Eat Just’s Cultured-Meat Unit Raises $170 Million in Funding

23
8
Favorite

Eat Just’s Cultured-Meat Unit Raises $170 Million in Funding

Bloomberg2021-05-18

Company is looking to boost production and developmentInvestors include UBS O’Connor and Graphene VenturesEat Just’s lab-grown chicken meat.Source: Eat Just Inc.Eat Just Inc., the San Francisco-based ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment（8）

Jloong
·2021-05-18
[Smile]
Reply
1
Report
Fold Replies
- Jloong:
  [Smile]
  2021-05-18
  Reply
  Report
小红盛虎
·2021-05-18
Wow
Reply
Like
Report
Jcjc
·2021-05-18
Ok
Reply
Like
Report
ASCNMN
·2021-05-18
Ok
Reply
1
Report
Yoxin
·2021-05-18
Ok
Reply
4
Report
Fold Replies
- GSHGSH:
  ok
  2021-05-20
  Reply
  Report
- GSHGSH:
  ok
  2021-05-19
  Reply
  Report
- GSHGSH:
  ok
  2021-05-18
  Reply
  Report
View more 1 comments
stormlee
·2021-05-18
Comment & like pls
Reply
1
Report
DeniseNg
·2021-05-18
Help like thank you
Reply
1
Report
Fold Replies
- stormlee:
  Comment & like pls
  2021-05-18
  Reply
  Report
AMz13
·2021-05-18
Not meat
Reply
2
Report
Fold Replies
- stormlee:
  Comment & like pls
  2021-05-18
  Reply
  Report

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/1100365249?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-05-18 21:23","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1100365249","market":"us","top_or_hot":-1,"title":"Eat Just’s Cultured-Meat Unit Raises $170 Million in Funding","media":"Bloomberg","content":"<div>\n<p>Company is looking to boost production and developmentInvestors include UBS O’Connor and Graphene VenturesEat Just’s lab-grown chicken meat.Source: Eat Just Inc.Eat Just Inc., the San Francisco-based ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-05-18/eat-just-s-cultured-meat-unit-raises-170-million-in-funding?srnd=markets-vp\">Source Link</a>\n\n</div>\n","source":"lsy1584095487587","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Eat Just’s Cultured-Meat Unit Raises $170 Million in Funding</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEat Just’s Cultured-Meat Unit Raises $170 Million in Funding\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-18 21:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-05-18/eat-just-s-cultured-meat-unit-raises-170-million-in-funding?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Company is looking to boost production and developmentInvestors include UBS O’Connor and Graphene VenturesEat Just’s lab-grown chicken meat.Source: Eat Just Inc.Eat Just Inc., the San Francisco-based ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-05-18/eat-just-s-cultured-meat-unit-raises-170-million-in-funding?srnd=markets-vp\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"EATBF","symbol_name":"EAT & BEYOND GLOBAL HLDGS INC.","start_time":0,"source_url":"https://www.bloomberg.com/news/articles/2021-05-18/eat-just-s-cultured-meat-unit-raises-170-million-in-funding?srnd=markets-vp","article_id":"1100365249","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1100365249","pubTimestamp":1621344220,"sourceInfo":{"source_id":"lsy1584095487587","name":"Bloomberg"},"weMediaInfo":null,"summary":"Company is looking to boost production and developmentInvestors include UBS O’Connor and Graphene Ve","collect":0,"end_time":0,"defaultTopTitle":"bloomberg.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"EATBF":"EAT & BEYOND GLOBAL HLDGS INC."},"translate_title":"Eat Just的养殖肉制品部门筹集1.7亿美元资金","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EATBF":0.9},"content_text":"Company is looking to boost production and developmentInvestors include UBS O’Connor and Graphene VenturesEat Just’s lab-grown chicken meat.Source: Eat Just Inc.Eat Just Inc., the San Francisco-based maker of plant-based egg products, raised $170 million in new funding to help expand its cell-based meat subsidiary.Funds were raised from UBS O’Connor, a hedge fund manager within UBS Asset Management, Graphene Ventures, K3 Ventures and others. The money will be used to increase Good Meat’s production capacity and accelerate research for cultivating meat from cells harvested from animals.“There are a lot of benefits to being part of the whole, but Good Meat does need dedicated capital and dedicated resources if it’s going to succeed in the way we want,” Eat Just Chief Executive Officer Josh Tetrick said in an interview. Tetrick and the company’s chief technology officer, Peter Licari, will retain leadership positions in both businesses and some employees will work in both as well.The company, which currently sells its plant-based egg products in U.S. supermarkets, also raised $200 million in a funding round in March. At the time, the company was valued at more than $1 billion, and that amount has not changed with the new funding, the company said.Last year, Eat Just became the first company to sell cultivated meat to the public when it started offering cell-grown chicken in a restaurant in Singapore; another Singapore restaurant will soon join it. Just Eat has also started selling through Foodpanda, a food and grocery delivery platform in Asia.Now, the company isaiming toramp up production and sales of the product in Singapore and, when possible, in the U.S. as well. The company plans to produce in the “thousands of pounds range” this year, Tetrick said, but added that’s “way short” of what is required.Cellular agriculture companies produce proteins like beef and chicken by growing meat from cells instead of slaughtering live animals, as opposed to companies like Beyond Meat and Impossible foods that make meat-like products out of vegetable materials.Awaiting ApprovalThe cultivated meat companies must get approval from the U.S. Department of Agriculture and the Food and Drug Administration before they can offer their products to the public. There is no public timeline for this, but industry executives have expressed optimism. Companies are currently awaiting guidance on labeling standards, which would be an important step toward retail sales.Tetrick has said the company will be ready to launch in the U.S. shortly after getting the regulatory green light. The company, which is producing cultivated chicken and beef in Northern California, is in talks with food-service and retail partners about initiating sales, he added. Upside Foods, formerly known as Memphis Meats, made a similar announcement last week.The industry, which now includes more than 70 companies globally and could make up as much as 35% of the $1.8 trillion global meat market by 2040, according to an estimate from Kearney, is expecting to draw on the same young consumers that have pushed plant-based proteins into the mainstream.Many of those consumers cite the environmental benefits of plant-based meats as a major draw to the products. While similar arguments have been made for cultivated meat, it has yet to be proven. Cultured meat will still produce emissions from heating and electricity, a recent assessment by environmental researcher CE Delft found. Based on nations’ stated power and gas policies for 2030, cultivated meat is expected to have a lower environmental impact than beef, but higher than chicken, pork and plant-based alternatives.These findings should provide more reason to move to renewable power, said Bruce Friedrich, founder and executive director of the Good Food Institute, an industry group.Customer AcceptanceSome investors have voiced concern about demand.