Companies
Aspire Food Group
its London, Ontario cricket-protein plant — billed as the world's largest cricket farm and backed by tens of millions of dollars in Canadian federal funding — was placed into receivership reportedly owing C$41.5 million.
- Country
- United States
Coverage
| EU | IN | US | |
|---|---|---|---|
| food-alt-protein | ✓ | ✓ | ✓ |
Regulatorsefsafda
Verifiable facts
| Fact | Value | Source |
|---|---|---|
| Funding | tens of millions of dollars in federal grants and loans, including $8.5 million from Agriculture and Agri-Food Canada (AAFC) and approximately $41.5 million in debt owed to Farm Credit Canada (FCC) at the time of receivership. | agfundernews.com · search.open.canada.ca · canada.ca · cbc.ca |
| Capacity | Designed for up to 13 million kilograms (12,000 metric tons) of cricket production annually, but operated at significantly less than full capacity (half capacity or below) before receivership. | agfundernews.com · lfpress.com · cbc.ca |
| Production site | 2450 Innovation Drive, London, Ontario; also maintained a research and development facility in Austin, Texas. | cfcanada.fticonsulting.com · lfpress.com · cbc.ca |
| Headcount | Had approximately 150 employees before laying off over 100 workers; reported to employ about 50 workers while in receivership. | cfcanada.fticonsulting.com · lfpress.com · cbc.ca |
| Certification | No specific certifications for the London, Ontario plant were explicitly listed in the provided documents. medium confidence | cbc.ca · marketresearchfuture.com · verifiedmarketreports.com |
| Regulatory approval | No specific regulatory approvals for the London, Ontario plant were explicitly listed in the provided documents. medium confidence | marketresearchfuture.com · verifiedmarketreports.com |
Independent sources: agfundernews.com · canada.ca · cbc.ca · cfcanada.fticonsulting.com · lfpress.com · marketresearchfuture.com · search.open.canada.ca · verifiedmarketreports.com
Technologies
| Name | Cluster | Risk | |
|---|---|---|---|
| Industrial insect farming | food-alt-protein | High | → |
Compiled by BIOECON from primary sources.
Compliance
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