Above Food Ingredients Inc

What Above Food Ingredients Inc does

Above Food Ingredients Inc. is a Canadian regenerative plant-based ingredients company founded in 2017 and headquartered at 2305 Victoria Ave, Regina, Saskatchewan. The company supplies plant-based ingredients and finished food products derived from peas, lentils, oats, quinoa, and novel pulses, and operates across five segments: Specialty Ingredients (Oat and Quinoa platforms), Consumer Brands (Farmer Direct Organic, Loma Linda, TUNO, Neat, Eat Up!, Modern Menu, and NorQuin), Food Technology (Dry Fermentation and Next Gen Cuisine), Private Label solutions, and a Disruptive Agriculture initiative focused on regenerative sourcing. It markets a seed-to-fork traceability and clean-label positioning and sells through B2B channels to food manufacturers and the alt-protein sector in North America, with retail distribution for consumer brands and a planned European expansion in mid-2026.

The company is publicly traded; it was listed on Nasdaq under ticker ABVE, was delisted in June 2026, and now trades on OTC Markets under ABVEF (common shares) and ABVEWF (public warrants). FY2025 revenue was $273.06 million against a $39.49 million net loss. Following a comprehensive restructuring with merger partner Palm Global, the company has eliminated all corporate debt and guided to over $40 million in profit for FY2026, supported by a March 2026 launch of a new plant-based protein line via subsidiary Above Food Corp. Revenue is generated through ingredient sales to manufacturers, retail consumer brand sales, and private label arrangements, with pricing negotiated on a contract basis.

In July 2025 the company executed a proposed all-stock merger agreement with Palm Global, a fintech and agricultural technology firm, and in September 2025 it closed a $20 million convertible note investment from Aqua 1 Foundation tied to that merger. The corporate governance backdrop is complicated: the company's auditor resigned in July 2025, the FY2025 audit was materially delayed, the company has received Nasdaq delisting determinations and Staff Determination Letters, and at least five US plaintiff law firms have announced securities fraud investigations tied to the auditor resignation and delayed filings.

Name

Above Food Ingredients Inc

Legal name

Above Food Ingredients Inc.

Website

https://abovefood.ca

Company type

Public

Founded year

2017

Operating status

Operating

Headcount range

11–50 employees

Short description

Above Food Ingredients Inc. is a Canadian regenerative plant-based ingredients company that supplies specialty ingredients, proprietary processing technology, and consumer food brands derived from peas, lentils, oats, and quinoa to B2B food manufacturers and retail consumers across North America.

Ownership category

akta.pro rank

Product category

Plant-Based Specialty Food Ingredients

NAICS

Food Manufacturing (311), Dried and Dehydrated Food Manufacturing (311423), Fruit and Vegetable Preserving and Specialty Food Manufacturing (3114)

SIC

Food And Kindred Products (2000), Canned, Frozen & Preservd Fruit, Veg & Food Specialties (2030), Miscellaneous Food Preparations & Kindred Products (2090)

akta.pro primary industry

Canned Beans, Legumes & Pulses Manufacturing (AFAKACAC)

akta.pro secondary industries

Plant-Based Prepared Meals & Convenience Foods Manufacturing (AFAKAGAL), Gluten-Free & Specialty Grain-Based Foods Manufacturing (GF pasta/cereals, ancient grains) (AFAKABAK)

Keywords

• Plant-based ingredients
• Specialty grain processing
• Regenerative agriculture sourcing
• Alternative protein foods
• Private label manufacturing

Headquarters

HQ city

Regina

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Ingredient Sales: Above Food generates revenue through the sale of regenerative and specialty food ingredients to manufacturers, including plant-based proteins, oats, quinoa, and other specialty ingredients.
2. Consumer Brands: Revenue from consumer brand products including Farmer Direct Organic, Loma Linda, TUNO, Neat, Eat Up!, Modern Menu, and NorQuin brands sold through retail channels.
3. B2B Ingredient Products: Sale of plant-based protein ingredients derived from peas, lentils, and novel pulses to food manufacturers in B2B arrangements.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels3 records

Core offering

Above Food Ingredients Inc. supplies plant-based ingredients and food products derived from grains and pulses through seed-to-shelf vertically integrated operations. Its offering spans specialty ingredient platforms (oats, quinoa, peas, lentils, novel pulses) sold B2B to food manufacturers and a portfolio of consumer food brands (Loma Linda, TUNO, Neat, Farmer Direct Organic, Eat Up!, Modern Menu, NorQuin) sold through retail, supplemented by private label and FoodTech capabilities (dry fermentation, Next Gen Cuisine).

Product overview

Above Food Ingredients Inc is a regenerative ingredient company that operates through multiple business segments: Specialty Ingredients (Oat Platform, Quinoa Platform), Consumer Brands (Farmer Direct Organic, Loma Linda, TUNO, Neat, Eat Up!, Modern Menu, NorQuin), Food Technology (Dry Fermentation, Next Gen Cuisine), Private Label solutions, and Disruptive Agriculture initiatives. The company offers a diversified portfolio spanning B2B ingredient sales to food manufacturers and B2C consumer packaged goods, with proprietary processing technologies enabling high-protein, clean-label formulations derived from plant-based sources including peas, lentils, oats, and quinoa.

