Purebread Brands

What Purebread Brands does

Purebread Brands Inc. (TSXV: BRED) is a publicly traded Canadian food and beverage platform headquartered in Vancouver, British Columbia. The company operates two core lines: (1) the Purebread retail bakery and fast-casual cafe brand, selling handmade breads, treats, and savories across 7-9 locations in British Columbia (including Vancouver International Airport), and (2) Coho Commissary, a shared kitchen and food production facility business serving food entrepreneurs, ghost kitchen operators, and restaurant groups across 6+ BC locations. The company is pursuing nationwide expansion through the Breadwinner Partnership Program, a franchise/partnership model enabling individual location ownership.

The company generates revenue through a hybrid model combining one-time retail bakery sales and recurring commissary membership agreements. For the trailing twelve months ended January 31, 2023, the Purebread retail line reported CAD $10.0M revenue at 70% gross margin and $1.7M adjusted EBITDA. Coho Commissary earns subscription/membership fees from food businesses using shared kitchen space, supplemented by ancillary business services. Additional capital is raised through non-brokered private placements and convertible debt. For the nine months ended December 31, 2025 (Q3 2026), the company reported CAD $11.3M revenue (down 9% YoY due to asset closures), with adjusted EBITDA improving 905% YoY to $1.8M and gross margin expanding to 64%.

Formerly known as Coho Collective Kitchens Inc., the company was founded in 2020, IPO'd on the TSXV in June 2022 at $0.30/share for CAD $5M, and acquired the Purebread bakery brand in September 2023 for CAD $10M plus 1 million shares. It rebranded to Purebread Brands Inc. in May 2024. Leadership transitioned in 2026 with Christian Bullock (25-year F&B brand executive) appointed CEO and Tatenda Muhle (CPA) as CFO, following interim CEO Amrit Maharaj. The company executed a CAD $5.58M debt-to-equity conversion and 5-for-1 share consolidation to repair its capital structure, while operating under a Management Cease Trade Order related to filing delays. Notable partnerships include Entegra (GPO), Sodexo Canada (foodservice), Happy Belly Food Group (location expansion), and Evergreen Hospitality Group (Parksville location).

Name

Purebread Brands

Legal name

Purebread Brands Inc.

Website

https://purebreadbrands.com

Company type

Public

Founded year

2020

Operating status

Operating

Headcount range

11–50 employees

Short description

Purebread Brands Inc. (TSXV: BRED) operates the Purebread retail bakery/café brand across British Columbia and the Coho Commissary shared-kitchen platform serving food entrepreneurs, with nationwide expansion pursued through its Breadwinner Partnership franchise program.

Ownership category

akta.pro rank

Product category

Specialty Bakery and Shared Kitchen Services

NAICS

Retail Bakeries (311811), Bread and Bakery Product Manufacturing (31181), Commercial Bakeries (311812), Baked Goods Retailers (445291)

SIC

Bakery Products (2050), Retail-Eating Places (5812), Retail-Eating & Drinking Places (5810)

akta.pro primary industry

Cafe-Bakeries (Bakery + Coffee/Foodservice) (THAFAFAG)

Keywords

• Specialty bakery operations
• Commissary kitchen rentals
• Shared kitchen facilities
• Foodservice entrepreneurship
• Ghost kitchen services

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices7 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Infrastructure, Marketing or Sales

Revenue model

1. Retail Bakery and Cafe Sales: Purebread operates retail bakery locations selling breads, treats, and savories. The company generated revenue of $10.0M with a 70% gross margin and $1.7M Adjusted EBITDA for the trailing 12 months ended January 31, 2023.
2. Commissary Kitchen Memberships: Coho Commissary provides private and shared kitchen and production space to food companies from start-ups to restaurant groups seeking turnkey solutions and business services. Members sign membership agreements for agreed terms.
3. Private Placement Financing: The company raises capital through non-brokered private placements to fund store network expansion and operations, including warrants exercisable at specified prices.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Purebread Brands operates retail artisan bakery cafes (Purebread) selling handmade breads, treats, and savories to consumers across British Columbia, and shared commercial kitchen facilities (Coho Commissary) rented on membership to food entrepreneurs, caterers, CPG producers, and ghost kitchen operators. The company also runs the Breadwinner Partnership Program, a franchise-style model enabling individuals to open Purebread bakery locations as part of a planned national rollout.

Product overview

Purebread Brands operates a multi-brand portfolio centered on food and beverage operations. The core offerings consist of Purebread Bakery (handmade baked goods with multiple retail locations across British Columbia) and Coho Commissary (shared kitchen spaces for food entrepreneurs). The company also operates a Breadwinner Partnership Program for franchise expansion. Formerly known as Coho Collective Kitchens Inc., the company acquired Purebread in 2023 and rebranded, operating under TSXV: BRED.

