Avrio Capital

Avrio Wins Deal of the Year for the Third Time

May 25, 2016

CVCA recognizes firm's investment in Manitoba Harvest Hemp Foods

The Canadian Venture Capital & Private Equity Association (CVCA) announced winners of its annual Deal of the Year Awards during its 2016 Annual Conference in Toronto today. Avrio Capital is pleased to announce its win for Venture Capital Deal of the Year.

Avrio Capital Inc., (“Avrio”) a global pioneer in ag-tech investing based in Calgary, invested $6.05 million in Fresh Hemp Foods Ltd, and realized proceeds of over $52M representing almost 8.67X its initial capital, generating an internal rate of return of 48.24 per cent. The Company, which developed a broad suite of hemp based food products branded under “Hemp Hearts” and “Hemp Pro”, was sold to Compass Diversified Holdings, a U.S. private equity firm.

“Fresh Hemp Foods is another terrific example of how value can be created by adding intellectual horsepower to a sector – agriculture – where Canada has a very natural competitive advantage,” commented Mike Woollatt, CEO of the CVCA. “Bringing intellectual horsepower to segments where Canada is a global leader provides the ingredients for the creation of companies that can be relevant on a global scale.”

The award represents the third time Avrio Capital has been recognized by the CVCA with the ‘Deal of the Year’ title. The firm was recognized in 2013 for its investment in Brookside Foods Ltd., and in 2014 for its investment in Wolf Trax Inc.

Read the full press release here.