Golden Invests in Drake Meats' Expansion
Slice of Agriculture Team
May 22, 2025
Key highlights
- Golden leads equity investment in Drake Meat Processors Inc.
- New Saskatoon facility to produce 8M+ kg of meat annually.
- 200 new jobs expected with the facility's full operation.
- Drake’s products available nationwide through major grocery chains.
- FCC Capital and local investors join Golden in funding.
Notable Quotes
“ The construction of our new facility is a tremendous milestone in the growth story of Drake. We are passionate about our craft and sharing it with others, and we are excited to partner with FCC Capital and local capital partners like Golden who have a long-standing record of successfully growing companies. ”
Kelly Ediger, CEO at Drake Meat Processors Inc
“ We are thrilled to invest in yet another long-standing, Saskatchewan success story like Drake. Our investment will support Drake's growth initiatives, local job creation and capital investment here in the Saskatchewan economy at a time when supporting local is more important than ever. ”
Grant J. Kook, President and CEO at Golden Opportunities Fund Inc
Why This Matters
Golden’s strategic investment in Drake Meat Processors marks a pivotal growth phase for the fourth-generation family business. The development of a cutting-edge facility in Saskatoon underscores a commitment to meeting increasing demand and supporting regional economies. With an 8 million kilogram annual output boost and 200 new jobs, this expansion not only accelerates Drake's market presence but also reinforces the importance of investing in local Canadian enterprises.
