Topic: TruLocal.ca + Business - Sold $16,800,000 CAD
Kitchener-based meat subscription company sold for $16.8M
A locally-sourced meat subscription service based in Kitchener, Ont., has been acquired by Canadian e-commerce company Emerge Commerce for approximately $16.8 million.
TruLOCAL allows customers to order regular boxes of products – such as grass-fed beef, wild-caught salmon, and chicken raised without antibiotics – from Canadian suppliers.
The company generated revenue of $19.8 million in the 12 months ending Dec. 31, 2020, representing year-over-year growth of 130 per cent, according to a news release issued by the parties Tuesday.
Read the story here: https://www.cbc.ca/amp/1.5861576