Phytokana
Building North America's first faba bean protein powder and flour development, processing, and distribution plant.
CURRENT ROUND
C$5 M
CURRENT STAGE
Securing additional definitive offtake agreements
NEXT STEPS
Advancing through FID on plant construction & commissioning
Preview the opportunity below, then view the pitch deck.
Highlights
Phytokana's differentiated supply chain and fully automated, custom processing workflow enable market cost leadership, with comparative price discounts of >27% versus peers.
Pricing in offtake agreements meet or exceed the 5-year budget price forecast, grounding an initial project IRR of >25%.
Business Model
Feedstock
Feedstock secured through the 2026 growing season, supplied within 1.5 hours of the 12.3-acre processing site in Strathmore, Alberta.
Processing
Developing a best-in-class dry fractionation processing facility with initial capacity of 30,000 tonnes per year.
Offtake
Anchor offtake agreements across North America and APAC represent C$75 M, or 41% of 5-year cumulative revenue.
The Market
Global protein demand is driven by population growth and increased per capita consumption, particularly in developing regions, making food security a key global risk.
Global protein demand is expected to grow >60% by 2050; stable suppliers such as Canada are favoured.
Plant-based proteins are expected to gain market share, with CAGRs of 8 to 12%.
Faba is the fastest-growing plant protein segment; it is uniquely sustainable, scalable, and sensory neutral.
C$33 B global plant-based protein market in 2025, expected to reach C$41 B by 2030.
Growth Plans
Phytokana aims to build out an agri-business hub in Strathmore, with future expansions. The Company has already established a clear path to double initial facility capacity to 60,000 tonnes per year, via internal financing, for a standalone expansion IRR of >100%.
Chris Theal
Founder, President & CEO
Chris Theal, CFA, MBA, ICD.D, has 30 years of experience in logistics, capital markets, and executive leadership, across various military, finance, and energy roles. He previously earned the Canadian Peacekeeping Service Medal on a United Nations mission in Haiti, led global energy equity research teams at Tristone Capital and Macquarie Group, founded and launched the Global Energy Absolute Return Fund LP at Kootenay Capital Management, and operated as the CFO of Velvet Energy.