Drummondville, Quebec – The governments of Quebec and Canada award a total of $5.75 million in financial assistance to Kefiplant for expanding its plant and for purchasing land and new equipment. This $10,625-million project will enable the company to increase its production capacity and will lead to the creation of 26 jobs.
Mr. André Lamontagne, Minister of Agriculture, Fisheries and Food and Minister responsible for the Centre-du-Québec Region, made the announcement on behalf of Mr. Pierre Fitzgibbon, Minister of Economy and Innovation.
Therefore, the Government of Quebec is providing $5 million divided as follows: the Ministry of Economy and Innovation (MEI) is granting a loan of $2.5 million through the ESSOR program, and Investissement Québec is granting a loan of $2.5 million from its own funds. In addition to that is a repayable contribution of $750,000 from Canada Economic Development for Quebec Regions (CED) under its Quebec Economic Development Program.
With this funding, Kefiplant will be able to meet the growing demand for its products and seize new international business opportunities. The company has been able to expand its plant and purchase new equipment that will enable it to leverage the unique, patented technology that it developed for fermenting organic plants.
Founded in 2004 in Drummondville, Kefiplant is a company that manufactures certified organic fermented plants intended for companies. Its activities focus on manufacturing and marketing certified organic aqueous plant extracts created through symbiotic fermentation and intended primarily for the kombucha (fermented tea) market. Drawing on ancestral methods, the experts at Kefiplant have created and patented a plant fermentation process that enables synergy of bio-available nutrients without the use of high temperature or chemical solvents. Kefiplant won the Achievement Award in the 2015 Concours québécois en entrepreneuriat (Quebec’s entrepreneurship competition).
Source : Government of Canada