$RIBT-sustainable meatless meat animal food? I
Post# of 27042
I was browsing through Continentals Grains partners and investments and came across BRF. It tied together the MGI's oats and barley and the new plant at Golden Ridge and Chris Krueger from Lake Street Capital Markets. Lake Street helps RIBT raise money, so what he says might be based on a bit of knowledge. So what Chris says at the CC, and Rystroms answer>>>>>
Chris Krueger
Good. With this MGI Grain acquisition, it looks like barley and oats products, I know you talked a little bit about how it complements your product portfolio, but I mean, is it who are the end-users, is it the animal, equine or human or all three?
Brent Rystrom
It's going to be all three. I mean, the clearest examples that we've seen in the past would be in a bag of dog food, you know would be going into a can of soup. It would be going into an equine product. So it's going to really hit all three of our product segments.
It makes me wonder if the plant is more for animal feed than human. MGI could send tons of product to RIBT. But what they are going to make their sounds like more than just collecting various ingredients.
Rystrom again>>>
We have identified a transformational new stabilized rice bran product we plan to produce in the new bran room that we plan to build in the Golden Ridge Rice Mills’ expansion, and we believe this new product could easily be the largest market opportunity we have identified.
This does not sound like an Impossible Food, Beyond Meat, etc. ingredient, this is a product. So, could RIBT become the Impossible Food comparable pet food company? OK, yes, I am a dreamer. BRF has branded companies that could sell it. BRF, Brazil based, has 100,000 employees in 140 countries.
BRF, there is a translate button>>> https://www.brf-global.com/en/
https://www.brf-global.com/en/
Meatless meet small pet and horse feed? there is a translate button>>>
https://www.brf-global.com/sobre/inovacao/nossos-processos/
Hey, SRB protein or just SRB could still be an an ingredient for the meatless meat movement, but made also at Golden Ridge or even being made now at Sacramento and Dillon. All the certification is for something?
From the CC, Rystrom>>>
Fourth, we successfully certified our production facilities starting with West Sacramento, California in the third quarter, and our Mermentau, Louisiana, and Dillon, Montana facilities in the fourth quarter. Certification was a critical step in RBT's efforts to become a successful food ingredient company. Golden Ridge Rice Mills completed its second SQF certification in January of 2019.
Food for though?