Dane Creek Capital acquires stake in Midgard Insect Farm
Dane Creek Capital Corp (DCCC), a Canadian merchant banking venture firm, has acquired a 48 percent interest in Midgard Insect Farm Inc, a Halifax producer of insect-based powder that can be used in a variety of industries. No financial terms were disclosed. Founded in February by President Joy Hillier, Midgard focuses on the production of cricket meal for the pet food industry. An immediate result of the company's partnership with DCCC will be establishment of a research facility in association with Perennia. Toronto-based DCCC was launched last month by Mark Warren and Glen Tennison to invest in pet-related startups across North America.
17 November 2016•5 mins read
