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Foodtastic takes MTY acquisition offer directly to shareholders

2 days ago

Foodtastic takes MTY acquisition offer to shareholders

After two rejected acquisition proposals, Canadian restaurant operator Foodtastic is taking its $43-per-share offer for MTY Food Group (MTY-T) directly to shareholders, arguing the bid delivers a significant premium and a better path forward for the restaurant franchisor.

Wendy’s rejects $1.4 billion hostile takeover bid

Wendy’s board of directors unanimously rejected a US$1.4 billion hostile takeover bid from a group of investment firms, saying the offer undervalues the restaurant chain. The takeover bid was led by asset management firm Trian Partners. 

Ostrich farm sues for loss of projected revenue of $200M

The owners of a B.C. farm where hundreds of ostriches were killed by the CFIA is suing the government and police, claiming losses projected at $200 million. The lawsuit seeks damages for loss of “dietary supplement and pill product.”

What ‘cost us $1,000 ... is now $2,000’

As farmers bring in crops during harvest season, Drew Spoelstra of Hamilton is reflecting on what may happen down the road. This year’s harvest has been going well but the cost of getting crops out has become more difficult.

PEI Potatoes launches campaign with Stompin’ Tom song

The PEI Potato Board launched an advertising campaign featuring Bud the Spud, the iconic song by Stompin’ Tom Connors. First released in 1969, it tells the story of a truck driver hauling PEI potatoes from the island’s famous red soil.

B.C.’s Windset commences 38-acre greenhouse expansion

Windset Farms began a 38-acre greenhouse expansion at its Delta, B.C. facility. The campus will span 168 acres, including 124 of ultra-lit production. The expansion will increase its owned greenhouse operations in Canada and the U.S. to 336 acres.

On-farm emissions a dead topic in Ottawa

In Ottawa, the phrase “emission reductions” has become like Voldemort from Harry Potter — something that shall not be named. A few years ago, nearly every press release from Agriculture Canada featured the word “emissions.”

Cleanfarms reports record-setting ag plastics recovery

Recent data from Cleanfarms shows that 2025 was a record-breaking year for recovery of agricultural plastics across Canada. Overall in 2025, farmers brought in over 11.8 million kilograms of ag plastics to Cleanfarms collection sites.

More skipping meals because they can’t afford groceries

Results from an annual survey paint a worsening picture of food affordability, especially for young people. The Salvation Army survey found that 31 per cent skipped meals because they couldn’t afford groceries, up from 27 per cent last year.

Regulation possible without industry buy-in: OGSCC

Canada’s Grocery Code of Conduct needs more participation from independent grocers if the framework is going to be successful, leaders say. Signatories include Costco, Empire Co., Loblaw, Metro and Walmart, along with more than 150 small grocers.

Amazon sees grocery as a strong avenue for growth

Amazon’s net sales grew to US$201.9 billion in the third quarter, compared with US$180.2 billion in the same period last year. Fresh groceries and everyday essentials increased about three times faster than other categories in Q3.

Jersey Mike’s took to social media to reach younger diners

Jersey Mike’s boss Charlie Morrison recently talked about the sandwich chain’s push into digital marketing. Before, Jersey Mike’s spent only about one per cent of marketing dollars in the digital world, but that has increased to about 20 per cent.

Anheuser-Busch CEO leaving company at end of month

Anheuser-Busch announced that chief executive officer Brendan Whitworth will depart the company at the end of November for luxury gym chain, Equinox. Whitworth joined Anheuser-Busch in 2013 and was promoted to the top job in July 2021.

Kentucky bourbon producers hurting

Kentucky distillers lost access to one of their largest trading partners when Canadian provinces banned the sale of American alcohol. Kentucky distillers were hit hard when provinces pulled American alcohol off the shelves in response to tariffs.

Dairy giant Arla launches protein-infused water

Arla Foods, one of Europe’s largest dairy businesses, has launched bottled water with added protein. Each 500ml bottle contains 12g of whey protein derived from milk and electrolytes, with zero sugar and 50 calories, an Arla spokesperson told Just Food.

Finnish insect ag firm Volare opens protein factory

Insect ag startup Volare has completed its first industrial-scale facility in Pori, Finland, to produce up to 5,000 tons of insect protein per year. The facility uses locally available food-industry side streams to feed black soldier fly larvae.

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