Golden Opportunities Fund has made an equity investment in Drake Meat Processors Inc. to support the construction of a new, technologically advanced processing facility in Saskatoon, which will significantly boost production capacity and create local jobs.

Target Information

Golden Opportunities Fund Inc. ("Golden") has successfully completed an equity investment in Drake Meat Processors Inc. ("Drake" or "the Company"). This investment is primarily led by Golden, along with contributions from Farm Credit Canada Capital ("FCC Capital") and a consortium of strategic local investors. The funds from this equity raising will be allocated to construct a new, state-of-the-art meat processing facility in Saskatoon, Saskatchewan. This facility, covering 53,000 square feet, is designed to have a production capacity exceeding 8.0 million kilograms annually, employing cutting-edge technology such as an advanced tempering room, an automated bacon line, an injection system, and natural gas smokehouses.

Drake Meat Processors Inc. was founded in 1949 as a cooperative meat locker in Drake, Saskatchewan. Today, it is a fourth-generation, family-owned company that specializes in consumer-packaged meat products, including sausage, bacon, hams, jerky, and deli meats. Under the leadership of CEO Kelly Ediger, Drake has transformed from its humble roots into a well-recognized household brand. The Company distributes its products through major grocery retail chains across Western Canada, including Costco, Federated Co-op stores, Loblaws, Walmart, Sobeys, and Save-On-Foods.

Industry Overview

The meat processing industry in Canada has exhibited strong growth, driven by increasing consumer demand for high-quality, locally sourced meats. With a growing focus on sustainability and premium product offerings, Canadian mea