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Borealis Foods Inc. (Canada)

Main Activities: Other Food Manufacturing
Full name: Borealis Foods Inc. Profile Updated: December 11, 2025
Buy our report for this company USD 29.95 Most recent financial data: 2024 Available in: English Download a sample report

The Company is a food technology integrator with a mission to address global food security challenges through the development and commercialization of tasty, affordable and sustainable functional foods. It has developed a range of high-quality, affordable, sustainable, and nutritious premium, ready-to-eat meals sold in the United States, Canada, Central America, South America and Europe.
The Company s products include Chef Woo, a plant based instant ramen meals that provides with 20 grams of plant-based complete protein; and Ramen Express, a vegetarian ramen noodles.
HISTORY
2021 The Company is a blank check company incorporated in the Cayman Islands on February 3, 2021.
2024 The Company, Borealis Foods Inc., a corporation incorporated under the laws of Canada contemplated by the Business Combination Agreement, dated as of February 23, 2023, by and among Borealis, Oxus, and Newco. Pursuant to the terms of the Business Combination Agreement, it will continue under the name “Borealis Foods Inc.” on February 7, 2024. Its symbol will also commence trading on the Nasdaq under the ticker BRLS , “BRLSW.” on February 8, 2024.

Headquarters
1540 Cornwall Rd, Oakville, Ontario
Oakville; Ontario; Postal Code: L6J 7W5

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Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
January 13, 2026
Key Executives
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Chairman
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Chief Executive Officer
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Chief Financial Officer
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Chief Financial Officer
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Director/Member of the Board
Ownership Details
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17.121%
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15.084%
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14.994%
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13.326%
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1.169%
Subsidiaries
Palmetto Gourmet Foods Inc
Palmetto Gourmet Foods Real Estate I, Inc
Palmetto Gourmet Foods Real Estate Ii, Inc.
Company Performance
Financial values in the chart are available after Borealis Foods Inc. report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency CAD. Absolute financial data is included in the purchased report.
Net sales revenue
2.17%
Total operating revenue
2.17%
Operating profit (EBIT)
47.49%
EBITDA
50.71%
Net Profit (Loss) for the Period
35.06%
Total Assets
-6.23%
Total Equity
N/A
Operating Profit Margin (ROS)
36.69%
Net Profit Margin
34.1%
Return on Equity (ROE)
N/A
Debt/Equity
N/A
Quick Ratio
-0.1%

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