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All Real Nutrition Partners with PlasticBank to Clean Up the Oceans

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A Small Company with a Big Mission: To Keep 3,750,000 Bottles From Entering the Ocean in 2021 Alone.

The Irish health food brand All Real Nutrition is partnering with the non-profit Plastic Bank to prevent over eighty US tons of plastic from entering the oceans — and that’s in the year 2021 alone. The David versus Goliath effort comes as a piece of the burgeoning enterprise’s robust sustainability efforts, which already include low food miles, compostable packaging, and monitoring manufacturing electricity, waste, and water usage.
Ever since its inception, All Real Nutrition has been focused on three things. These are summed up in the company’s slogan “Real food. Real people. Real impact.” The first two items are addressed via the company’s popular line of natural protein bars. These are relentlessly developed to provide stellar nutritional value while still competing with the taste of synthetic, sugary alternatives.

While All Real Nutrition’s products stand on their own merits, the company has achieved a unique level of synergistic success through its additional commitment to making an impact. The team behind the brand is sincerely focused on making a difference for the growing customer community that it serves. This has already been demonstrated through various executive decisions, including going plastic-free with its product packaging and adhering to the strictly sustainable standards of the Origin Green Ireland program.

While these efforts have helped All Real Nutrition operate responsibly at home, though, the company is taking its community-focused sustainability message abroad through its latest decision to support the non-profit PlasticBank. The social enterprise is invested in removing plastic from oceans in many of the worst-affected regions around the globe. The organization employs local labor at a premium (often as much as 40% higher than their normal income) to help remove pollution from the water.

Every All Real Nutrition sale contributes to this effort, with each bar equating to two bottles being removed from the water. Never one to shy from a fight, All Real Nutrition has committed to the ambitious goal of keeping 3.75 million bottles from polluting the water in the remainder of 2021 alone. This step is just the beginning of a long-term solution. And yet, for All Real Nutrition, it’s just one more small way that they can improve the lives of their customers and the world that they all share together.

Nature’s Sunshine Appoints Tariq H. Hassan to Board of Directors

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Hassan brings over 25 years of senior management experience, in global brand strategy, communication, innovation and insights at several leading international companies. He currently serves as the Chief Marketing Officer at Petco, leading a team of over 200 to modernize the brand and improve customer experience. At Petco, Hassan was instrumental in stemming a two-year decline, driving 11 quarters of consecutive growth and increasing e-commerce by over 20%.

Prior to Petco, Hassan was a Senior Vice President at Bank of America Merrill Lynch, where he served as both the Head Enterprise Brand, Insights and Creative Services and the Head of Global Wealth Management Marketing.  As part of this, Hassan led marketing across retail, commercial banking and wealth management in 17 key markets. He also drove the Merrill Edge growth program, delivering a 20% YOY increase, to more than $125BB assets under management and 2MM clients.

Hassan also previously served in various global leadership roles with Hewlett Packard and Omnicom. He began his career in advertising, progressing through international assignments with D’Arcy, Leo Burnett and FCB before helping found Element79 Partners, the largest advertising agency start-up in U.S. history.

“Tariq is a proven executive with extensive experience implementing effective growth strategies for global brands,” said Terrence Moorehead, President and CEO of Nature’s Sunshine. “We believe Tariq’s wealth of knowledge in consumer marketing and digital implementation will be invaluable in assisting our efforts as we continue the transformation of our business. We look forward to his contributions to the board.”

Commenting on his appointment, Hassan stated: “Nature’s Sunshine has built a unique platform dedicated to providing their consultants and consumers the highest-quality nutritional supplements and personal care products. Having successfully created and led growth strategies for multinational companies throughout my career, I look forward to leveraging my expertise to collaborate with the board and management team as we continue implementing the company’s five-point strategy for sustained growth.”

Hassan holds a Master of Science in Business Administration & Integrated Marketing Communications from Northwestern University, Chicago. He also earned an HBA in Political Science & Philosophy from the University of Toronto, Canada. Notably, he also completed the Executive Management Program as part of Omnicom University at Babson College, Massachusetts.

The Vitamin Shoppe Signs Sponsorship Agreement with Champion Wrestler David Taylor

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Known as the ‘Magic Man’ and the 2018 World Champion, Taylor joins the specialty health and wellness retailer to help inspire customers with his commitment to sportsmanship and healthy living.

