![Beyond Burger v4 from Beyond Meat](https://agfundernews.com/wp-content/uploads/2024/02/Beyond-Burger-v4-Image-credit-to-Beyond-Meat-300x210.jpg)
Experts question debt-laden Beyond Meat’s future in wake of grim Q1 figures
Beyond Meat posted a net loss of $54.4m on revenues down 18% to $75.6m in Q1, 2024. However, gross margins moved back into positive territory.
Beyond Meat posted a net loss of $54.4m on revenues down 18% to $75.6m in Q1, 2024. However, gross margins moved back into positive territory.
Green Plains will be able to produce dextrose with significantly lower capital and carbon intensity vs the standard wet milling process, claims the ethanol producer.
Fungi-fueled startup Meati Foods has raised $100m+ in a C-1 round led by Grosvenor Food & AgTech and rolled out its mycelium-based steaks and cutlets into 2,000 Kroger stores, taking its store count up to 6,000.
Clean Crop Technologies has launched a commercial cold plasma seed treatment facility, signed $3.4m in purchase orders, and has a pipeline worth $47m in ARR, claims the startup.
The latest in the ugly legal dispute between bioreactor supplier ABEC and foodtech co Eat Just and its GOOD Meat cultivated meat subsidiary…
New consumer research from Mattson into users of GLP-1 drugs indicates they want more protein, smaller portion sizes, and foods that soothe nausea and digestive discomfort.
Shiru has also developed AI and ML-based models to predict protein expression in microbial systems, helping firms determine the most cost effective way to produce target proteins at scale.
Caladan Bio has developed a lower-cost benchtop bioreactor system designed to enhance data capture and increase experimentation throughput.
The foodtech co—which had been told it was a winner weeks ago to give the team time to plan a trip to Portland for the awards ceremony—was told it had fallen foul of rules it claims had not previously been communicated.
“What we’re doing is taking out the sugar and replacing it with ketones, which are a better source of energy,” says cofounder Karishma Thawani.
US retail sales of plant-based meat fell 12% in 2023 with units down 19%, while plant-based milk sales were up 1% with units down 8%.
Omeat is operating with a skeleton crew to conserve cash following a turbulent few months during which the founder stepped down as CEO after being accused of creating a hostile working environment.
“In 2016, I spoke to a lot of investors that said, ‘Why would anybody produce casein in plants when you can easily do it via precision fermentation?’ The same people are now coming back and saying, ‘Actually what you’re doing makes a lot of sense,'” says Alpine Bio founder Magi Richani.
According to Olon, it is owed $112m in unpaid manufacturing fees, unreimbursed CapEx, raw materials costs and other costs, plus an estimated $32m in damages resulting from Perfect Day’s alleged fraud.
Robots are cool but there’s a time and a place, says Hyphen cofounder Stephen Klein. “Turns out you don’t actually need a 30-kg robotic arm to move a coffee cup.”
Gro did not provide advance written notice of its mass layoffs as required under federal and state law, allege former employees in a proposed class action lawsuit.
“One thing we’ve recognized is that sometimes breakthrough technologies that map really well to a very positive and impactful food and agri thesis might originate outside of the sector,” says Michael Lavin.
‘Investors are starting to understand that plant cell culture is one of the emerging categories within cellular agriculture,’ says CEO Frank Jaksch.
RipeLocker’s patented tech can significantly extend the post-harvest life of everything from blueberries, hops and walnuts to roses, says VP Julian Lewis.
Meatable has slashed production times for cultivated pork by dramatically speeding up the process by which its stem cells differentiate into fat and muscle.
Sponsored
Farmers ‘ready and willing to try’ biological crop solutions. Only ‘strong business models’ need apply