Enterra Feed nets $5 mln from Avrio Capital

Enterra Feed has received $5 million in funding from Avrio Capital. Based in Vancouver, Enterra is an agricultural tech firm.

PRESS RELEASE

VANCOUVER, BRITISH COLUMBIA–(Marketwired – March 27, 2014) – Vancouver-based Enterra Feed recently closed $5 million in funding with Avrio Capital, a Calgary-based agricultural fund that identifies and invests in innovative food and agriculture companies that provide solutions to global challenges in the areas of health, wellness and sustainability.
Enterra collects pre-consumer food waste, primarily fruits and vegetables, from food producers, grocery stores, food distributors and other traceable sources and then converts it through a natural insect-based process that imitates nature to yield concentrated nutrient-rich products to grow food: natural protein, oils and fertilizer.
The Avrio funding will be used to complete development of Enterra’s first commercial-scale pilot facility in Langley, BC, which will be operational in the second quarter of 2014. At full capacity, the facility will process up to 54,000 tonnes of pre-consumer food waste each year, helping many local food producers, grocery stores and others comply with Metro Vancouver’s ban on the disposal of food and other organics into its waste stream by 2015.
The Enterra facility is currently processing food from a number of sustainability minded companies including Overwaitea Food Group, T&T Supermarket Inc., Star Produce Ltd., and numerous food processing facilities in the Lower Mainland. The company continues to pilot new sources of pre-consumer food waste in the region as it ramps up production capacity this year.
“We are on track in the ramp-up of our first commercial-scale pilot facility, located in Langley, and it’s particularly rewarding to play a role in facilitating the sustainable recapture of high quality food nutrients so close to home,” said Brad Marchant, Chief Executive Officer of Enterra. “Our region has always been open to innovative and sustainable technologies, and this is another example of our local thought leadership, which is now attracting national and international interest.”
Enterra plans to expand to other agricultural and food production areas throughout Canada and the U.S. and is currently in discussions with several municipalities, with progress announcements anticipated throughout 2014 and 2015.
The Company is also pleased to introduce commercial sales of Enterra Natural Fertilizer (4-2-2), a unique, high quality, organic granular fertilizer for use as a specialty fertilizer in greenhouses, horticulture, golf courses and home gardens. Enterra’s fertilizer is also registered and certified as an input for organic food production in Washington State. Enterra is currently accepting inquiries from wholesale and retail buyers at info@enterrafeed.com for its concentrated natural fertilizer product.
About Enterra:
Enterra’s innovative, proprietary process was conceived by Brad Marchant and Dr. David Suzuki to improve the sustainability of feed in aquaculture and help address the global challenge of diminishing nutrient supply and increasing population. It also recaptures nutrients that would otherwise be lost through food waste. Thirty percent (30%) of the world’s food is sent to landfills or composting facilities, removing much of its nutrient value from the food cycle.
Enterra is a privately held, Vancouver based technology firm with its head office located at Discovery Parks in Vancouver. Enterra’s CEO, Brad Marchant, has successfully founded and built four companies over his 35 year career, most recently including BioteQ Environmental Technologies (TSX:BQE) which applies innovative technologies and operating expertise to help mining companies solve challenging water treatment problems, converting wastewater into a useful resource. Enterra’s senior management team has credentials and experience in creating and applying sustainable technologies and related businesses. Its directors and advisors are seasoned business leaders with local and international experience and a wealth of business, scientific, and financial expertise.
For more information, visit www.enterrafeed.com.

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