03 September 2018 | News
This funding will be used to expand the company’s creamery in Charlottetown, Canada.
Canadian dairy processor COWS Creamery will receive up to CAD 2.6 million ($1.99 million) in funding from the Canadian government, which will help the company enhance its processing capabilities.
Up to CAD 1.8 million ($1.38 million) will be provided by the Canadian government’s Dairy Processing Investment Fund, and the outstanding CAD 800,000 ($613,000) will be provided by the Atlantic Canada Opportunities Agency (ACOA).
This funding will be used to expand the company’s creamery in Charlottetown, Canada, expanding the company’s processing capacity and allowing COWS to introduce new cheese and butter products.
According to Chad Heron, vice-president of COWS Inc, this funding announced through the Dairy Processing Investment Fund and ACOA is a tremendous opportunity for COWS to capitalise on recent growth and award wins.