Peritus Capital Secures Term Loan for Oberland Agriscience to Drive Sustainable Protein Production
Summary
The non-dilutive funding will support the Halifax-based company in scaling its production through equipment acquisitions and increased working capital.Oberland Agriscience, a leader in sustainable protein, operates one of Canadas largest Black Soldier Fly Larvae (BSFL) farms. It specializes in resilient, nutrient-rich ingredient solutions for aquaculture, pet food, poultry feed, and agriculture industries. The company leverages cutting-edge technology and automation, including machine learning and predictive analytics, to optimize its production processes, setting a new standard in the sustainable protein market. "Black soldier fly larvae are extraordinary insects capable of transforming nearly any organic waste into valuable protein at a remarkable rate. "Partnering with Peritus Capital to secure this investment is a tremendous win for us and the insect farming industry," said Dr. Greg Wanger, Founder and CEO of Oberland Agriscience.