Maple Leaf Foods remains committed to the plant-based meat category after spinning off its pork operations into Canada Packers last year. CEO Curtis Frank indicated the company sees a pathway to profitable growth for plant protein, which currently accounts for less than 5% of revenue but is considered an upside opportunity. He expressed confidence in achieving average margins for these products. Finance chief David Smales affirmed plant-based as a relevant long-term category for healthy protein demand. With the significant investment phase now complete, Maple Leaf Foods, which retains a 16% stake in Canada Packers, will focus on increasing scale, volume, and revenue growth, expanding margins, and disciplined capital allocation.
Source: Maple Leaf commits to plant-based meat in wake of pork spin-off