“The uncertainty to me is consumer acceptance in the U.S. market,” said Tom Mastrobuoni, chief investment officer of Big Idea Ventures, which invests in both plant-based and cell-based companies.In a survey, Eat Just found that 72% of U.S. and 83% of Singaporean chicken consumers would consider buying cell-based chicken. The company’s educational campaign in Singapore has helped spark its success there, said Stephanie Dorsey, a founding partner at E2JDJ, a food investment firm. The company provides educational materials on menus, billboards and with Foodpanda.“It’s new at first, it’s strange, but then it becomes normalized,” she said.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":194165096,"gmtCreate":1621348408315,"gmtModify":1704356237490,"author":{"id":"3582461179498852","authorId":"3582461179498852","authorIdStr":"3582461179498852","name":"Jloong","avatar":"https://static.tigerbbs.com/c4b2ad914ca2d224c8a40f6783470de6","vip":1,"hat":"https://static.tigerbbs.com/0a8758340a08196056f8bc1e54805193","crmLevel":4,"crmLevelSwitch":1,"idStr":"3582461179498852"},"htmlText":"[Smile]&nbsp;","listText":"[Smile]&nbsp;","text":"[Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/194165096","repostId":1100365249,"repostType":4,"repost":{"id":"1100365249","pubTimestamp":1621344220,"share":"https://ttm.financial/m/news/1100365249?lang=&edition=fundamental","pubTime":"2021-05-18 21:23","market":"us","language":"en","title":"Eat Just’s Cultured-Meat Unit Raises $170 Million in Funding","url":"https://stock-news.laohu8.com/highlight/detail?id=1100365249","media":"Bloomberg","summary":"Company is looking to boost production and developmentInvestors include UBS O’Connor and Graphene Ve","content":"<ul><li>Company is looking to boost production and development</li><li>Investors include UBS O’Connor and Graphene Ventures</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6b0c635055aaf014b5eb6727408e71b6\" tg-width=\"1400\" tg-height=\"1008\" referrerpolicy=\"no-referrer\"><span>Eat Just’s lab-grown chicken meat.Source: Eat Just Inc.</span></p><p>Eat Just Inc., the San Francisco-based maker of plant-based egg products, raised $170 million in new funding to help expand its cell-based meat subsidiary.</p><p>Funds were raised from&nbsp;UBS O’Connor, a hedge fund manager within UBS Asset Management, Graphene Ventures, K3 Ventures and others. The money will be used to increase Good Meat’s production capacity and accelerate research for cultivating meat from cells harvested from animals.</p><p>“There are a lot of benefits to being part of the whole, but Good Meat does need dedicated capital and dedicated resources if it’s going to succeed in the way we want,” Eat Just Chief Executive Officer Josh Tetrick said in an interview. Tetrick and the company’s chief technology officer, Peter Licari, will retain leadership positions in both businesses and some employees will work in both as well.</p><p>The company, which currently sells its plant-based egg products in U.S. supermarkets, also&nbsp;raised $200 million&nbsp;in a funding round in March. At the time, the company was valued at more than $1 billion, and that amount has not changed with the new funding, the company said.</p><p>Last year, Eat Just became the first company to sell cultivated meat to the public when it started offering cell-grown chicken in a restaurant in Singapore; another Singapore restaurant will soon join it. Just Eat has also&nbsp;started selling&nbsp;through&nbsp;Foodpanda, a food and grocery delivery platform in Asia.</p><p>Now, the company isaiming toramp up production and sales of the product in Singapore and, when possible, in the U.S. as well. The company plans to produce in the “thousands of pounds range” this year, Tetrick said, but added that’s “way short” of what is required.</p><p>Cellular agriculture companies produce proteins like beef and chicken by growing meat from cells instead of slaughtering live animals, as opposed to companies like Beyond Meat and Impossible foods that make meat-like products out of vegetable materials.</p><p><b>Awaiting Approval</b></p><p>The cultivated meat companies must get approval from the U.S. Department of Agriculture and the Food and Drug Administration before they can offer their products to the public. There is no public timeline for this, but industry executives have expressed optimism. Companies are currently awaiting guidance on labeling standards, which would be an important step toward retail sales.</p><p>Tetrick has said the company will be ready to launch in the U.S. shortly after getting the regulatory green light. The company, which is producing cultivated chicken and beef in Northern California, is in talks with food-service and retail partners about initiating sales, he added. Upside Foods, formerly known as Memphis Meats, made a similar announcement&nbsp;last week.</p><p>The industry, which now includes more than 70 companies globally and could make up as much as 35% of the $1.8 trillion global meat market by 2040, according to&nbsp;an estimate from Kearney, is expecting to draw on the same young consumers that have pushed plant-based proteins into the mainstream.</p><p>Many of those consumers cite the environmental benefits of plant-based meats as a major draw to the products. While similar arguments have been made for cultivated meat, it has yet to be proven. Cultured meat will still produce emissions from heating and electricity, a recent assessment by environmental researcher CE Delft found. Based on nations’ stated power and gas policies for 2030, cultivated meat is expected to have a lower environmental impact than beef, but higher than chicken, pork and plant-based alternatives.</p><p>These findings should provide more reason to move to renewable power, said Bruce Friedrich, founder and executive director of the Good Food Institute, an industry group.</p><p><b>Customer Acceptance</b></p><p>Some investors have voiced concern about demand.</p><p>“The uncertainty to me is consumer acceptance in the U.S. market,” said Tom Mastrobuoni, chief investment officer of Big Idea Ventures, which invests in both plant-based and cell-based companies.</p><p>In a survey, Eat Just found that 72% of U.S. and 83% of Singaporean chicken consumers would consider buying cell-based chicken. The company’s educational campaign in Singapore has helped spark its success there, said Stephanie Dorsey, a founding partner at&nbsp;E2JDJ, a food investment firm. The company provides educational materials on menus, billboards and with Foodpanda.</p><p>“It’s new at first, it’s strange, but then it becomes normalized,” she said.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Eat Just’s Cultured-Meat Unit Raises $170 Million in Funding</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEat Just’s Cultured-Meat Unit Raises $170 Million in Funding\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-18 21:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-05-18/eat-just-s-cultured-meat-unit-raises-170-million-in-funding?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Company is looking to boost production and developmentInvestors include UBS O’Connor and Graphene VenturesEat Just’s lab-grown chicken meat.Source: Eat Just Inc.Eat Just Inc., the San Francisco-based ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-05-18/eat-just-s-cultured-meat-unit-raises-170-million-in-funding?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"EATBF":"EAT & BEYOND GLOBAL HLDGS INC."},"source_url":"https://www.bloomberg.com/news/articles/2021-05-18/eat-just-s-cultured-meat-unit-raises-170-million-in-funding?