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  • Rockshield Capital Corp. (RKS) has signed a letter of intent with Novel Agri-Technologies in which Rockshield will acquire three plant-based companies
  • These investments provide Rockshield with access to a vertically integrated seed-to-market plant-based wellness platform
  • The company will issue up to 85,000,000 common shares and provide a cash consideration of approximately $3,000,000 for the purchase
  • Rockshield Capital is an investment company that engages in investing in early-stage companies that offer capital appreciation potential
  • Rockshield Capital (RKS) is up 8.77 per cent and is trading at $0.62 per share

Rockshield Capital Corp. (RKS) has signed a letter of intent with Novel Agri-Technologies in which Rockshield will acquire three plant-based companies.

According to the letter of intent, Rockshield will assume Novel's contractual rights for Sapientia Technology, Boku International, and a pulse processer.

Once the acquisitions are complete, the pulse processor will operate under the name Prairie Plant Farms Ltd., and Boku and Sapientia will operate as The Healthy Table Superfoods Inc.

These investments provide Rockshield with access to a vertically integrated seed-to-market plant-based wellness platform that brought in $57,428,000 in revenue in 2020.

The new subsidiaries will operate under a division of Rockshield called Nutrition One.

The plant-based food market is expected to grow at a compound annual growth rate of 11.9 per cent from 2020 to 2027, reaching $74.2 billion by 2027, according to Polaris Market Research.

From raw ingredients to consumer packaged goods products, Rockshield's investment combines three industry-leading businesses to create one global brand to compete with the largest plant-based companies.

Nick Demare, Rockshield's Director, commented,

"These companies are creating the future of plant-based foods, and with an operation ranging from raw ingredients to premium CPG products, Rockshield is in a position to capitalize on the entire value chain and generate significant EBITDA for shareholders."

Rockshield will issue up to 85,000,000 common shares and provide a cash consideration of approximately $3,000,000 to the shareholders of the new companies and Novel, with $1,000,000 payable now and the balance due at close.

Rockshield Capital is an investment company that engages in investing in early-stage companies that offer capital appreciation potential.

Rockshield Capital (RKS) is up 8.77 per cent and is trading at $0.62 per share as of 3:51 pm ET. 

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