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Locus Fermentation Solutions raises $30m in debt financing following ‘strategic restructuring,’ revamps carbon farming scheme
“Through a strategic restructuring we parted ways with some former team members,” says the Ohio-based firm.
“Through a strategic restructuring we parted ways with some former team members,” says the Ohio-based firm.
Ditch the cell, and use its internal machinery to produce proteins, and you can slash the cost and increase the speed of protein synthesis, says Tierra Biosciences.
According to USDA, as of Dec 31, 2022, foreign interests held 3.4% of all privately held agricultural land in the US, the ‘proverbial pimple on a whale,’ writes Ben Palen.
“It is more likely than not that a CRISPR-enabled cell line will ultimately be necessary [for profitable production at scale],” says Eat Just CEO Josh Tetrick.
Umaro Foods’ seaweed-fueled bacon will make its retail debut on the west coast with a leading food retailer.
The zero-cholesterol, low-saturated fat eggs are made from a base of soy and chickpea protein plus sunflower oil, with ‘runny’ yolks sealed from the whites by an alginate film.
According to one industry source, Gro received “some money with a lot of conditions.”
“In the first six years, we had more failures than successes,” says insect ag pioneer Kees Aarts.
Beyond Meat Jerky, the first product to emerge from the firm’s JV with PepsiCo, is being discontinued less than two years after launch.
According to the new definition, precision fermentation combines the process of traditional fermentation with the latest advances in biotechnology.
CTO James Cariello has been named as the new CEO at the firm, which recently laid off 10% of its staff and has been trying to raise fresh capital through a convertible bond.
“Our first farm was profitable within a few months of opening, so we realized we might be onto something big,” says Gotham Greens founder and CEO.
The Breyers launch comes hot on the heels of Nestlé’s ‘Better Whey’ product from Orgain, which features whey protein made by microbes in fermentation tanks instead of cows.
Under new leadership, Meati Foods will “continue the work to right size the company’s workforce and accelerate the path to profitability” says the firm.
Less than five months after announcing its first commercial-scale cultivated meat plant in Glenview, Illinois, UPSIDE Foods has hit pause…
“The CEO got all [of the] company [together] in a less than five-minute call and the affected ones were disconnected less than an hour and a half afterwards.”
Billed as “the most nutrient-dense protein source on the planet,” Superbrewed Food’s Non GMO bacterial biomass is 85% protein with meaningful levels of vitamin B12.
The startup has entered into an assignment for the benefit of the creditors (ABC), an alternative to formal bankruptcy proceedings that transfers a distressed company’s assets from the debtor to a trust.
Founded by ex-Impossible Foods exec Reed McCord, First Bite is a data platform designed for food manufacturers looking to increase sales in the foodservice channel.
Funding for cultivated meat peaked at $989m in 2021, dipped slightly to $807m in 2022, then dropped sharply to just $177m in 2023.
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Restoring the soil quickly is key to capturing returns in regenerative agriculture