Dane Creek Capital Corp. Closes Acquisition of Mountain Dog Enterprises Inc.

PetPlate kettle cooked meals are made from fresh meats and vegetables

Acquisition marks first of several investments in frozen raw pet food manufacturers in Canada

Mississauga, Ontario – October 4, 2017. Dane Creek Capital Corp. (‘DCCC’ or the ‘Company’), the pet industry merchant bank, today announced it has closed its previously announced acquisition of 100% of Mountain Dog Enterprises Inc. (‘Mountain Dog’). Through this acquisition, DCCC is now one of the largest manufacturers of frozen raw pet food in Canada and the only manufacturer in the country with HACCP Canada certification.

Based in Edmonton, Alberta, Mountain Dog pet foods are manufactured out of a single facility and sold mainly through pet specialty retailers throughout Canada. Its products range from pure meat and bone mixtures to complete meals with all meat ingredients sourced locally from CFIA inspected facilities. Mountain Dog was founded by Dean Ricard in 2000, a dog breeder and current President of the Canadian Association of Raw Pet Food Manufacturers which has established guidelines for best manufacturing practices for the frozen raw pet food industry in Canada. Ricard will continue to act as President and CEO of Mountain Dog post-completion.

The acquisition marks the first of what the Company believes will be several investments or acquisitions in the fast-growing frozen raw pet food sector in both Canada and the United States. The transaction was completed on October 1, 2017.

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The Pethealth Story

DCCC Chairman & CEO Mark Warren is the founder and former President & CEO of Pethealth Inc. which he formed in 1998. Under his leadership, Pethealth became the leading aggregator of new pet and pet owner data, the largest provider of cloud-based software to the companion animal industry, one of the largest providers of pet insurance in the US, UK & Canada and the world’s largest provider of companion animal microchip technology.

Pethealth was acquired by Fairfax Financial Holdings Limited (‘Fairfax’) in November, 2014 for all cash consideration of C$100M representing 2.1x twelve months trailing revenue, 19.6x twelve months trailing EBITDA and a 69% premium to the common share price.

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