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1100365249","content_text":"Company is looking to boost production and developmentInvestors include UBS O’Connor and Graphene VenturesEat Just’s lab-grown chicken meat.Source: Eat Just Inc.Eat Just Inc., the San Francisco-based maker of plant-based egg products, raised $170 million in new funding to help expand its cell-based meat subsidiary.Funds were raised from UBS O’Connor, a hedge fund manager within UBS Asset Management, Graphene Ventures, K3 Ventures and others. The money will be used to increase Good Meat’s production capacity and accelerate research for cultivating meat from cells harvested from animals.“There are a lot of benefits to being part of the whole, but Good Meat does need dedicated capital and dedicated resources if it’s going to succeed in the way we want,” Eat Just Chief Executive Officer Josh Tetrick said in an interview. Tetrick and the company’s chief technology officer, Peter Licari, will retain leadership positions in both businesses and some employees will work in both as well.The company, which currently sells its plant-based egg products in U.S. supermarkets, also raised $200 million in a funding round in March. At the time, the company was valued at more than $1 billion, and that amount has not changed with the new funding, the company said.Last year, Eat Just became the first company to sell cultivated meat to the public when it started offering cell-grown chicken in a restaurant in Singapore; another Singapore restaurant will soon join it. Just Eat has also started selling through Foodpanda, a food and grocery delivery platform in Asia.Now, the company isaiming toramp up production and sales of the product in Singapore and, when possible, in the U.S. as well. The company plans to produce in the “thousands of pounds range” this year, Tetrick said, but added that’s “way short” of what is required.Cellular agriculture companies produce proteins like beef and chicken by growing meat from cells instead of slaughtering live animals, as opposed to companies like Beyond Meat and Impossible foods that make meat-like products out of vegetable materials.Awaiting ApprovalThe cultivated meat companies must get approval from the U.S. Department of Agriculture and the Food and Drug Administration before they can offer their products to the public. There is no public timeline for this, but industry executives have expressed optimism. Companies are currently awaiting guidance on labeling standards, which would be an important step toward retail sales.Tetrick has said the company will be ready to launch in the U.S. shortly after getting the regulatory green light. The company, which is producing cultivated chicken and beef in Northern California, is in talks with food-service and retail partners about initiating sales, he added. Upside Foods, formerly known as Memphis Meats, made a similar announcement last week.The industry, which now includes more than 70 companies globally and could make up as much as 35% of the $1.8 trillion global meat market by 2040, according to an estimate from Kearney, is expecting to draw on the same young consumers that have pushed plant-based proteins into the mainstream.Many of those consumers cite the environmental benefits of plant-based meats as a major draw to the products. While similar arguments have been made for cultivated meat, it has yet to be proven. Cultured meat will still produce emissions from heating and electricity, a recent assessment by environmental researcher CE Delft found. Based on nations’ stated power and gas policies for 2030, cultivated meat is expected to have a lower environmental impact than beef, but higher than chicken, pork and plant-based alternatives.These findings should provide more reason to move to renewable power, said Bruce Friedrich, founder and executive director of the Good Food Institute, an industry group.Customer AcceptanceSome investors have voiced concern about demand.“The uncertainty to me is consumer acceptance in the U.S. market,” said Tom Mastrobuoni, chief investment officer of Big Idea Ventures, which invests in both plant-based and cell-based companies.In a survey, Eat Just found that 72% of U.S. and 83% of Singaporean chicken consumers would consider buying cell-based chicken. The company’s educational campaign in Singapore has helped spark its success there, said Stephanie Dorsey, a founding partner at E2JDJ, a food investment firm. The company provides educational materials on menus, billboards and with Foodpanda.“It’s new at first, it’s strange, but then it becomes normalized,” she said.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4368597,"gmtCreate":1621348422457,"gmtModify":1680789521792,"authorId":3582461179498852,"author":{"id":3582461179498852,"authorId":3582461179498852,"name":"Jloong","avatar":"https://static.tigerbbs.com/c4b2ad914ca2d224c8a40f6783470de6","vip":1,"currentWearingBadge":{"badgeId":"4e86300037264823b9bb00ff44fc0f19-1","templateUuid":"4e86300037264823b9bb00ff44fc0f19","name":"Live trading challenger","description":"for 2 months ","bigImgUrl":"https://community-static.tradeup.com/news/8b003a3bf5345b99ab81c85272d831dd","smallImgUrl":"https://community-static.tradeup.com/news/885398afdc88c1ccec437c2db766c66e","grayImgUrl":"https://community-static.tradeup.com/news/afc369193ae735956fa2d778abb73c82","redirectLinkEnabled":0,"redirectLink":"https://www.tigerbrokers.com.sg/activity/market/2023/stock-contest?adcode=StockContest2023","hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.12.03","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":5600},"crmLevel":4,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":194165096,"type":1,"supId":0,"prevId":0,"content":"[Smile]","text":"[Smile]","html":"[Smile]"}],"langContent":"EN"},{"id":194110742,"gmtCreate":1621347312486,"gmtModify":1704356203123,"author":{"id":"3578134126413921","authorId":"3578134126413921","authorIdStr":"3578134126413921","name":"小红盛虎","avatar":"https://static.tigerbbs.com/043a9a9162274702cb29e8fbef057493","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3578134126413921"},"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/194110742","repostId":1100365249,"repostType":4,"repost":{"id":"1100365249","pubTimestamp":1621344220,"share":"https://ttm.financial/m/news/1100365249?lang=&edition=fundamental","pubTime":"2021-05-18 21:23","market":"us","language":"en","title":"Eat Just’s Cultured-Meat Unit Raises $170 Million in Funding","url":"https://stock-news.laohu8.com/highlight/detail?id=1100365249","media":"Bloomberg","summary":"Company is looking to boost production and developmentInvestors include UBS O’Connor and Graphene Ve","content":"<ul><li>Company is looking to boost production and development</li><li>Investors include UBS O’Connor and Graphene Ventures</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6b0c635055aaf014b5eb6727408e71b6\" tg-width=\"1400\" tg-height=\"1008\" referrerpolicy=\"no-referrer\"><span>Eat Just’s lab-grown chicken meat.Source: Eat Just Inc.</span></p><p>Eat Just Inc., the San Francisco-based maker of plant-based egg products, raised $170 million in new funding to help expand its cell-based meat subsidiary.</p><p>Funds were raised from&nbsp;UBS O’Connor, a hedge fund manager within UBS Asset Management, Graphene Ventures, K3 Ventures and others. The money will be used to increase Good Meat’s production capacity and accelerate research for cultivating meat from cells harvested from animals.</p><p>“There are a lot of benefits to being part of the whole, but Good Meat does need dedicated capital and dedicated resources if it’s going to succeed in the way we want,” Eat Just Chief Executive Officer Josh Tetrick said in an interview. Tetrick and the company’s chief technology officer, Peter Licari, will retain leadership positions in both businesses and some employees will work in both as well.