Taylor, the 2018 World Champion in his weight class, has been making headlines throughout his career with his medal-winning competitions on the world stage, currently competing in the freestyle wrestling category at 86 kilograms. The spotlight will be on him this summer as he competes in some of the biggest matches of his life.

Taylor credits his skill, strength, and mental fortitude on the mat to his rigorous dedication to training and healthy nutrition habits off the mat. As a world-class athlete who regularly trains across different modalities eight to ten times per week, Taylor’s focus on a whole food diet and best-in-class sports nutrition to help fuel his performance aligns perfectly with The Vitamin Shoppe’s mission to provide the highest quality wellness solutions and industry-leading expertise to its customers.

“I am proud to partner with The Vitamin Shoppe and support their steadfast commitment to promoting lifelong wellness in every phase of life. I’m a big proponent of healthy living and appreciate The Vitamin Shoppe’s wide variety of trusted health and wellness brands, as well as their team’s thoughtful approach to educating customers about the right products for each individual. When I’m on the road and looking for a quality snack between my meals and training sessions, my favorite protein bars can help power me through my days,” said Taylor of the partnership.

Often dubbed “Magic Man” for his miraculous comeback victories during matches, Taylor is no stranger to overcoming adversity. After nearly a year of being out of commission and unable to defend his 2018 World Title due to a career-threatening knee injury in 2019, Taylor gold-medaled at the 2021 Pan American Championships.

Taylor is one of the most recognized and accomplished wrestlers to come out of the legendary Penn State program. He was a two-time NCAA Division I national champion, a four-time Big Ten Conference champion, and twice won the Dan Hodge Trophy, the highest honor in collegiate wrestling. Taylor won U.S. Open championships in 2015 and 2017.

Sharon Leite, CEO of The Vitamin Shoppe, commented: “We are thrilled to welcome an athlete and wellness advocate of David Taylor’s caliber to The Vitamin Shoppe family of Health Enthusiasts. David has an unbridled competitive spirit, a sense of principled sportsmanship, and a dedication to family and healthy living that can inspire all of us. His values are ones we proudly share at The Vitamin Shoppe and we look forward to supporting his journey on and off the wrestling mat in the coming years. This summer, we are especially excited to cheer him on as he competes on the world stage with the best of the best.”

GreenSpace Successfully Transitions CENTRAL ROAST Production Model, Set to Drive Ongoing Cost Savings

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GreenSpace Brands Inc.(TSXV: JTR), a leader within the organic and plant-based food industry, announces its CENTRAL ROAST brand has successfully transitioned its business model from in-house production to contract manufacturing, which should enable ongoing cost savings.

As announced in the Company’s May 12, 2021 press release, the Company plans to reduce ongoing operating costs through a restructuring program called Project FIT. This initiative is expected to deliver annualized cost savings in excess of $2.0 million, starting in the second half of the fiscal year ending March 31, 2022. Project FIT is expected to create a leaner, simplified and more focused business, significantly reducing fixed and variable costs with the goal of enhancing shareholder value.

The Company is pleased to confirm that it has successfully discharged its remaining facilities obligations and sold its production equipment as of June 30, 2021.

Beginning July 2021, the range of CENTRAL ROAST nuts, seeds and other healthy snack products will be manufactured by third-party providers with scale advantages and existing relationships with many of CENTRAL ROAST’s existing suppliers. This is expected to drive enhanced synergy savings for the business while maintaining the highest commitment to product quality.

“The changes in our CENTRAL ROAST manufacturing model underscores our strong determination to become a more focused and efficient organic and plant-based food company,” says Shawn Warren, President & CEO of GreenSpace Brands.  “This transition will free up cash for the business and allow us to fuel our profitable growth agenda across the enterprise.”

£50M Takeover Reportedly in Process for UK Plant-Based Brand Gosh!

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UK vegan ‘free from’ producer Gosh! is reported to be on the cusp of a £50 million takeover deal. The deal is expected to be finalized soon, as an offer has been accepted and due diligence checks are being carried out, as first reported by The Grocer. 

