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What happened to merit functional foods?

Merit Functional Foods processing facility in Winnipeg derives protein from both canola and peas. It has landed in receivership. (Travis Golby/CBC) The company behind a new Prairie processing plant has landed in receivership, and owes tens of millions of dollars to its secured lenders.

Who owns Merit functional foods?

On Wednesday, PricewaterhouseCoopers took over as receiver for both Merit Functional Foods Corp. and the numbered company that owns Merit's processing plant and property in Winnipeg's CentrePort industrial park following a court order granted that day. The 94,000-square-foot plant opened in February 2021.

What's new at Merit functional foods?

WINNIPEG, Manitoba-- ( BUSINESS WIRE )--Merit Functional Foods, a solutions-based plant protein company, is pleased to announce that its new 94,000 square-foot facility in Winnipeg, Manitoba, is fully scaled to supply leading food and beverage customers with the highest purity pea and canola proteins available for use in plant-based applications.

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