Dane Creek Capital increases stake in Midgard Insect Farm
Dane Creek Capital Corp, a Canadian merchant banking venture firm, has upped its interest in Midgard Insect Farm Inc, a Halifax producer of insect-based powder. Dane Creek, which acquired a 48 percent stake in the company last November, increased the stake to 65 percent. Terms were not disclosed. The funds raised will be used for research into crickets as a protein source for dog and cat food products, research into mealworms for the same purpose and cricket manure as an agricultural soil amendment, and other priorities. Midgard was founded last year by President Joy Hillier.
27 April 2017•5 mins read