</p><p>The company, which currently sells its plant-based egg products in U.S. supermarkets, also&nbsp;raised $200 million&nbsp;in a funding round in March. At the time, the company was valued at more than $1 billion, and that amount has not changed with the new funding, the company said.</p><p>Last year, Eat Just became the first company to sell cultivated meat to the public when it started offering cell-grown chicken in a restaurant in Singapore; another Singapore restaurant will soon join it. Just Eat has also&nbsp;started selling&nbsp;through&nbsp;Foodpanda, a food and grocery delivery platform in Asia.</p><p>Now, the company isaiming toramp up production and sales of the product in Singapore and, when possible, in the U.S. as well. The company plans to produce in the “thousands of pounds range” this year, Tetrick said, but added that’s “way short” of what is required.</p><p>Cellular agriculture companies produce proteins like beef and chicken by growing meat from cells instead of slaughtering live animals, as opposed to companies like Beyond Meat and Impossible foods that make meat-like products out of vegetable materials.</p><p><b>Awaiting Approval</b></p><p>The cultivated meat companies must get approval from the U.S. Department of Agriculture and the Food and Drug Administration before they can offer their products to the public. There is no public timeline for this, but industry executives have expressed optimism. Companies are currently awaiting guidance on labeling standards, which would be an important step toward retail sales.</p><p>Tetrick has said the company will be ready to launch in the U.S. shortly after getting the regulatory green light. The company, which is producing cultivated chicken and beef in Northern California, is in talks with food-service and retail partners about initiating sales, he added. Upside Foods, formerly known as Memphis Meats, made a similar announcement&nbsp;last week.</p><p>The industry, which now includes more than 70 companies globally and could make up as much as 35% of the $1.8 trillion global meat market by 2040, according to&nbsp;an estimate from Kearney, is expecting to draw on the same young consumers that have pushed plant-based proteins into the mainstream.</p><p>Many of those consumers cite the environmental benefits of plant-based meats as a major draw to the products. While similar arguments have been made for cultivated meat, it has yet to be proven. Cultured meat will still produce emissions from heating and electricity, a recent assessment by environmental researcher CE Delft found. Based on nations’ stated power and gas policies for 2030, cultivated meat is expected to have a lower environmental impact than beef, but higher than chicken, pork and plant-based alternatives.</p><p>These findings should provide more reason to move to renewable power, said Bruce Friedrich, founder and executive director of the Good Food Institute, an industry group.</p><p><b>Customer Acceptance</b></p><p>Some investors have voiced concern about demand.</p><p>“The uncertainty to me is consumer acceptance in the U.S. market,” said Tom Mastrobuoni, chief investment officer of Big Idea Ventures, which invests in both plant-based and cell-based companies.</p><p>In a survey, Eat Just found that 72% of U.S. and 83% of Singaporean chicken consumers would consider buying cell-based chicken. The company’s educational campaign in Singapore has helped spark its success there, said Stephanie Dorsey, a founding partner at&nbsp;E2JDJ, a food investment firm. The company provides educational materials on menus, billboards and with Foodpanda.</p><p>“It’s new at first, it’s strange, but then it becomes normalized,” she said.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Eat Just’s Cultured-Meat Unit Raises $170 Million in Funding</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEat Just’s Cultured-Meat Unit Raises $170 Million in Funding\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-18 21:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-05-18/eat-just-s-cultured-meat-unit-raises-170-million-in-funding?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Company is looking to boost production and developmentInvestors include UBS O’Connor and Graphene VenturesEat Just’s lab-grown chicken meat.Source: Eat Just Inc.Eat Just Inc., the San Francisco-based ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-05-18/eat-just-s-cultured-meat-unit-raises-170-million-in-funding?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"EATBF":"EAT & BEYOND GLOBAL HLDGS INC."},"source_url":"https://www.bloomberg.com/news/articles/2021-05-18/eat-just-s-cultured-meat-unit-raises-170-million-in-funding?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1100365249","content_text":"Company is looking to boost production and developmentInvestors include UBS O’Connor and Graphene VenturesEat Just’s lab-grown chicken meat.Source: Eat Just Inc.Eat Just Inc., the San Francisco-based maker of plant-based egg products, raised $170 million in new funding to help expand its cell-based meat subsidiary.Funds were raised from UBS O’Connor, a hedge fund manager within UBS Asset Management, Graphene Ventures, K3 Ventures and others. The money will be used to increase Good Meat’s production capacity and accelerate research for cultivating meat from cells harvested from animals.“There are a lot of benefits to being part of the whole, but Good Meat does need dedicated capital and dedicated resources if it’s going to succeed in the way we want,” Eat Just Chief Executive Officer Josh Tetrick said in an interview. Tetrick and the company’s chief technology officer, Peter Licari, will retain leadership positions in both businesses and some employees will work in both as well.The company, which currently sells its plant-based egg products in U.S. supermarkets, also raised $200 million in a funding round in March. At the time, the company was valued at more than $1 billion, and that amount has not changed with the new funding, the company said.Last year, Eat Just became the first company to sell cultivated meat to the public when it started offering cell-grown chicken in a restaurant in Singapore; another Singapore restaurant will soon join it. Just Eat has also started selling through Foodpanda, a food and grocery delivery platform in Asia.Now, the company isaiming toramp up production and sales of the product in Singapore and, when possible, in the U.S. as well. The company plans to produce in the “thousands of pounds range” this year, Tetrick said, but added that’s “way short” of what is required.Cellular agriculture companies produce proteins like beef and chicken by growing meat from cells instead of slaughtering live animals, as opposed to companies like Beyond Meat and Impossible foods that make meat-like products out of vegetable materials.Awaiting ApprovalThe cultivated meat companies must get approval from the U.S. Department of Agriculture and the Food and Drug Administration before they can offer their products to the public. There is no public timeline for this, but industry executives have expressed optimism. Companies are currently awaiting guidance on labeling standards, which would be an important step toward retail sales.Tetrick has said the company will be ready to launch in the U.S. shortly after getting the regulatory green light. The company, which is