Dartmouth, Canada

Outcast Foods completes $10-million round of financing

Outcast Foods of Dartmouth was established in 2017 by entrepreneur Darren Burke and former NHL player T.J. Galiardi. The company now has completed a $10-million round of financing, with half the investment from Arlene Dickinson of Dragon’s Den. A second $5-million investment is being made by BDC Capital.

Outcast Foods utilizes rejected, surplus, or past-date fruits and vegetables from local farms, food processors and grocers to produce its line of Plant Strong protein powders and dietary supplements. The food technology company that prevents food waste from going to landfills, instead converting discarded fruits and vegetables into sustainable food powders.

Theguardian.pe.ca quoted Dickinson, the general partner of District Ventures Capital, as saying: “We are pleased to support a company that not only addresses the problems of food waste, but is creating a future world rooted in sustainable food production. We’re excited to partner with Outcast with our investment as they prepare to scale their sustainable plant-based technology.”

 

Photo source: Youtube,com


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