Food and Beverage

Diversified Royalty Corp. acquires trademarks and other intellectual property rights of BarBurrito Restaurants Inc.

On October 4, 2023, Diversified Royalty Corp. announced its acquisition of the trademarks and certain other intellectual property rights of BarBurrito Restaurants Inc. in Canada for $108 million. Pursuant to the transaction, Diversified Royalty Corp. licensed the BarBurrito Rights back...

Lead Office: Toronto Date Closed: October 4, 2023 Value: $108 million

Fiera Foods in its successful appeal from a Canada Revenue Agency ITC reassessment

Osler represented Fiera Foods in its successful appeal from a Canada Revenue Agency reassessment denying almost $6 million in input tax credits (“ITCs”). In Fiera Foods v. His Majesty the King, Justice Owen ruled that the CRA cannot decide on the specific form of documentation...

Lead Office: Toronto Date Closed: September 20, 2023 Value: $6 Million

Sweet Reason in its acquisition by CANN

On September 27, 2022, Sweet Reason Beverage Corp. announced it had been acquired by cannabis beverage producer CANN. With this acquisition, CANN plans to expand the Sweet Reason brand to tap into new market areas, such as low-THC and CBD-free versions of the product.Sweet Reason is a...

Lead Office: Toronto Date Closed: September 27, 2022 Value: -

Milk Moovement in its $26 million Series A financing round

On July 12, 2022, Milk Moovement announced it had closed its $26 million Series A financing round led by VMG Catalyst with participation from Bread & Butter Ventures, Matchstick Ventures, SOSV and Techstars. Concurrent to the Series A financing, American food safety company Ecolab also...

Lead Office: Toronto Date Closed: July 12, 2022 Value: $26 million

Resson Aerospace in its acquisition by McCain Foods Limited

On June 29, 2022, Resson Aerospace announced it had been acquired by McCain Foods Limited. This acquisition will allow McCain Foods to use Resson’s technology to provide productivity enhancement to farmers and food processors. Resson will emerge as a new business unit within McCain...

Lead Office: Toronto Date Closed: June 29, 2022 Value: -

Chinova Bioworks in its $6 million Series A financing round

On June 22, 2022, Chinova Bioworks announced it had closed its $6 million Series A financing round co-led by DSM Venturing and Rhapsody Venture Partners with participation from Rich Products. This financing will allow Chinova Bioworks to continue building its team, launch new products and...

Lead Office: Toronto Date Closed: June 22, 2022 Value: $6 million

Beyond Oil in its reverse takeover transaction and listing on the CSE

On May 13, 2022, Beyond Oil Ltd. of Israel, a food-tech innovation company making edible oil processing and usage cheaper, cleaner, and healthier, completed its reverse take-over of FTC Cards Inc. and commenced trading on the CSE on May 25, 2022.  Beyond Oil is a developer and...

Lead Office: Vancouver Date Closed: May 13, 2022 Value: -

Flashfood in its US$12.3 million Series A financing

On February 28. 2022, Flashfood announced it had completed its US$12.3 million Series A financing led by S2G Ventures. The funding will support Flashfood's continued expansion in the U.S. and enhance the company's ability to feed more families affordably by working with retailers to...

Lead Office: Toronto Date Closed: February 28, 2022 Value: US$12.3 million

7Shifts in its US$80 million Series C financing round

On February 10, 2022, 7Shifts announced it had completed its US$80 million Series C financing round led by SoftBank Vision Fund 2. The round also included participation from existing investors Ten Coves Capital and Enlightened Hospitality Investments. 7shifts will use the latest round of...

Lead Office: Toronto Date Closed: February 10, 2022 Value: US$80 million

Provision Analytics in its $6 million financing round

On January 13, 2022, Provision Analytics announced it has raised $6 million in a round led by Level 46 Investments, a private special-purpose entity established by the co-founders of TriWest Capital Partners. Trailhead Capital, Serra Ventures, Waterpoint Lane, and Voyager, along with other...

Lead Office: Calgary Date Closed: January 13, 2022 Value: $6 million