a distinct segment lender that gives liquidity to regulation companies and their purchasers. Dahl has 25 years of expertise in business and retail funding and lending. Earlier than Greenbridge, he labored as an government with TD Financial institution and TD Waterhouse. At TD Financial institution and TD Waterhouse, he managed a 50-person group in 13 workplaces throughout Western Canada and oversaw over $30B in property underneath administration.
Dahl holds an MBA from Dalhousie College, a BCom from the College of Saskatchewan and a FinTech Certificates from Harvard College. Dahl additionally holds a Derivatives Market Specialist designation from The Canadian Securities Institute.
Kerry Biggs – CFO and Director
Kerry Biggs is the CFO and director of Billy Goat Manufacturers. Biggs has over 23 years of finance expertise. Most lately, Biggs was the CFO of two publicly-traded entities throughout the Canadian hashish sector. As well as, Biggs served as vp, treasurer at Lululemon Athletica the place he oversaw capital markets, liquidity, treasury and insurance coverage actions. Biggs was additionally the vp of finance at GCT World Container Terminals Inc. which is an organization wholly owned by the Ontario Lecturers’ Pension Plan. He has held varied senior finance roles at Finning Worldwide and Enbridge Inc.
Biggs holds an MBA from the Richard Ivey Faculty of Enterprise and a Bachelor of Arts in Political Science from the College of Victoria. Biggs can also be a chosen Chartered Skilled Accountant.
Paul Marr – SVP of Advertising and marketing
Paul Marr is the SVP of Advertising and marketing at Billy Goat Manufacturers. Marr is an award-winning government inventive director. Marr is at the moment the principal director at KOLD and he’s the pinnacle of Marcom inventive for EA Sports activities. At EA Sports activities, Marr leads a group of strategists, designers, copywriters and inventive administrators. Earlier than EA, Marr was a director at Cossette which is Canada’s main inventive company. At Cossette, he helped set up model channels, concepts and platforms for manufacturers like Finest Purchase, Telus and Tourism BC.
David Jackson – SVP of Branding
David Jackson is the SVP of Branding at Billy Goat Manufacturers. Jackson is a highly-regarded advertising chief. Jackson is at the moment the principal director at KOLD and VP of selling for EA Sports activities. At EA Sports activities, Jackson is accountable for over $2B of income globally throughout the FIFA franchise. Earlier than EA, Jackson labored in omnichannel promoting for the private and non-private sector with Saatchi & Saatchi in London, United Kingdom. Jackson has additionally held a place in sponsorship technique and activation with Barclays Financial institution.
Jan Urata – Company Secretary
Jan Urata is the founder and president of Take It Public Providers Inc. Urata based Take It Public Providers Inc. in 2011. Take It Public Providers Inc. is a regulatory and company compliance assist service for top-tier junior issuers in a variety of industries starting from biotech, mining, enterprise capital and oil and gasoline. Urata brings over 20 years of business expertise and is well-versed in taking company entities from the preliminary seed capital stage to publicly-listed corporations.
Todd Buchanan – Chairman and Funding Committee
Todd Buchanan is chairman of Billy Goat Manufacturers. Buchanan has over 20 years of expertise working with Fortune 500 private and non-private corporations on the creation and implementation of enterprise course of administration strategies and know-how. Buchanan has confirmed he’s a robust consensus builder and negotiator. He’s targeted on helping founders and households working early-stage corporations from start-up by proof of idea to hyper-growth. Buchanan has labored with varied corporations throughout which he provided his multifaceted expertise. He has held varied senior government positions at a number of corporations together with Worldwide Forest Merchandise, SiCam Methods and its purchasers, Nexii Constructing Options, Luvo Inc., LYFE Kitchen and Equifaira Companions and its purchasers.
Buchanan at the moment serves on the board, as an officer and in advisory roles with a number of corporations, a mutual fund belief and a not-for-profit group.
Asghar Khan – Funding Committee
Asghar Khan is a part of the funding committee at Billy Goat Manufacturers. Khan has intensive expertise working with private and non-private enterprises. He has pushed shareholder worth in addition to long-term progress. Khan had served because the regional head of technique and enterprise growth for PepsiCo. At PepsiCo, Khan drove a multi-billion greenback portfolio in 14 nations throughout the Asia Pacific, with a main focus to develop technique and M&A. Earlier than PepsiCo, Khan held senior finance and planning positions at Rogers Communications Inc. and PwC.
Khan has additionally served on the boards of assorted MNC’s within the Asia Pacific. Khan is a member of CIMA Australia. As well as, Khan holds a Bachelor’s diploma from Albright Faculty, an MBA from Lerner Faculty of Enterprise on the College of Delaware and a Grasp’s diploma in Finance from The Wharton Faculty of Enterprise on the College of Pennsylvania.
Lyndsay Hamelin – Director
Lyndsay Hamelin brings over 15 years of expertise in company and securities regulation. Throughout her profession, she has targeted on securities and company finance. Hamelin assists with managing and orchestrating public firm necessities with a deal with the CSE, TSXV and TSX inventory exchanges in addition to listings on the OTC Markets. After beginning her profession in Vancouver, Canada, Hamelin superior to a senior place working with a top-tier regulation agency in London, England the place she assisted in finishing a company reorganization. Hamelin has returned to Canada the place she makes use of her worldwide experience to assist purchasers navigate complicated company compliance issues, financings and IPO preparations for the Canadian markets.
Natasha Raey – Director
Natasha Raey is an entrepreneur and philanthropist with over 15 years of operational and venture administration expertise. Raey’s main sector focus contains healthcare, hashish, client discretionary and ladies’s empowerment. Raey is the founding father of Bloomelix and the CEO of Skye Hashish. She has had expertise growing and executing analysis tasks, growth motion plans and analysis frameworks for a lot of neighborhood growth and health-focused tasks. Raey is a accomplice at Cadence Well being Centre during which she oversees the event and execution of the multi-disciplinary well being centre and compounding pharmacy.
Raey is an avid philanthropist with a deal with healthcare and ladies’s empowerment. Raey is the founding father of SheTalks World which is a platform for girls to share their tales of empowerment. SheTalks World is a motion that has additionally been acknowledged by CNN Worldwide. Presently, Raey sits on the board of Myconic Capital Corp. Raey holds an Honors Diploma in Molecular Biology and Biochemistry from Simon Fraser College. Raey additionally has a Grasp’s in Well being Administration from the College of British Columbia.
