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Let’s Reinvent Agriculture and Grow Pure Plant Protein Powder Together.
In 2014 Steve McArthur, Pontus’ CTO, set out to prototype a new aquaponics system that could be built anywhere in the world. He saw the need in places like Nunavut and the Northwest Territories, where food costs were high, and fresh food was scarce. In 2015 he built our first greenhouse to prove the theory that using a vertically growing aquaponics system could minimize the land footprint needed to produce an abundance of food. This prototype went on to sell fresh produce commercially to grocery stores and restaurants in Victoria B.C.. He engaged a diverse group of mechanical, electrical and automation engineers to help develop our closed environment vertical aquaponics systems, which we call CEVAS™.
Pontus’ mission is to provide the world with an environmentally sustainable source of nutrient-rich pure organic plant-based protein. Water Lentils are a super superfood, with the incredible balance of high protein, calcium, iron and micronutrients needed for healthy bodies. By using the CEVAS™ technology, Pontus can grow pure, organic grade protein, harvesting every 24 hours, and using 95% less water.
We believe the growing market not just for plant-based proteins, but protein that can be grown more sustainably, on a smaller footprint and with less water, is a market we can really address. The global protein supplement market was valued at $12.4 billion in 2017 and is expected to grow at a CAGR of 6.3% through to 2025, reaching $20.2 billion, according to a 2018 report from Grand View. Protein has become an essential macro-nutrient among all types of consumers, including athletes looking for a competitive edge, ageing seniors’ intent on maintaining muscle mass, and busy parents who are opting for meal-replacement bars and shakes. We see a commitment to active living and healthy ageing, and this is driving the protein market in new directions.
We have a clear growth plan to expand into a 20,570 square foot production farm in 2021 to a 60,000 square foot facility in 2022. As the owner of the CEVAS™ technology, we plan to licence the technology and already have interest from Europe and China. Based on our current forecast, we will achieve a positive EBITDA in 2021.
Let’s Reinvent Agriculture and grow Pure Plant Protein Powder together.