After last year announcing a major scale-up of production to meet soaring demand for plant-based foods, Gosh! invested £4.5M to open a 17,000 square foot factory to run alongside its existing facility. The company also last year appointed Jahangir Khan to be the company’s first Senior Category Manager to develop its business strategy, with the previously ongoing mergers and acquisitions process now reported to be coming to fruition.

The move follows an incredibly successful financial year for 2020 that saw pre-tax profits rise 15.5% to £4.1m, despite the obvious impacts of the pandemic on the company’s foodservice arm. The brand saw strong growth in retail though, where it is stocked in all the major UK supermarkets, as well as moving into the European market. 

Founded in 1998, owner Richard Loebenberg had not previously had his valuation met but has now accepted an offer from a party reported to be a “trade player” rather than a private equity firm. Conglomerate Nestlé and UK meat producer Cranswick were both reported to be previously interested in a possible acquisition.

Originally published: vegconomist.com

Dr. Melanie Henriksen Appointed President of National University of Natural Medicine (USA)

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The National University of Natural Medicine (NUNM) Board of Directors announced the appointment of Melanie Henriksen, ND, LAc, CNM, as president of the university, effective July 1, 2021. Dr. Henriksen has served as interim president since Oct. 30, 2020.

“Determined to find a way through the uncertainty and challenges of 2020, the Board of Directors invited a fresh start through new leadership: Dr. Melanie Henriksen,” said NUNM Board Chair Christoph Kind, ND. “After a comprehensive and deliberate evaluation by the Board, which included feedback from student, faculty, staff, and administrative leaders, I am honoured to announce Dr. Henriksen has been offered and has accepted the permanent position of NUNM President. I am personally grateful for her dedication and efforts that brought our institution to this new, stronger place. NUNM’s future looks bright.”

During her eight-month tenure as interim president, Dr. Henriksen oversaw the university’s Covid-19 protocols, including the return to hybrid and in-person classes starting the Summer 2021 term. In April 2021, she presented a balanced budget for the 2021-2022 fiscal year – without increasing tuition for the first time in over 20 years. The budget also restored cost-of-living adjustments for all NUNM staff and faculty and increased retirement contributions for all full-time NUNM employees.

“NUNM has turned a corner from some extraordinarily challenging times,” said Dr. Henriksen, who earned her doctorate in naturopathic medicine and MSOM at NUNM in 2005. “What we know is that moving forward, higher education must be more equitable and student-centred than ever.”

Dr. Henriksen possesses a broad skill set in teaching, delivery of health care, and leadership in professional organizations.

After graduating in 2005 from NUNM’s naturopathic, Chinese medicine, and natural childbirth/midwifery programs, Dr. Henriksen completed her residency at NUNM, then established her private practice as a licensed primary care physician and acupuncturist. In 2009, she received a Master of Nursing degree from Oregon Health & Science University and became certified as a nurse-midwife.

Prior to her appointment as president, Dr. Henriksen held several key roles at NUNM: residency director, associate dean of naturopathic medicine, attending physician, dean of naturopathic medicine, and chief medical officer.

Along with her significant experience as a clinician and administrator, Dr. Henriksen has worked in the conventional medical model as a nurse-midwife at Kaiser Permanente. She is passionate about integrative health care, collaborative medicine, and evidence-informed practice.

“I am honored by the Board’s selection and excited to lead the nation’s oldest accredited naturopathic medicine teaching institution,” Dr. Henriksen said. “NUNM will continue to provide its diverse and talented community of healers an accessible opportunity to advance the education, practice, and science of integrative medicine. I look forward to the work we will undertake together, and I believe that for all this institution has achieved over the past 65 years, our best days are yet to come.”

Dr. Henriksen was also recently appointed president of the Association of Accredited Naturopathic Medical Colleges (AANMC), the nonprofit association that represents the North American naturopathic schools accredited by the Council on Naturopathic Medical Education (CNME), and elected chair of the RAND Leadership Council. Previously, she has served as chair of the Institute for Natural Medicine’s Residency Consortium, and as a board member of the American Association of Naturopathic Physicians (AANP).

Celebrating its 65th year, NUNM is the oldest accredited naturopathic medical school in North America and the leading educational authority in natural medicine education and research.

