Rockshield Capital (CSE: RKS) (OTC: RKSCF) (FSE: 6BC) announced that it has completed a series of investments through the acquisition of issued and outstanding equity securities of Belle Pulses Ltd. and Sapientia Technology LLC, together with its affiliate entity Innovative Prairie Snack Foods Ltd. According to the announcement, Rockshield will not move forward with the investment in Boku International Inc. In addition to the closing of these investments, Rockshield has also closed on a revolving debt facility for $33.5 million from a leading Canadian lender; the company noted that these proceeds were used to satisfy the purchase price of the acquisitions.
Previously, Rockshield indicated that it was planning to focus its investment policy on agri-business, foodtech and plant-based foods with sustainable competitive advantages. With that in mind, Rockshield has announced a new vertically integrated agri-business division; the company is forecasting $60 million in 2021 revenue, with $15 million gross profit and $9 million EBITDA. “The completion of these transactions and underlying strengths of each business coming together is a true differentiator in the plant-based industry,” said Rockshield president Marc Aneed in the press release. “The trends for plant-based foods are only getting stronger, and we are well-positioned to rapidly scale and capture market share with the closing of these acquisitions and $60,000,000 in revenue as our starting point.”
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About Rockshield Capital Corp.
Rockshield is an investment company primarily focused on high-growth companies in the agribusiness, foodtech, plant-based and ESG (environmental, social and governance) sectors. Rockshield’s management team has an extensive record of sourcing, financing and building successful companies across a broad range of industries and maintains a current investment mandate on the health/wellness industry. The team has financed and invested in early-stage venture companies for greater than 25 years, resulting in unparalleled access to deal flow and the ability to construct a portfolio of opportunistic investments intended to generate superior risk-adjusted returns. For additional information about the company, visit www.Rockshield.ca.
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