Drake Meat Processors Secures Funding for New Plant - Food In Canada

Drake Meat Processors secures funding for new plant - Food In Canada

Drake Meat Processors completes a round of equity investment, which was led by Golden Opportunities Fund with participation from Farm Credit Canada Capital and a group of Saskatchewan-based investors. Proceeds from the equity raised will be used to support the construction of a new 53,000-sf meat processing facility in Saskatoon, Sask., capable of producing over 8 million kg of product annually. The new facility will include a tempering room, an…

Drake Meat Processors secures funding for new Canada plant

Drake Meat Processors has secured financing from a local venture-capital fund to build a new plant, a project that will create 200 jobs.The post Drake Meat Processors secures funding for new Canada plant appeared first on Just Food.

Drake Meats announces plans for new processing plant in Saskatoon

Drake Meats is expecting a strong financial return from a new meat processing plant being built on a five-acre parcel of land at 71st Street and Lipsett Crescent in the city’s north end. Farm Credit Canada, the Golden Opportunities Fund and some local investors are funding the new facility, which is already under construction and slated for completion in June 2026. By that fall, there will be some production with a gradual increase over a 12-to-…