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Melt the coconut oil and bacon fat together in a pan. Sauté the onions and garlic for about 3 minutes, then add the bacon and cook for another 2-3 minutes, until the onions are translucent.
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Add the carrots, beets, and celery and cook until the vegetables have softened slightly, about 5-6 minutes.
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Pour in the cranberry juice and chicken stock and bring to a boil. Reduce heat to medium-low and simmer for 10 minutes.
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Carefully pour the sauce into a blender and blend on low for 15 seconds, then increase the speed to high and continue to blend until you have a smooth sauce.
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Return the sauce to the pan. Add the bay leaves, basil, oregano, thyme, and vinegar. Bring to a simmer. At this point, you can add the meatballs or ground beef in and let them cook together in the sauce for a few minutes while the flavors come together.