Investor acquires half of Canadian BSFL producer

Investor acquires half of Canadian BSFL producer

Toronto-based Goldbloom Enterprises aims to become a leader in the alternative protein sector.

Eat & Beyond Global Holdings, an investment issuer that focuses on food tech and sustainability, recently acquired 50% of shares and 100% of outstanding warrants of Canadian black soldier fly larvae (BSFL) producer Goldbloom Enterprises.

The firm upcycles products to produce sustainable BSFL protein for use in livestock feed, aquaculture and raw material for pet food and treats, among other categories.

The company also has a 20,000-square-foot grow facility near Guelph (Ontario) where it produces live and freeze-dried larvae.

The Canadian company is spearheaded by Founder and President James Delany, who has 30 years of experience in the pet food and protein sector, and Entomologist Ayesha Jabeen.