producing cultivated chicken and beef in Northern California, is in talks with food-service and retail partners about initiating sales, he added. Upside Foods, formerly known as Memphis Meats, made a similar announcement last week.The industry, which now includes more than 70 companies globally and could make up as much as 35% of the $1.8 trillion global meat market by 2040, according to an estimate from Kearney, is expecting to draw on the same young consumers that have pushed plant-based proteins into the mainstream.Many of those consumers cite the environmental benefits of plant-based meats as a major draw to the products. While similar arguments have been made for cultivated meat, it has yet to be proven. Cultured meat will still produce emissions from heating and electricity, a recent assessment by environmental researcher CE Delft found. Based on nations’ stated power and gas policies for 2030, cultivated meat is expected to have a lower environmental impact than beef, but higher than chicken, pork and plant-based alternatives.These findings should provide more reason to move to renewable power, said Bruce Friedrich, founder and executive director of the Good Food Institute, an industry group.Customer AcceptanceSome investors have voiced concern about demand.“The uncertainty to me is consumer acceptance in the U.S. market,” said Tom Mastrobuoni, chief investment officer of Big Idea Ventures, which invests in both plant-based and cell-based companies.In a survey, Eat Just found that 72% of U.S. and 83% of Singaporean chicken consumers would consider buying cell-based chicken. The company’s educational campaign in Singapore has helped spark its success there, said Stephanie Dorsey, a founding partner at E2JDJ, a food investment firm. The company provides educational materials on menus, billboards and with Foodpanda.“It’s new at first, it’s strange, but then it becomes normalized,” she said.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":194190828,"gmtCreate":1621346458764,"gmtModify":1704356175879,"author":{"id":"3582890365053788","authorId":"3582890365053788","authorIdStr":"3582890365053788","name":"Jcjc","avatar":"https://static.tigerbbs.com/e4a4d259d75e936d3cc6ad2cbcf8097a","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3582890365053788"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/194190828","repostId":1100365249,"repostType":4,"repost":{"id":"1100365249","pubTimestamp":1621344220,"share":"https://ttm.financial/m/news/1100365249?lang=&edition=fundamental","pubTime":"2021-05-18 21:23","market":"us","language":"en","title":"Eat Just’s Cultured-Meat Unit Raises $170 Million in Funding","url":"https://stock-news.laohu8.com/highlight/detail?id=1100365249","media":"Bloomberg","summary":"Company is looking to boost production and developmentInvestors include UBS O’Connor and Graphene Ve","content":"<ul><li>Company is looking to boost production and development</li><li>Investors include UBS O’Connor and Graphene Ventures</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6b0c635055aaf014b5eb6727408e71b6\" tg-width=\"1400\" tg-height=\"1008\" referrerpolicy=\"no-referrer\"><span>Eat Just’s lab-grown chicken meat.Source: Eat Just Inc.</span></p><p>Eat Just Inc., the San Francisco-based maker of plant-based egg products, raised $170 million in new funding to help expand its cell-based meat subsidiary.</p><p>Funds were raised from&nbsp;UBS O’Connor, a hedge fund manager within UBS Asset Management, Graphene Ventures, K3 Ventures and others. The money will be used to increase Good Meat’s production capacity and accelerate research for cultivating meat from cells harvested from animals.</p><p>“There are a lot of benefits to being part of the whole, but Good Meat does need dedicated capital and dedicated resources if it’s going to succeed in the way we want,” Eat Just Chief Executive Officer Josh Tetrick said in an interview. Tetrick and the company’s chief technology officer, Peter Licari, will retain leadership positions in both businesses and some employees will work in both as well.</p><p>The company, which currently sells its plant-based egg products in U.S. supermarkets, also&nbsp;raised $200 million&nbsp;in a funding round in March. At the time, the company was valued at more than $1 billion, and that amount has not changed with the new funding, the company said.</p><p>Last year, Eat Just became the first company to sell cultivated meat to the public when it started offering cell-grown chicken in a restaurant in Singapore; another Singapore restaurant will soon join it. Just Eat has also&nbsp;started selling&nbsp;through&nbsp;Foodpanda, a food and grocery delivery platform in Asia.</p><p>Now, the company isaiming toramp up production and sales of the product in Singapore and, when possible, in the U.S. as well. The company plans to produce in the “thousands of pounds range” this year, Tetrick said, but added that’s “way short” of what is required.</p><p>Cellular agriculture companies produce proteins like beef and chicken by growing meat from cells instead of slaughtering live animals, as opposed to companies like Beyond Meat and Impossible foods that make meat-like products out of vegetable materials.</p><p><b>Awaiting Approval</b></p><p>The cultivated meat companies must get approval from the U.S. Department of Agriculture and the Food and Drug Administration before they can offer their products to the public. There is no public timeline for this, but industry executives have expressed optimism. Companies are currently awaiting guidance on labeling standards, which would be an important step toward retail sales.</p><p>Tetrick has said the company will be ready to launch in the U.S. shortly after getting the regulatory green light. The company, which is producing cultivated chicken and beef in Northern California, is in talks with food-service and retail partners about initiating sales, he added. Upside Foods, formerly known as Memphis Meats, made a similar announcement&nbsp;last week.</p><p>The industry, which now includes more than 70 companies globally and could make up as much as 35% of the $1.8 trillion global meat market by 2040, according to&nbsp;an estimate from Kearney, is expecting to draw on the same young consumers that have pushed plant-based proteins into the mainstream.</p><p>Many of those consumers cite the environmental benefits of plant-based meats as a major draw to the products. While similar arguments have been made for cultivated meat, it has yet to be proven. Cultured meat will still produce emissions from heating and electricity, a recent assessment by environmental researcher CE Delft found. Based on nations’ stated power and gas policies for 2030, cultivated meat is expected to have a lower environmental impact than beef, but higher than chicken, pork and plant-based alternatives.</p><p>These findings should provide more reason to move to renewable power, said Bruce Friedrich, founder and executive director of the Good Food Institute, an industry group.</p><p><b>Customer Acceptance</b></p><p>Some investors have voiced concern about demand.</p><p>“The uncertainty to me is consumer acceptance in the U.S. market,” said Tom Mastrobuoni, chief investment officer of Big Idea Ventures, which invests in both plant-based and cell-based companies.</p><p>In a survey, Eat Just found that 72% of U.S. and 83% of Singaporean chicken consumers would consider buying cell-based chicken. The company’s educational campaign in Singapore has helped spark its success there, said Stephanie Dorsey, a founding partner at&nbsp;E2JDJ, a food investment firm. The company provides educational materials on menus, billboards and with Foodpanda.