Investment issuer Eat Beyond Global Holdings announced Tuesday that its portfolio firm The Very Good Food Company completed the commissioning of its first production line and “butchered its first bean” at its newly upgraded Vancouver, BC plant-based meat alternatives manufacturing plant.

“The 45,000-sq-ft facility will significantly boost Very Good’s production capacity to meet significant online and retail demand for its plant-based alternatives,” said Patrick Morris, the chief executive officer of Eat Beyond, in a release. “Eat Beyond took a strong financial stake with The Very Good Food Company because of its value, foresight, and vision for the present and future of food. We’re excited to see this infrastructure development, positioning Very Good for a successful 2021 and the potential for even bigger growth in the years ahead.”

Very Good’s capacity at the Vancouver site was expanded by about 2690%, according to the company. The plant now has an annual capacity of up to 37 million lb. A new line will produce seven existing products and Very Good intends to add a second line in late 2021.

“Eat Beyond sees Very Good as an emerging food tech company with the talent, drive, and resources to support all aspects of creation and sales with solid brand recognition,” said Morris. “In sum, Very Good is an ideal combination of factors and influence that we look for across Eat Beyond’s diversified portfolio of advanced food tech companies.”

Powder & Bulk Solids reported this week that JBS SA, the world’s biggest protein company, entered into a $410 million deal to acquire Dutch plant-based meat alternative firm Vivera. Its products are manufactured for major retailers in more than 25 European nations, including the UK, the Netherlands, and Germany.