INDUSTRY
Agriculture
STAGE
Commissioning
COMMODITY
Ice
LOCATION
US & Canada
KEY TERMS
25% revenue royalty on first two commercial facilities (Plant City and Montreal) with stepdown to 15% revenue royalty after 1.25X MOIC
2% revenue royalty on Relocalize's next eight commercial facilities
Ability to invest an additional $22.5 million to support Relocalize's growth
Relocalize - Sustainably Produced Ice Products
Relocalize has developed a proprietary, patented modular ice manufacturing and distribution platform designed to decentralize ice production and reduce the environmental footprint associated with traditional long-haul ice supply chains.
Relocalize’s business model integrates on-site ice production with sustainable packaging and distribution, serving the packaged ice and cold pack markets. This enables customers to access a reliable supply of ice while reducing transportation emissions, logistics costs, and waste.
Plant City Commercial Facility
Relocalize's first commercial facility in Plant City, Florida, is being commissioned and is expected to generate revenue in Q2, 2026. This facility is expected to produce over 1,800,000 units (7lb bags) per year of premium packaged ice.
The Plant City facility is fully financed and is being commissioned for The Winn-Dixie Company ("Winn-Dixie"). It will be located at a distribution center that serves Winn-Dixie and will produce enough packaged ice to meet the demand of over 100 stores.
Planned: Montreal Commercial Facility
Relocalize's second commercial facility is planned to be in Montreal, Quebec, and is in the development phase. This facility is expected to produce over 3,200,000 units (4lb bags) per year of cold packs and will be co-located at the Relocalize head office in Montreal.
The estimated capital costs for the Montreal facility are between $3.0-$4.0 million, of which CVW Sustainable Royalties has committed $1.5 million. CVW Sustainable Royalties' investment is contingent upon Relocalize reaching certain operational and commercial milestones. The Montreal facility will service meal kit and ready-to-eat meal delivery companies in the region. This facility is expected to generate revenue in Q1, 2027.
Future Facility Royalties
As part of the strategic partnership between CVW Sustainable Royalties and Relocalize, CVW Sustainable Royalties has the option to invest up to $22.5 million to fund up to 13 additional facilities. Relocalize expects to construct and commission the additional 13 facilities before the end of 2030. This provides shareholders with exposure to a scalable portfolio of royalty streams as Relocalize executes its business plan and further de-risks its technology.
CVW Sustainable Royalties also has a ROFR for royalty financing on all of Relocalize's future facilities.