</p><p>“It’s new at first, it’s strange, but then it becomes normalized,” she said.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Eat Just’s Cultured-Meat Unit Raises $170 Million in Funding</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEat Just’s Cultured-Meat Unit Raises $170 Million in Funding\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-18 21:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-05-18/eat-just-s-cultured-meat-unit-raises-170-million-in-funding?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Company is looking to boost production and developmentInvestors include UBS O’Connor and Graphene VenturesEat Just’s lab-grown chicken meat.Source: Eat Just Inc.Eat Just Inc., the San Francisco-based ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-05-18/eat-just-s-cultured-meat-unit-raises-170-million-in-funding?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"EATBF":"EAT & BEYOND GLOBAL HLDGS INC."},"source_url":"https://www.bloomberg.com/news/articles/2021-05-18/eat-just-s-cultured-meat-unit-raises-170-million-in-funding?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1100365249","content_text":"Company is looking to boost production and developmentInvestors include UBS O’Connor and Graphene VenturesEat Just’s lab-grown chicken meat.Source: Eat Just Inc.Eat Just Inc., the San Francisco-based maker of plant-based egg products, raised $170 million in new funding to help expand its cell-based meat subsidiary.Funds were raised from UBS O’Connor, a hedge fund manager within UBS Asset Management, Graphene Ventures, K3 Ventures and others. The money will be used to increase Good Meat’s production capacity and accelerate research for cultivating meat from cells harvested from animals.“There are a lot of benefits to being part of the whole, but Good Meat does need dedicated capital and dedicated resources if it’s going to succeed in the way we want,” Eat Just Chief Executive Officer Josh Tetrick said in an interview. Tetrick and the company’s chief technology officer, Peter Licari, will retain leadership positions in both businesses and some employees will work in both as well.The company, which currently sells its plant-based egg products in U.S. supermarkets, also raised $200 million in a funding round in March. At the time, the company was valued at more than $1 billion, and that amount has not changed with the new funding, the company said.Last year, Eat Just became the first company to sell cultivated meat to the public when it started offering cell-grown chicken in a restaurant in Singapore; another Singapore restaurant will soon join it. Just Eat has also started selling through Foodpanda, a food and grocery delivery platform in Asia.Now, the company isaiming toramp up production and sales of the product in Singapore and, when possible, in the U.S. as well. The company plans to produce in the “thousands of pounds range” this year, Tetrick said, but added that’s “way short” of what is required.Cellular agriculture companies produce proteins like beef and chicken by growing meat from cells instead of slaughtering live animals, as opposed to companies like Beyond Meat and Impossible foods that make meat-like products out of vegetable materials.Awaiting ApprovalThe cultivated meat companies must get approval from the U.S. Department of Agriculture and the Food and Drug Administration before they can offer their products to the public. There is no public timeline for this, but industry executives have expressed optimism. Companies are currently awaiting guidance on labeling standards, which would be an important step toward retail sales.Tetrick has said the company will be ready to launch in the U.S. shortly after getting the regulatory green light. The company, which is producing cultivated chicken and beef in Northern California, is in talks with food-service and retail partners about initiating sales, he added. Upside Foods, formerly known as Memphis Meats, made a similar announcement last week.The industry, which now includes more than 70 companies globally and could make up as much as 35% of the $1.8 trillion global meat market by 2040, according to an estimate from Kearney, is expecting to draw on the same young consumers that have pushed plant-based proteins into the mainstream.Many of those consumers cite the environmental benefits of plant-based meats as a major draw to the products. While similar arguments have been made for cultivated meat, it has yet to be proven. Cultured meat will still produce emissions from heating and electricity, a recent assessment by environmental researcher CE Delft found. Based on nations’ stated power and gas policies for 2030, cultivated meat is expected to have a lower environmental impact than beef, but higher than chicken, pork and plant-based alternatives.These findings should provide more reason to move to renewable power, said Bruce Friedrich, founder and executive director of the Good Food Institute, an industry group.Customer AcceptanceSome investors have voiced concern about demand.“The uncertainty to me is consumer acceptance in the U.S. market,” said Tom Mastrobuoni, chief investment officer of Big Idea Ventures, which invests in both plant-based and cell-based companies.In a survey, Eat Just found that 72% of U.S. and 83% of Singaporean chicken consumers would consider buying cell-based chicken. The company’s educational campaign in Singapore has helped spark its success there, said Stephanie Dorsey, a founding partner at E2JDJ, a food investment firm. The company provides educational materials on menus, billboards and with Foodpanda.“It’s new at first, it’s strange, but then it becomes normalized,” she said.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":194346652,"gmtCreate":1621345439876,"gmtModify":1704356141962,"author":{"id":"3575240466494143","authorId":"3575240466494143","authorIdStr":"3575240466494143","name":"ASCNMN","avatar":"https://static.tigerbbs.com/9e7cbe60e92249aab78ace30dafa5d20","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3575240466494143"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/194346652","repostId":1100365249,"repostType":4,"repost":{"id":"1100365249","pubTimestamp":1621344220,"share":"https://ttm.financial/m/news/1100365249?lang=&edition=fundamental","pubTime":"2021-05-18 21:23","market":"us","language":"en","title":"Eat Just’s Cultured-Meat Unit Raises $170 Million in Funding","url":"https://stock-news.laohu8.com/highlight/detail?id=1100365249","media":"Bloomberg","summary":"Company is looking to boost production and developmentInvestors include UBS O’Connor and Graphene Ve","content":"<ul><li>Company is looking to boost production and development</li><li>Investors include UBS O’Connor and Graphene Ventures</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6b0c635055aaf014b5eb6727408e71b6\" tg-width=\"1400\" tg-height=\"1008\" referrerpolicy=\"no-referrer\"><span>Eat Just’s lab-grown chicken meat.Source: Eat Just Inc.</span></p><p>Eat Just Inc., the San Francisco-based maker of plant-based egg products, raised $170 million in new funding to help expand its cell-based meat subsidiary.</p><p>Funds were raised from&nbsp;UBS O’Connor, a hedge fund manager within UBS Asset Management, Graphene Ventures, K3 Ventures and others. The money will be used to increase Good Meat’s production capacity and accelerate research for cultivating meat from cells harvested from animals.