Differentiator

Problem solved

Functional benefit

Brands

• Farmer Direct Organic: Organic farming brand offering farm-direct products
• Loma Linda
• TUNO
• Neat
• Eat Up!
• Modern Menu
• NorQuin
• Above Food Corp
• Next Gen Cuisine
• Dry Fermentation

Products and services

• Oat Platform Specialty ingredient platform focused on oat-based ingredients supplied to food manufacturers under the Specialty Ingredients business segment.
• Quinoa Platform Specialty ingredient platform focused on quinoa-based ingredients supplied to food manufacturers under the Specialty Ingredients business segment.
• Plant-Based Protein Product Line (Pea, Lentil, and Novel Pulse Derivatives) New line of plant-based protein products derived from peas, lentils, and novel pulses targeting food manufacturers and the alt-protein sector using proprietary processing technology for high-protein, clean-label formulations.
• Farmer Direct Organic Organic branded consumer food products sold directly to consumers as part of Above Food's Consumer Products brand portfolio.
• Loma Linda Plant-based food brand offering vegetarian and vegan product options as part of Above Food's Consumer Products brand portfolio.
• TUNO Plant-based tuna alternative brand sold through retail as part of Above Food's Consumer Products brand portfolio.
• Neat Plant-based egg alternative product brand sold through retail as part of Above Food's Consumer Products brand portfolio.
• Eat Up! Consumer food product brand sold through retail as part of Above Food's Consumer Products brand portfolio.
• Modern Menu Contemporary consumer food brand offering modern menu solutions as part of Above Food's Consumer Products brand portfolio.
• NorQuin Quinoa-based consumer product brand offered as part of Above Food's specialty ingredients and consumer offerings.
• Private Label Manufacturing Solutions Private label manufacturing and product solutions offered to retail partners who want their own brand of plant-based food products.

Quantifiable outcome

• 15-20% topline growth projected for FY2026 from new plant-based product launch
• +1 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered supporting and flagship.

• Aqua Labs InvestmentsupportingTechnology or Integration · 1 November 2025Exclusive technology partner associated with the Palm Global ecosystem and the $20 million investment from Aqua 1 Foundation. Provides expertise in digital asset tokenization and stablecoin infrastructure.
• Palm GlobalflagshipStrategic or Co-development Partner · 7 July 2025Above Food announced a proposed all-stock merger with Palm Global, a next-generation fintech innovator in agricultural technology and digital finance. Palm Global's ecosystem includes tokenization of sovereign assets, a gold-backed stablecoin, and partnerships with 15 nations for stablecoin adoption. The merger remains subject to regulatory approvals, successful completion of audits, and the ability to list the combined company on Nasdaq.

Scale indicators6 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Roquette: Global leader in plant-based ingredients, notably pea protein (NUTRALYS). Directly comparable as a B2B supplier of high-protein plant-based ingredients to food manufacturers with proprietary processing technology and global manufacturing footprint.
• Avena Foods: Canadian specialty oat and pulse ingredients supplier (owned by Grain Millers). Directly comparable to Above Food's oat and pulse ingredient platforms serving food manufacturers with clean-label, non-GMO positioning.
• Axiom Foods: Plant-based protein ingredient supplier specializing in rice, pea, and other plant proteins for food and beverage manufacturers. Comparable as a focused plant-protein B2B ingredients competitor with proprietary processing capabilities.
• Merit Functional Foods: Canadian plant-based protein manufacturer (pea, canola, hemp) supplying B2B ingredient customers. Closely comparable to Above Food as a fellow Canadian pulse-protein specialist with proprietary processing and food manufacturer focus.
• PURIS Foods: US-based pea protein ingredient supplier serving food and beverage manufacturers. Directly comparable to Above Food's pea and pulse protein ingredient business, with similar customer base and clean-label positioning.

Broad incumbents

• Cargill: Global agricultural commodity and food ingredients giant with significant plant-based protein operations (e.g., Purina, EverSweet). Comparable as a broad incumbent in plant-based ingredients but much larger scale and more diversified portfolio.
• Ingredion Incorporated: Global specialty ingredient supplier serving food and beverage manufacturers with plant-based proteins and clean-label solutions. Comparable in B2B ingredient model but much larger and broader portfolio.
• ADM (Archer Daniels Midland): Global food processing and ingredients corporation with plant-based protein offerings. Comparable as an incumbent in food/plant protein ingredients but operates at vastly larger scale and broader portfolio than Above Food.
• Tereos: European cooperative producing plant-based ingredients including wheat, corn, and pea proteins. Comparable in plant-based ingredient manufacturing for B2B customers, with significant European presence aligning with Above Food's planned mid-2026 European expansion.

Emerging players

• Beyond Meat: Public plant-based protein consumer brand company. Partially comparable through consumer plant-based brand overlap (Loma Linda, TUNO, Neat), but Above Food's model is B2B ingredients-led versus Beyond Meat's consumer-product focus.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat2 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/AboveFood_
• LinkedInlinkedin.com/company/above-food

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries2 records

Funding overview

Funding rounds1 record

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 Above Food Ingredients Inc