TORONTO, Feb. 19, 2013 /CNW/ - One Earth Farms Corp. ("One Earth
Farms"), a subsidiary of Sprott Resource Corp. ("SRC") (TSX: SCP) has
today acquired Toronto based Beretta Farms Inc. ("Beretta Farms"), a
purveyor of hormone free and antibiotic free natural and organic
branded meat products in Ontario and British Columbia, in consideration
for cash and shares in One Earth Farms.
Beretta Farms was founded 20 years ago by Mike and Cynthia Beretta who,
together with Elvio DelZotto their partner for the last 10 years, have
grown the Beretta natural and organic product range into a market
leading brand of fresh beef, poultry, deli products and meal solutions
in the greater Toronto and Vancouver markets. Beretta Farms products
are available to consumers through selected national grocery chains,
leading natural and organic retailers, direct home delivery, and a
specialty catering operation that provides meals to professional
athletes and corporate clients based around the Beretta product line.
In connection with the transaction, Mike Beretta will join the
executive committee of One Earth Farms as the Chief Operating Officer.
Commenting on the transaction, CEO for One Earth Farms, Larry Ruud said,
"I am pleased to welcome Beretta Farms to the One Earth Farms family.
Mike and Cynthia Beretta are market visionaries with a passion for
farming and the marketing of natural and organic meat products. The
Beretta Farms supply chain and consumer brands perfectly complement the
One Earth Farms source of beef from our more than 17,000 animal herd of
top quality natural and organic cattle. With Mike and Cynthia remaining
actively involved in the day to day operation of the business, this
combination gives One Earth Farms an integrated business model and
broadens our reach from the farm to the end consumer where there is
increasing interest in naturally raised meats, food traceability and
best practices in animal care."
Mike Beretta added, "Cynthia and I are delighted that we can continue
the growth and evolution of our business through this partnership with
One Earth Farms. The fit between the Beretta brand, our customer base
of prestigious retailers and the organic and natural cattle supply of
One Earth Farms make this joint entity an ideal platform for growth. "
About One Earth Farms Corp.
One Earth Farms is a Canadian based agri-food and consumer products
business dedicated to delivering farm to fork protein products from its
cattle and crop businesses for consumers who are interested in their
health and wellbeing.
One Earth Farms operates a series of cattle and grain/oil-seed farms
across the prairie provinces of Canada to support the One Earth Farms'
goal of ensuring absolute food traceability from the farm to the
One Earth Farms offers natural and organic products in fresh meat
proteins, meal solutions, snack and specialty prepared meals directed
towards high performance athletes. The One Earth Farms products are
sold under the brand names 'Beretta', 'Last Rep' and 'Protein Puck'
through home delivery, fitness establishments, key national chain
stores and select regional chains and independent retailers
predominantly in the Ontario/GTA and Vancouver regions.
About Sprott Resource Corp.
SRC is a Canadian-based company, the primary purpose of which is to
invest and operate in natural resources. Through acquisitions, joint
ventures and other investments, SRC seeks to provide its shareholders
with exposure to the natural resource sector for the purposes of
capital appreciation and real wealth preservation. SRC is well
positioned to draw upon the considerable experience and expertise of
both its Board of Directors and Sprott Consulting LP (SCLP), of which
Sprott Inc. is the sole limited partner. Pursuant to a management
services agreement between SCLP and SRC, SCLP provides day-to-day
business management for SRC as well as other management and
administrative services. SRC invests and operates through Sprott
Resource Partnership (SRP), a partnership between SRC and Sprott
Resource Consulting Limited Partnership, an affiliate of SCLP which is
the managing partner of SRP.
Forward-looking Information and Statements
This news release contains certain forward-looking information and
statements within the meaning of applicable securities laws. The use of
any of the words "expect", "anticipate", "continue", "estimate", "may",
"will", "project", "remain", "should", "believe", "plans", "intends"
and similar expressions are intended to identify forward-looking
information or statements. In particular, but without limiting the
forgoing, this news release contains forward-looking information and
statements pertaining to: (i) the future growth and evolution of
Beretta Farms; (ii) the ability of One Earth Farms to capitalize on
increasing consumer interest in naturally raised meats, food
traceability and best practices in animal care; (iii) the continued
active involvement of Mike and Cynthia Beretta with Beretta Farms; and
(iv) Mike Beretta joining the executive committee of One Earth Farms as
the Chief Operating Officer. Forward-looking information or statements
are based on a number of expectations or assumptions which have been
used to develop such information and statements but which may prove to
be incorrect. Although One Earth Farms believes the expectations and
assumptions reflected in such forward-looking information and
statements are reasonable, undue reliance should not be placed on
forward-looking information and statements because One Earth Farms can
give no assurance that such expectations and assumptions will prove to
be correct. The forward-looking information and statements included in
this news release are not guarantees of future performance and should
not be unduly relied upon. Such information and statements, including
the assumptions made in respect thereof, involve known and unknown
risks, uncertainties and other factors, which may cause actual results
or events to differ materially from those anticipated in such
forward-looking information or statements, including, but not limited
to: (i) uneconomic conditions, operational issues or a change in plans
by One Earth Farms or Beretta Farms; (ii) changes to market demands;
(iii) changes to the Beretta Farms supply chain and consumer brands;
(iv) changes to One Earth Farms cattle supply. Should one or more of
these risks or uncertainties materialize, or should assumptions
underlying the forward-looking information and statements prove
incorrect, actual results, performance or achievements could vary
materially from those expressed or implied by the forward-looking
information and statements contained in this release.
The forward-looking information and statements contained in this news
release speak only as of the date of this news release, and One Earth
Farms does not assume any obligation to publicly update or revise any
of the included forward-looking statements or information, whether as a
result of new information, future events or otherwise, except as may be
expressly required by applicable securities laws.
SOURCE: ONE EARTH FARMS
For further information:
CEO One Earth Farms
#325 2555 Grasswood Road east
Saskatchewan S7T 0K1
Tel: 1 877 884 2061 Ext 701
Beretta Family Farms
Etobicoke, ON, Canada
Tel: (416) 674-5609
Fax: (416) 674-0710
Chief Financial Officer
Sprott Resource Corp.
200 Bay Street, Suite 2750
Tel: (416) 977-7333
Fax: (416) 977-9555