</p><p>“There are a lot of benefits to being part of the whole, but Good Meat does need dedicated capital and dedicated resources if it’s going to succeed in the way we want,” Eat Just Chief Executive Officer Josh Tetrick said in an interview. Tetrick and the company’s chief technology officer, Peter Licari, will retain leadership positions in both businesses and some employees will work in both as well.</p><p>The company, which currently sells its plant-based egg products in U.S. supermarkets, also&nbsp;raised $200 million&nbsp;in a funding round in March. At the time, the company was valued at more than $1 billion, and that amount has not changed with the new funding, the company said.</p><p>Last year, Eat Just became the first company to sell cultivated meat to the public when it started offering cell-grown chicken in a restaurant in Singapore; another Singapore restaurant will soon join it. Just Eat has also&nbsp;started selling&nbsp;through&nbsp;Foodpanda, a food and grocery delivery platform in Asia.</p><p>Now, the company isaiming toramp up production and sales of the product in Singapore and, when possible, in the U.S. as well. The company plans to produce in the “thousands of pounds range” this year, Tetrick said, but added that’s “way short” of what is required.</p><p>Cellular agriculture companies produce proteins like beef and chicken by growing meat from cells instead of slaughtering live animals, as opposed to companies like Beyond Meat and Impossible foods that make meat-like products out of vegetable materials.</p><p><b>Awaiting Approval</b></p><p>The cultivated meat companies must get approval from the U.S. Department of Agriculture and the Food and Drug Administration before they can offer their products to the public. There is no public timeline for this, but industry executives have expressed optimism. Companies are currently awaiting guidance on labeling standards, which would be an important step toward retail sales.</p><p>Tetrick has said the company will be ready to launch in the U.S. shortly after getting the regulatory green light. The company, which is producing cultivated chicken and beef in Northern California, is in talks with food-service and retail partners about initiating sales, he added. Upside Foods, formerly known as Memphis Meats, made a similar announcement&nbsp;last week.</p><p>The industry, which now includes more than 70 companies globally and could make up as much as 35% of the $1.8 trillion global meat market by 2040, according to&nbsp;an estimate from Kearney, is expecting to draw on the same young consumers that have pushed plant-based proteins into the mainstream.</p><p>Many of those consumers cite the environmental benefits of plant-based meats as a major draw to the products. While similar arguments have been made for cultivated meat, it has yet to be proven. Cultured meat will still produce emissions from heating and electricity, a recent assessment by environmental researcher CE Delft found. Based on nations’ stated power and gas policies for 2030, cultivated meat is expected to have a lower environmental impact than beef, but higher than chicken, pork and plant-based alternatives.</p><p>These findings should provide more reason to move to renewable power, said Bruce Friedrich, founder and executive director of the Good Food Institute, an industry group.</p><p><b>Customer Acceptance</b></p><p>Some investors have voiced concern about demand.</p><p>“The uncertainty to me is consumer acceptance in the U.S. market,” said Tom Mastrobuoni, chief investment officer of Big Idea Ventures, which invests in both plant-based and cell-based companies.</p><p>In a survey, Eat Just found that 72% of U.S. and 83% of Singaporean chicken consumers would consider buying cell-based chicken. The company’s educational campaign in Singapore has helped spark its success there, said Stephanie Dorsey, a founding partner at&nbsp;E2JDJ, a food investment firm. The company provides educational materials on menus, billboards and with Foodpanda.</p><p>“It’s new at first, it’s strange, but then it becomes normalized,” she said.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Eat Just’s Cultured-Meat Unit Raises $170 Million in Funding</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEat Just’s Cultured-Meat Unit Raises $170 Million in Funding\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-18 21:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-05-18/eat-just-s-cultured-meat-unit-raises-170-million-in-funding?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Company is looking to boost production and developmentInvestors include UBS O’Connor and Graphene VenturesEat Just’s lab-grown chicken meat.Source: Eat Just Inc.Eat Just Inc., the San Francisco-based ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-05-18/eat-just-s-cultured-meat-unit-raises-170-million-in-funding?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"EATBF":"EAT & BEYOND GLOBAL HLDGS INC."},"source_url":"https://www.bloomberg.com/news/articles/2021-05-18/eat-just-s-cultured-meat-unit-raises-170-million-in-funding?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1100365249","content_text":"Company is looking to boost production and developmentInvestors include UBS O’Connor and Graphene VenturesEat Just’s lab-grown chicken meat.Source: Eat Just Inc.Eat Just Inc., the San Francisco-based maker of plant-based egg products, raised $170 million in new funding to help expand its cell-based meat subsidiary.Funds were raised from UBS O’Connor, a hedge fund manager within UBS Asset Management, Graphene Ventures, K3 Ventures and others. The money will be used to increase Good Meat’s production capacity and accelerate research for cultivating meat from cells harvested from animals.“There are a lot of benefits to being part of the whole, but Good Meat does need dedicated capital and dedicated resources if it’s going to succeed in the way we want,” Eat Just Chief Executive Officer Josh Tetrick said in an interview. Tetrick and the company’s chief technology officer, Peter Licari, will retain leadership positions in both businesses and some employees will work in both as well.The company, which currently sells its plant-based egg products in U.S. supermarkets, also raised $200 million in a funding round in March. At the time, the company was valued at more than $1 billion, and that amount has not changed with the new funding, the company said.Last year, Eat Just became the first company to sell cultivated meat to the public when it started offering cell-grown chicken in a restaurant in Singapore; another Singapore restaurant will soon join it. Just Eat has also started selling through Foodpanda, a food and grocery delivery platform in Asia.Now, the company isaiming toramp up production and sales of the product in Singapore and, when possible, in the U.S. as well. The company plans to produce in the “thousands of pounds range” this year, Tetrick said, but added that’s “way short” of what is required.Cellular agriculture companies produce proteins like beef and chicken by growing meat from cells instead of slaughtering live animals, as opposed to companies like Beyond Meat and Impossible foods that make meat-like products out of vegetable materials.Awaiting ApprovalThe cultivated meat companies must get approval from the U.S. Department of Agriculture and the Food and Drug Administration before they can offer their products to the public. There is no public timeline for this, but industry executives have expressed optimism. Companies are currently awaiting guidance on labeling standards, which would be an important