Enterra Receives CFIA Approval to Sell Insect Larvae to Aquaculture Industry

LANGLEY, BC--(Marketwired - February 15, 2017) - Enterra Feed Corporation has received approval from the Canadian Food Inspection Agency (CFIA) to sell its Whole Dried Black Soldier Fly Larvae as a feed ingredient for salmonids, including farmed salmon, trout and arctic char. With this approval, the Metro Vancouver-based company is now the first to market and sell this sustainable, natural product to aquaculture feed manufacturers in Canada. This is the first Canadian approval of an insect-based aquaculture feed ingredient, and follows the CFIA's approval using this same product in feed for chicken broilers last year. Enterra received a similar U.S. approval for use in salmonid feeds in 2016.

Canada is the fourth-largest producer of farmed salmon in the world, according to the Department of Fisheries and Oceans. In 2015 the farm gate value -- the net value when it leaves the farm -- of salmon and trout in Canada was $850 million¹.

"Aquaculture feed producers have been keenly awaiting this approval and we look forward to supplying their needs immediately," said Andrew Vickerson, Chief Technology Officer, Enterra. "Fish eat insects in their natural environment and our product is a healthy, digestible and renewable source of protein and fat that can replace less sustainable ingredients, including fish meal and soybean meal."

Production of fish meal, which is a standard aquaculture feed ingredient, can deplete wild ocean fish stocks and is subject to substantial price fluctuations. Soybean meal requires significant agricultural inputs that could otherwise be used more efficiently to grow food for people.

"Insects are a natural source of digestible protein and fat for fish, including salmon and trout," said Dr. Brad Hicks, a veterinarian and partner in Taplow Feeds, an aquaculture feed manufacturer. "This product will contribute to healthy, active fish and is a great alternative feed ingredient."

Enterra's insect-based feed ingredients are sustainably produced with a long-term price guarantee. The company collects pre-consumer recycled food from farms, grocery stores and food producers -- waste that would otherwise be sent to landfill, compost or waste-to-energy facilities where the nutrient value would be lost or underutilized. Instead, Enterra feeds the waste food to black soldier fly larvae which grow rapidly under controlled conditions. Once mature, the larvae are processed into renewable feed ingredients in the form of Whole Dried Black Soldier Fly Larvae, Enterra Meal (made of de-fatted larvae) and Enterra Oil (extracted from the larvae).

Enterra's sales have tripled each year since its Langley farm opened in 2014. Through its proprietary process, Enterra has converted tens of thousands of metric tonnes of pre-consumer waste food into sustainable feed ingredients for its growing customer base. The company plans to expand its existing facility and establish additional farms in Canada and the U.S. to meet the increased customer demand anticipated to result from future U.S. and Canadian approvals of a complementary feed product, Enterra Meal. These approvals are expected in 2017.

About Enterra

Enterra Feed Corporation is a privately held company, located in Langley, B.C. that specializes in the development and manufacture of natural insect-based feed ingredients for the animal feed industry. Enterra uses the larvae of the black soldier fly, a beneficial insect species that is highly efficient at upcycling complex nutrients in pre-consumer waste food into an excellent source of protein and fat, perfect for inclusion in feed for fish, poultry, pets and zoo animals. These innovative products offer a sustainable alternative to resource-intensive feed ingredients like fish meal, fish oil, soybean meal, palm kernel oil and coconut oil. For more information, visit www.enterrafeed.com.

¹ http://www.dfo-mpo.gc.ca/stats/aqua/aqua15-eng.htm

Image Available: http://www.marketwire.com/library/MwGo/2017/2/14/11G130286/Images/BSF_-_Full_Res-b77d07a122efae6ca52a009dc80a9e91.JPG
Image Available: http://www.marketwire.com/library/MwGo/2017/2/14/11G130286/Images/Dried_BSF_Larvae_3008_x_2000-ceefbba7fb9baa1cb37af668ccb27ba1.JPG