Canada invests in OrganicOcean’s growth

QUEBEC — The Canada Economic Development for Quebec Regions (CED) is offering a repayable contribution of $345,000 for OrganicOcean Inc. This CED support will enable the business to acquire and install new equipment to process marine biomass to increase its productivity and production capacity.

“SMEs are at the heart of community development and are part of our government’s economic recovery plan. We are helping them grow and innovate, and I am therefore delighted with CED’s support for OrganicOcean’s growth project,” said Pascale St-Onge, Member of Parliament for Brome–Missisquoi, Minister of Sport and Minister responsible for CED. “The business’s contribution to the Bas-Saint-Laurent region’s economic vitality is undeniable. Without a doubt, the success and spin-offs of this project to increase its production of innovative green products for plant nutrition will be felt right across the region, Quebec and Canada.”

OrganicOcean specializes in developing, manufacturing, and marketing innovative plant nutrition products made from seaweed extracts. This investment project will enable the SME to ensure its growth. It will thus be able to intensify its manufacturing of biostimulants that help foster sustainable agriculture.

“The use of biostimulants in cropping systems represents a new major shift in the global agricultural industry,” said Martin Poirier, President, OrganicOcean Inc. “This change is motivated mainly by the need to increase agricultural production by cultivated surface area in order to meet the demand for food as it increases with population growth, and by the need to boost the growth of crops affected by abiotic stresses resulting from changing climate conditions. CED’s financial assistance will enable OrganicOcean to increase its productivity and competitiveness in Canada and on export markets.”