Previously published: www.bluemountaineagle.com

Eat Beyond Portfolio Company, The Very Good Butchers, Expands its Grocery Distribution Network

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Eat Beyond Global Holdings Inc. an investment issuer focused on the global plant-based and alternative food sector, is announcing that its portfolio company The Very Good Food Company (CSE: VERY) (“VERY GOOD”) has significantly increased its grocery distribution footprint by forging a relationship with Horizon Grocery + Wellness, Canada’s leading distributor of wholesale organic food and natural products.

Beginning August 1, 2021, Save-On-Foods will carry The Very Good Butchers’ unique plant-based meat products at 184 Canadian retail locations. As a result, VERY GOOD’s retail presence will increase 83% over its March 2021 footprint, tallying approximately 2,476 total distribution points across 573 retail stores.

“VERY GOOD has developed over 14 great products since launching as the first plant-based butcher on Canada’s west coast,” Eat Beyond CEO Patrick Morris said. “Save-On-Foods is one of the best-known grocery retailers in Canada and this expansion represents a great opportunity for VERY GOOD to capitalize on a large new distribution network. This will boost awareness of the brand and make it increasingly accessible to a wider demographic of potential customers interested in healthy, plant-based, meat alternatives.”

VERY GOOD also increased its eCommerce sales by1,744% and tripled its wholesale distribution points in the first three months of 2021 compared to the same period in 2020 resulting in an increase of wholesale revenue of 230%.

“The Very Good Food Company is a strong brand with delicious, high-quality, and unique products,” Morris said. “We look forward to witnessing further growth and innovation from this company across Canada and beyond.”

Bon Natural Life Limited Announces Land Acquisition to Construct Its Third Production Facility

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Bon Natural Life Limited (Nasdaq: BON), a leading bio-ingredient solutions provider in the natural, health and personal care industries, today announced that they have received the certificate of land use right for the future site of its third production facility in the city of Yumen (the “Yumen Plant”). Once completed, the Yumen Plant will allow BON to increase the combined overall production capacity by over 200%.

The city of Yumen is well known in China for its established fine chemical industry. BON’s Yumen plant will benefit from the close proximity and convenient access to raw materials for its fragrance compounds and bioactive food ingredients products. The city of Yumen is also considered a gateway city for export to European Union markets, which are strategically important for BON’s international business expansion.

In addition to its well-developed supporting infrastructure and low-cost operating environment, Yumen’s business-friendly local government has been an advocate of the Company’s upcoming expansion project with potential tax breaks and other incentives that are still being negotiated. The Yumen Plant will be built on 8.2 acres of industrial-use land with permission for BON to use for the next 50 years. (Ativan)

“Being granted this land-use right in Yumen is a major step forward to expanding our production capacity to meet the increasing demand from our customers both domestically and abroad,” said Richard (Yongwei) Hu, the Chairman and CEO of Bon Natural Life Limited. He further added “the construction of the Yumen plant is expected to commence in July 2021 and be complete around June 2022. After two months of trial production, we expect to start ramping up manufacturing in September 2022. This will bring our overall production capacity from approximately 170 tons in our existing two facilities to approximately 520 tons, an increase of 350 tons representing more than 200% growth. We look forward to providing further periodic updates to the marketplace about the development of this new facility.”

PlantFuel Partners with Reforestation Non-Profit, One Tree Planted

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The company announced a partnership with One Tree Planted that aims to plant 50,000 trees for landscape restoration in 2021. For every purchase of PlantFuel products, One Tree Planted will plant one tree.

“Working with One Tree Planted is a great fit for PlantFuel,” said PlantFuel founder Brad Pyatt. “Sustainability is at the core of our business model, and while we make a tremendous impact with our eco-friendly packaging and ingredients, it’s great to have another way to give back and help the environment.”

The objectives of this new partnership include:

– Supporting global reforestation efforts.
– Empowering consumers with sustainable actions.
– Raising awareness about the importance of ecosystem restoration.
– Planting trees is one of the best ways to combat the damaging effects of climate change. Trees help clean the air we breathe, filter the water we drink and provide habitat to over 80 percent of the world’s terrestrial biodiversity. Trees also provide tremendous social impact by providing jobs to over 1.6 billion people, empowering women in underdeveloped nations, and supporting communities devastated by environmental damage.

