Above Food

Gasthalter & Co. is handling the merger of Above Food Corp., plant-based protein marketer, with Bite Acquisition Corp. in a deal valued at $320M.

Above Food’s “seed-to-fork” platform spans regenerative agriculture, ingredients manufacturing and consumer platforms to drive positive change across the food chain.

CEO Lionel Kambeiz believes Above Food is well-positioned in the $200B plant-based food market that is driven by food scarcity and insecurity, global supply chain disruptions, ESG and sustainability demands.

The company, which is based in Regina, Saskatchewan, projects revenues of $482M during the fiscal year ending January 2024 and adjusted EBITDA of $23M.

Its stock will trade on the Big Board.

Gasthalter & Co.’s Nathaniel Garnick and Grace Cartwright handle the SPAC deal.