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Billy Goat Brands Ltd. (BGTTF) announces its portfolio company, Sophie’s Kitchen, highlighted in a recent FoodNavigator USA article focused on plant-based seafood. CEO Miles Woodruff anticipates significant market shifts as demand for plant-based products rises. A master distribution agreement with Southwind Food is expected to enhance brand visibility and sales. GOAT aims to optimize Sophie’s Kitchen’s enterprise value within the ocean economy, supported by innovative product development and distribution capabilities.
Billy Goat Brands Ltd. (OTCQB: BGTTF) has exercised its incentive purchase warrants, nearly doubling its equity stake in Evanesce Inc., a sustainable packaging company. This move follows Evanesce's achievement of producing 40 million compostable straws per month and plans for expansion into other compostable products. The incentive program raised $8 million to support this growth. Evanesce aims to go public in 2022, with expectations of significantly increased revenue due to rising demand from professional sports teams and theme parks.
Billy Goat Brands Ltd. (CSE: GOAT, OTCQB: BGTTF) has announced a one-year commitment to SeaLegacy through The Good Ocean program, focusing on ocean conservation. SeaLegacy employs media and storytelling to promote ocean health and has a significant social media following, with over 10 million combined followers. The partnership aims to support sustainable commerce and address consumer demands for accountability in product sourcing. GOAT will gain exposure through SeaLegacy's channels and participate in networking opportunities, aligning with its mission for a sustainable ocean economy.
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Billy Goat Brands Ltd. (OTCQB: BGTTF) has announced an upcoming influencer-based marketing campaign aimed at raising awareness about its ESG-driven portfolio and the ocean economy. The three-month campaign will feature collaborations with notable industry influencers to address challenges such as overfishing and plastic pollution. The company’s portfolio includes eco-friendly companies like Sophie’s Kitchen and Evanesce Packaging, contributing to sustainability.
CEO Tony Harris emphasized the potential for this campaign to enhance understanding and identify economic opportunities within the ocean economy.
FunGuys Beverages, a subsidiary of Billy Goat Brands Ltd. (OTCQB: BGTTF), has signed a distribution agreement with Drip Coffee Social to distribute its KOLD line of premium functional cold brew coffee beverages in British Columbia.
This arrangement leverages Drip's extensive retail relationships, enhancing FunGuys' footprint in a market valued at USD 655 million. The deal marks a significant step for FunGuys in its growth strategy and aims to establish its brand within Canada's cold-brew coffee segment.
Billy Goat Brands Ltd. (CSE: GOAT, OTCQB: BGTTF) announced that its portfolio company, Sophie’s Kitchen, is exhibiting at Natural Products Expo West from March 8-12, 2022. The company showcases new packaging and innovative additions to its plant-based seafood line, including various fish burgers and sauces. Sophie’s Kitchen aims to meet the rising demand for allergen-free foods, projected to grow at a 9% CAGR from 2020 to 2030. GOAT holds a 45% interest in Sophie’s Kitchen, reinforcing its commitment to sustainability and innovation in the food sector.
Billy Goat Brands has appointed Zaki Mohammed as President of FunGuys Beverages, along with five other senior executives, to enhance the launch of the KOLD line of cold-brew coffee beverages. FunGuys plans to begin production in the first half of 2022, focusing on sustainable mushroom-infused coffee. Notable hires include Strother Simpson, VP Research and Development, and Lucas Russell, VP Sales. The company is also advancing its manufacturing agreements and e-commerce efforts. The goal is to establish KOLD as a leader in the sustainable beverage market.
Billy Goat Brands Ltd. (CSE: GOAT, OTC: BGTTF) announced significant growth for its portfolio company, Evanesce Packaging Solutions Inc., with a new facility in Nevada expected to triple straw production capacity by Q2 2022. Evanesce has shipped its first order of 10 million compostable straws and plans to ship an additional 20 million in early 2022. The company aims to list its shares on a North American exchange by mid-2022, enhancing its ability to raise capital for expansion in the sustainable packaging market, projected to exceed US$1.2 trillion by 2028.