EDC backs DeeBee’s U.S. expansion
May 21, 2015
By Bakers Journal
May 21, 2015, Vancouver — Export Development Canada (EDC) announced today financing to DeeBee’s SpecialTea Foods Ltd. (DeeBee’s) to facilitate the expansion of its business in the United States.
DeeBee’s is a small Victoria, B.C.-based business that is creating a new, healthy alternative to frozen desserts. DeeBee’s TeaPops are certified organic, herbal tea-based, fruit-packed, frozen treats with no refined sugars, artificial colouring or flavouring.
“It can be hard for a small business to get initial financing for expansion into a foreign market,” said EDC senior vice-president Mairead Lavery. “At EDC we aim to make exporting as easy as possible for a small business. When you’re not worrying about financing, you have more time to spend on other areas of your business.”
“This financing from EDC will help us to expand our business and meet the growing demand for our TeaPops,” said Dr. Dionne Laslo-Baker, founder and CEOof DeeBee’s. “We’re so excited for the next chapter in our company’s life, and the support EDC has provided has been instrumental in this.”
EDC is Canada’s leading provider of small business financing and insurance for Canadian companies with sales or interests outside of Canada.
“In a case like DeeBee’s, EDC sees the potential for this great Canadian SME and the demand for their product in the market,” said Lavery. “We’re looking forward to seeing them succeed in their expansion.”
DeeBee’s has already garnered a lot of attention and was presented with the New Exporter of the Year Award by the B.C. Division of Canadian Manufacturers & Exporters last year. The company was also recently featured on Maria Shriver’s business blog, recognizing Laslo-Baker’s successes and challenges as a female entrepreneur and mother.
DeeBee’s Organic TeaPops have undergone a massive expansion since the product’s official launch in August 2013. Originally only sold in a local grocer in Victoria, TeaPops are now a staple in retailers across North America, including Whole Foods. TeaPops also launched across Sprouts Famers Market’s 200 locations in the United States this year.
Read more about how DeeBee’s is expanding their business through exports on exportwise.ca.
For more information about how EDC can help your company, call us at 1-888-434-8508 or visit www.edc.ca.
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