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Califia Farms Finances $15 Million Expansion

The plant-based milk company will triple its output and expand globally to meet growing demand.

Vegan beverage brand Califia Farms announced this week that it secured a $15 million lease with equipment finance company CapX Partners to further expand its production capacity. “CapX enjoys working with strong leaders and growing companies,” CapX Partners Managing Director Richard Bollinger said. “Califia Farms is a familiar household brand, recognized as a market leader across multiple categories.” Califia Farms is at the forefront of the growing plant-based milk industry, which is predicted to reach $35 billion by 2024. “In order to meet the growing demand,” Califia Farms CFO Demir Vangelov said, “we needed to build two new production lines, which required a significant investment and has resulted in tripling our output capacity at our Bakersfield plant.” Greg Steltenpohl founded the fast-growing company in 2010 and received a $50 million capital injection in 2015 from New York City firm Stripes Group to fund its mission of becoming “the plant-based company of the future.”

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Moby Sells 100 Musical Instruments to Help Vegan Doctors

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Cardi B Feasts on Vegan Food at Coachella

The celebrated songstress and fellow musicians Migos, Daniel Caesar, Ghostface Killah, Kelela, and Beyoncé's crew enjoyed vegan food at Coachella thanks to vegan chef Lauren Von Der Pool.
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Kevin Smith Officially Goes Vegan

The famed director's vegan daughter Harley Quinn Smith confirmed that her father—who recently had a massive heart attack—has gone vegan and loves Veggie Grill's nachos.
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Vegan Croissants Crowned as Best in Miami

L'Artisane Creative Bakery is the first vegan bakery to take the top spot in annual competition Croissant Battle Miami.
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Vegan Chocolate Cake-Scented Bus Stop Erected in London

Londoners can now smell the sweet aroma of BOSH!'s chocolate fudge cake while waiting for the bus.
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This Week on VegNews TV: The secret to these delightful sweet treats is white beans! Aylin Erman shows you how to make these simple blondies.

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