Billy Goat Brands

Overview

According to the Government of Canada, the blue economy is driven by sustainable ocean resources and accounts for approximately C$30 billion per year. A significant factor in the blue economy is the preservation of aquatic life –– specifically, seafood. As a result, seafood alternatives are projected to reach a market size of US$1.6 billion in the next decade at a compound annual growth rate (CAGR) of 28 percent. With this in mind, companies with models that support blue economies, and offer seafood protein alternatives, will likely be of significant interest to investors seeking upside potential.

The company differentiates itself from a traditional investor as a partner that provides strategic assistance, network connections, and support to its portfolio companies. This partnership-driven relationship facilitates scale and faster growth for its portfolio companies, expanding their market opportunities and increasing their product lines. All of Billy Goat Brand’s portfolio companies have been more than satisfied with the assistance that Billy Goat Brands has provided to them.

Billy Goat Brands’ current portfolio consists of Sophie’s Kitchen, KOLD, The Vegetarian Butcher, and Evanesce Packaging. Sophie’s Kitchen, the company’s largest asset, focuses on delivering delicious and nutritious plant-based seafood alternatives that support a blue economy. As of May 5, 2022, Billy Goat Brands increased its investment in Sophie’s Kitchen, now owning 35 percent of the company. CEO Tony Harris credits this to the progress the company made over the past year and its ongoing commitment to innovative food products.

KOLD produces enhanced cold brew coffee that is made from high-quality coffee and functional mushrooms. The Vegetarian Butcher offers gluten-free and GMO-free plant-based deli meat alternative food products. Lastly, Evanesce Packaging creates truly compostable, organic, sustainable, and effective disposable packaging and utensil alternatives to non-compostable and inorganic options.

In October 2021, Billy Goat Brands signed a Letter of Intent to purchase an equity stake with Cascadia Seaweed. a vertically integrated company growing to become the largest provider of ultra-premium ocean cultivated seaweed in North America.

Each company that is currently in Billy Goat Brands’ portfolio is expected to produce a more than 50 percent, compound annual growth rate (CAGR) in each of the next three years. Billy Goat Brands plans to generate returns on its investments in several ways, including go-public transactions, mergers and acquisitions, and other liquidity events of its portfolio companies or projects.

The company is led by an experienced management team that is well-versed in the nuances of the public markets, venture capital, mergers and acquisitions, strategy, corporate governance, and operations. The company’s management team has executed over $5 billion of various debt and equity transactions. The team has also established highly successful brand channels, ideas and platforms for brands like Best Buy, Telus, and Tourism BC.

The company’s pre-money valuation is currently estimated to be an impressive C$44 million. Billy Goat Brands has 96,714,335 common shares issued and outstanding, 41,948,596 warrants and 4,425,000 stock options for a total of 143,087,931 fully diluted shares outstanding. If fully exercised, warrant proceeds would total approximately C$12.5 million while option proceeds would total C$1.2 million.

Currently, Billy Goat Brands has identified more than 200 potential portfolio companies and it has entered into more than 40 advanced discussions. Going forward, the company will be entering due diligence with more than 20 companies to establish fair negotiations, including two term sheets out for review by third parties.

Company Highlights

• Billy Goat Brands (CSE:GOAT) is a venture capital platform focused on building a diversified portfolio of high potential, expansion-stage food and nutraceutical brands in the blue economy, while maintaining ESG initiatives.
• The company differentiates itself from a traditional investor as a partner that provides strategic assistance, network connections and support to its portfolio companies for faster scale and growth. All of Billy Goat Brand’s portfolio companies have been more than satisfied with the assistance that Billy Goat Brands has provided to them.
• Billy Goat Brands’ current portfolio consists of Sophie’s Kitchen, KOLD, The Vegetarian Butcher, and Evanesce Packaging. Sophie’s Kitchen, the company’s largest asset, focuses on delivering delicious and nutritious plant-based seafood alternatives that support a blue economy.
• GOAT to invest in Cascadia Seaweed, a vertically integrated company growing to become the largest provider of ultra-premium ocean cultivated seaweed in North America.
• Each company that is currently in Billy Goat Brands’ portfolio is expected to produce a more than 50 percent CAGR in each of the next three years.
• On May 5, 2022, the company increased its share in Sophie’s Kitchen to 35 percent, with CEO Tony Harris crediting the decision to the progress Sophie's Kitchen made over the 12 months, and its ongoing commitment to innovative food products.
• The company is led by an experienced management team that is well-versed in the nuances of the public markets, venture capital, mergers and acquisitions, strategy, corporate governance, and operations.