The warring foodtech firms have agreed to dismiss the case with “each party to bear its own costs, expenses, and attorneys’ fees.”
Reaching sustainability targets could be a big driver for M&A deals in the dairy sector, according to RaboResearch.
Plus: Delivery Hero plans an IPO in the Middle East, Mycorena gets acquired.
ZBiotics will expand its retail footprint as well as bring more use cases for its genetically engineered probiotics to market.
New School Foods has also unveiled a pilot facility that will enable commercial-scale production of its whole-cut plant-based salmon.
Plus: High-protein foods maker David and a hand full of others announced new funding.
Plus… Impossible Foods opens a brick-and-mortar store while Florida’s cultivated meat battle rages on.
Existing single-cell suspension stir tank bioreactors “can’t be used to effectively produce non-GM, cultivated muscle and fat,” claims Mission Barns.
According to former COO Edward Smolyansky: “Under my sister Julie’s authority… there’s no clear strategic plan or vision for employees to rally behind, and many have expressed concerns.”
The only subsegment delivering meaningful growth in unit sales was coconut milk, with dollar sales up 12.6% and units up 13.9% in the year to July 14, albeit off a small base.
“We’re talking about building smaller, smarter facilities with a lot less capital,” says cofounder and CEO Michele Stansfield.
The pair are also exploring using lactose permeate, a byproduct of milk protein production, as a feedstock for Superbrewed Food’s microorganisms, creating a circular solution.
Two agtechs join forces to address the overlooked tropical crop sector.
A new player has emerged on the alt dairy scene with an aged plant-based cheddar launching at select restaurants in New York City and the San Francisco Bay Area under the Plonts brand.
“We are trying to drive this business to cashflow positive operations as quickly as possible,” says CFO Lubi Kutua. “We have not said that that will occur this year.”
“We have very low capex, which allows us to to sell at parity, or even in some instances, to undercut traditional seafood,” says CEO Brittany Chibe.
The legal dispute between the animal-free dairy pioneer and co-manufacturer Olon is turning increasingly ugly, with Olon arguing that Perfect Day is presenting “a false narrative” of their deteriorating relationship.
São Paulo-based startup Typcal is seeking to blaze a trail in the Latin American market with mycoprotein which it claims grows more rapidly, on a broader range of feedstocks, than competitive fungi strains.
The tiny larvae are put in a state of suspended animation for up to 10 days without refrigeration, enabling insect protein producers to focus on rearing and processing.
Plus: autonomous delivery startup Nuro looks to be making a comeback.