“We’re excited for the opportunity to work with PlantFuel on such an impactful project,” said One Tree Planted founder and Chief Environmental Evangelist Matt Hill. “We admire the company’s commitment to planting a tree for every product sold. It’s a prime example of how plant-based wellness brands can make positive change for our planet.”The partnership is designed to be simple for customers to get involved in global reforestation. For every item sold from PlantFuel’s inventory, the company will give $1 to One Tree Planted to plant one tree. The trees are planted by local partner organizations and community volunteers in areas where there has been deforestation. To learn more about this partnership, please visit plantfuel.com

The Canadian Securities Exchange (“CSE”) has neither approved nor disapproved the contents of this news release. Neither the CSE nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

Factbox-Supermarket sweep: $9 billion battle for Britain’s Morrisons

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An $8.7 billion battle for Britain’s Morrisons heated up when a third private equity group entered the fray on Monday and the supermarket group’s share price outstripped the value of an offer it recommended on Saturday.

Following are some details about the bidders for the 122-year-old grocery group, which is Britain’s fourth-largest supermarket chain with 500 stores and is based in Bradford, northern England.

FORTRESS LED CONSORTIUM
Morrisons agreed to a 6.3 billion pound ($8.7 billion) takeover led by the SoftBank-owned Fortress Investment Group and backed by Canada Pension Plan Investment Board and Koch Real Estate Investments on Saturday.

The consortium, which Morrisons had secretly been talking to since May 4, has pledged to maintain the Bradford headquarters and its existing management team led by CEO David Potts and pursue its existing strategy. It said material store sale and leaseback transactions were not planned.

That could prove more attractive to the British government after the opposition Labour party voiced concern over the impact on jobs and food manufacturing, with the coronavirus pandemic bringing home the need to keep it local.

Fortress bought British wine seller Majestic Wine for 95 million pounds in 2019.

CLAYTON, DUBILIER & RICE (CD&R)
The U.S. private equity group revealed on June 19 that it was considering a cash offer. Morrisons said a 5.52 billion pound proposal was made on June 14 and rejected on June 17.

Terry Leahy, the former boss of Britain’s market leader Tesco, is a senior adviser to CD&R.

CD&R has not detailed its plans for Morrisons. However, there has been speculation that CD&R wants to sell and lease back some stores and open Morrisons convenience stores at the Motor Fuels Group petrol forecourt chain it owns.

CD&R is yet to clarify its intentions.

APOLLO GLOBAL MANAGEMENT
Apollo, another U.S. private equity group, said on Monday it was in the preliminary stages of evaluating a possible offer for Morrisons but said no approach has been made to its board.

Apollo has shown itself to be keen on UK supermarket assets as it chased Asda, Britain’s No. 3 grocer, last year before losing out to brothers Zuber and Mohsin Issa and TDR Capital, which bought a majority stake from Walmart in a 6.8 billion pound deal.

OTHER POSSIBLE BIDDERS?
Analysts have speculated that other private equity players could join in, noting that Lone Star was also interested in Asda.

Amazon, with whom Morrisons has a longstanding supplier partnership deal, has also been talked about as a possible bidder to secure a major physical presence in Britain’s food retail market, one of the most advanced in online delivery.

Competition rules would preclude any one of Tesco, No. 2 Sainsbury’s or Asda taking over Morrisons.

Britain’s competition regulator blocked Sainsbury’s agreed takeover of Asda in 2019.

WHAT NEXT?
Fortress’s recommended offer is the only firm one on the table.

A circular from Morrisons detailing Fortress’ offer must go to shareholders within 28 days of July 3.

The circular will contain a notice of a court meeting and a general meeting for shareholders to vote on the proposal.

When it has a date for the shareholder meetings, the Takeover Panel will then set a deadline by which CD&R and Apollo and any other suitor who has been publicly identified as a possible bidder needs to clarify their intentions.

Such a “put up or shut up” deadline would normally be seven days ahead of the shareholder meetings.

Although Morrisons’ directors have committed to vote in favour of the Fortress proposal, this does not commit other shareholders to do the same and the board has a fiduciary duty to consider any other offers.

previously published: Reuters
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