Differentiator

Problem solved

Functional benefit

Brands

• Purebread: Artisan bakery brand operating fast-casual café and bakery locations in British Columbia, Canada. Originally an independent bakery acquired by the company in September 2023.
• Coho Commissary

Products and services

• Purebread Bakery Handmade artisan bakery offering breads, treats, and savories for breakfast, lunch, and dinner through retail cafe locations across British Columbia, including Vancouver International Airport. One of Canada's fastest-growing independent bakery brands, with multiple retail locations and online ordering.
• Coho Commissary Shared and private commercial kitchen and food production spaces for food companies ranging from start-ups to restaurant groups, offering turnkey solutions, business services, and an extensive food-entrepreneur community across multiple British Columbia locations.
• Breadwinner Partnership Program Franchise-style partnership program enabling individuals to own and operate Purebread bakery locations, designed to drive asset-light national expansion under the established Purebread brand.

Quantifiable outcome

• Revenue of $10.0M with 70% gross margin and $1.7M Adjusted EBITDA (Purebread trailing 12 months ended January 31, 2023)
• +3 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Seven partnerships are on record, tiered minor and core.

• ChopValueminorStrategic or Co-development Partner · 3 September 2024Strategic partnership announced September 3, 2024 as part of Purebread's broader strategic partnership initiatives.
• Greater Vancouver Board of TrademinorStrategic or Co-development Partner · 3 September 2024Strategic partnership announced September 3, 2024 to support business networking and growth initiatives.
• Evergreen Hospitality GroupminorStrategic or Co-development Partner · 6 August 2024Partnership for expansion to Parksville, BC with 9th Purebread location, announced August 6, 2024.
• Happy Belly Food GroupcoreStrategic or Co-development Partner · 28 February 2024Continued partnership to accelerate Purebread growth into new key locations, announced February 28, 2024. Happy Belly Food Group works with Purebread to expand into strategic new markets.
• EntegracoreChannel Partner/ Reseller/ Distributor · 21 February 2024Partnership with Entegra, the largest food group purchasing organization in the world, announced February 21, 2024. Provides access to group purchasing advantages and supply chain efficiency.
• Sodexo CanadacoreStrategic or Co-development Partner · 28 August 2023Strategic partnership with Sodexo Canada announced August 28, 2023 to support food service operations and expansion.
• TEJA Food GroupminorChannel Partner/ Reseller/ Distributor · 9 August 2022Distributor leading oil enhancement testing at Coho facilities for Beyond Oil products. TEJA reaches over 20,000 restaurants and food service companies in Canada and US.

Scale indicators9 records

Recent moves8 records

Expansion highlights5 records

Others

• Happy Belly Food Group: Strategic partner of Purebread Brands accelerating location rollouts; comparable as a Canadian multi-brand food and beverage operator with similar expansion ambitions and small-cap public profile.
• Enoteca Monza (or similar commissary operators): Adjacent food production and commissary service providers supplying shared infrastructure to restaurants and food entrepreneurs; relevant ecosystem participant alongside Coho's offering.

Direct peers

• Kitchen United: US-based shared kitchen/commissary operator providing turnkey production and ghost-kitchen facilities to food entrepreneurs — directly comparable to Coho Commissary's shared-kitchen subscription model.
• CloudKitchens: Operator of shared commercial kitchen facilities for delivery-only and virtual restaurant concepts; matches Coho's ghost-kitchen value proposition and target customer base of food entrepreneurs.
• Aroma Espresso Bar: Canadian cafe-bakery chain offering premium baked goods and coffee; comparable cafe-bakery format and target customer base to Purebread's retail operations.

Broad incumbents

• Paris Baguette: International cafe-bakery chain operating bakery retail locations with on-site consumption; comparable in product mix (breads, pastries, savories) and cafe-bakery format to Purebread's retail operations.
• Panera Bread: Large US cafe-bakery chain selling breads, pastries, and cafe food in fast-casual settings; comparable retail bakery-cafe model and customer demographic to Purebread's retail locations.
• Tim Hortons: Canada's dominant bakery-coffee chain with national retail footprint; a relevant benchmark for Purebread's domestic cafe-bakery unit economics and expansion ambitions in Canada.

Emerging players

• Cinnabon: Specialty bakery retail chain operating in high-traffic locations including airports — comparable format and airport-channel strategy to Purebread's YVR and similar locations.

Regional players

• Commercial Food Facility (US shared-kitchen operators): Regional shared-kitchen operators across North America offering turnkey commissary services to food startups; comparable to Coho Commissary's membership-based kitchen rental model, though primarily US-focused.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/purebreadbrands

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries2 records

Funding overview

Funding rounds4 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Purebread Brands