Project Cascade is a venture-backed cultivated protein company that developed a proprietary process to produce alternative meat products at commercial scale. To enter the North American market quickly, the company’s leadership pursued regulatory approval and facility development in parallel in order to target operational readiness within months of approval.

Stream’s Manufacturing, Food & Beverage and Distribution platform partnered with the company to deliver a 155,000-square-foot cultivated protein manufacturing facility in an 18-month timeframe. The project required a unique capital and delivery strategy after a $30 million budget gap emerged that threatened schedule and market entry. In partnership, CH Realty and Stream structured a joint venture to deliver a turnkey, leased facility, preserving 14 to 15 months of operating runway for the business while offsetting upfront CapEx.

Stream aligned production schedules with equipment lead times, integrated equipment design with building infrastructure to eliminate scope gaps, and coordinated installation of tenant-owned production equipment through the development team. Early intervention also reduced material handling and wastewater risk, mitigating 10 to 15 percent of potential cost exposure before construction began.

As the first commercial-scale cultivated protein facility in North America, Project Cascade achieved a significant speed-to-market advantage, enabling earlier revenue generation and positioning the company to scale additional facilities to support new markets and growing demand.

Services Provided

Deal Structuring, In-House Capital, Debt & Equity Sourcing/Placement, Underwriting & Financial Analysis, Horizontal Land Development, Acquisition of Existing Assets, Business Case, Due Diligence, Design & Construction Management, Procurement, MHE Coordination, Equipment Infrastructure & Installation Management, Closeout

Value Delivered

  • Accelerated market entry through parallel regulatory, capital, and facility execution
  • Extended operating runway by preserving 14-15 months of capital
  • Closed $30M funding gap with a turnkey capital and delivery structure
  • Reduced execution risk by aligning equipment, infrastructure, and schedule early

Key Stats

18
months to completion
15
million dollars in cost savings
15
months of extra operating capital

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