step toward retail sales.Tetrick has said the company will be ready to launch in the U.S. shortly after getting the regulatory green light. The company, which is producing cultivated chicken and beef in Northern California, is in talks with food-service and retail partners about initiating sales, he added. Upside Foods, formerly known as Memphis Meats, made a similar announcement last week.The industry, which now includes more than 70 companies globally and could make up as much as 35% of the $1.8 trillion global meat market by 2040, according to an estimate from Kearney, is expecting to draw on the same young consumers that have pushed plant-based proteins into the mainstream.Many of those consumers cite the environmental benefits of plant-based meats as a major draw to the products. While similar arguments have been made for cultivated meat, it has yet to be proven. Cultured meat will still produce emissions from heating and electricity, a recent assessment by environmental researcher CE Delft found. Based on nations’ stated power and gas policies for 2030, cultivated meat is expected to have a lower environmental impact than beef, but higher than chicken, pork and plant-based alternatives.These findings should provide more reason to move to renewable power, said Bruce Friedrich, founder and executive director of the Good Food Institute, an industry group.Customer AcceptanceSome investors have voiced concern about demand.“The uncertainty to me is consumer acceptance in the U.S. market,” said Tom Mastrobuoni, chief investment officer of Big Idea Ventures, which invests in both plant-based and cell-based companies.In a survey, Eat Just found that 72% of U.S. and 83% of Singaporean chicken consumers would consider buying cell-based chicken. The company’s educational campaign in Singapore has helped spark its success there, said Stephanie Dorsey, a founding partner at E2JDJ, a food investment firm. The company provides educational materials on menus, billboards and with Foodpanda.“It’s new at first, it’s strange, but then it becomes normalized,” she said.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":194340883,"gmtCreate":1621345273042,"gmtModify":1704356133733,"author":{"id":"3571470148893542","authorId":"3571470148893542","authorIdStr":"3571470148893542","name":"Yoxin","avatar":"https://static.tigerbbs.com/3184024bf3d660bd49cc2158ebd27b3f","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3571470148893542"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/194340883","repostId":1100365249,"repostType":4,"repost":{"id":"1100365249","pubTimestamp":1621344220,"share":"https://ttm.financial/m/news/1100365249?lang=&edition=fundamental","pubTime":"2021-05-18 21:23","market":"us","language":"en","title":"Eat Just’s Cultured-Meat Unit Raises $170 Million in Funding","url":"https://stock-news.laohu8.com/highlight/detail?id=1100365249","media":"Bloomberg","summary":"Company is looking to boost production and developmentInvestors include UBS O’Connor and Graphene Ve","content":"<ul><li>Company is looking to boost production and development</li><li>Investors include UBS O’Connor and Graphene Ventures</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6b0c635055aaf014b5eb6727408e71b6\" tg-width=\"1400\" tg-height=\"1008\" referrerpolicy=\"no-referrer\"><span>Eat Just’s lab-grown chicken meat.Source: Eat Just Inc.</span></p><p>Eat Just Inc., the San Francisco-based maker of plant-based egg products, raised $170 million in new funding to help expand its cell-based meat subsidiary.</p><p>Funds were raised from&nbsp;UBS O’Connor, a hedge fund manager within UBS Asset Management, Graphene Ventures, K3 Ventures and others. The money will be used to increase Good Meat’s production capacity and accelerate research for cultivating meat from cells harvested from animals.</p><p>“There are a lot of benefits to being part of the whole, but Good Meat does need dedicated capital and dedicated resources if it’s going to succeed in the way we want,” Eat Just Chief Executive Officer Josh Tetrick said in an interview. Tetrick and the company’s chief technology officer, Peter Licari, will retain leadership positions in both businesses and some employees will work in both as well.</p><p>The company, which currently sells its plant-based egg products in U.S. supermarkets, also&nbsp;raised $200 million&nbsp;in a funding round in March. At the time, the company was valued at more than $1 billion, and that amount has not changed with the new funding, the company said.</p><p>Last year, Eat Just became the first company to sell cultivated meat to the public when it started offering cell-grown chicken in a restaurant in Singapore; another Singapore restaurant will soon join it. Just Eat has also&nbsp;started selling&nbsp;through&nbsp;Foodpanda, a food and grocery delivery platform in Asia.</p><p>Now, the company isaiming toramp up production and sales of the product in Singapore and, when possible, in the U.S. as well. The company plans to produce in the “thousands of pounds range” this year, Tetrick said, but added that’s “way short” of what is required.</p><p>Cellular agriculture companies produce proteins like beef and chicken by growing meat from cells instead of slaughtering live animals, as opposed to companies like Beyond Meat and Impossible foods that make meat-like products out of vegetable materials.</p><p><b>Awaiting Approval</b></p><p>The cultivated meat companies must get approval from the U.S. Department of Agriculture and the Food and Drug Administration before they can offer their products to the public. There is no public timeline for this, but industry executives have expressed optimism. Companies are currently awaiting guidance on labeling standards, which would be an important step toward retail sales.</p><p>Tetrick has said the company will be ready to launch in the U.S. shortly after getting the regulatory green light. The company, which is producing cultivated chicken and beef in Northern California, is in talks with food-service and retail partners about initiating sales, he added. Upside Foods, formerly known as Memphis Meats, made a similar announcement&nbsp;last week.</p><p>The industry, which now includes more than 70 companies globally and could make up as much as 35% of the $1.8 trillion global meat market by 2040, according to&nbsp;an estimate from Kearney, is expecting to draw on the same young consumers that have pushed plant-based proteins into the mainstream.</p><p>Many of those consumers cite the environmental benefits of plant-based meats as a major draw to the products. While similar arguments have been made for cultivated meat, it has yet to be proven. Cultured meat will still produce emissions from heating and electricity, a recent assessment by environmental researcher CE Delft found. Based on nations’ stated power and gas policies for 2030, cultivated meat is expected to have a lower environmental impact than beef, but higher than chicken, pork and plant-based alternatives.</p><p>These findings should provide more reason to move to renewable power, said Bruce Friedrich, founder and executive director of the Good Food Institute, an industry group.</p><p><b>Customer Acceptance</b></p><p>Some investors have voiced concern about demand.</p><p>“The uncertainty to me is consumer acceptance in the U.S. market,” said Tom Mastrobuoni, chief investment officer of Big Idea Ventures, which invests in both plant-based and cell-based companies.</p><p>In a survey, Eat Just found that 72% of U.S. and 83% of Singaporean chicken consumers would consider buying cell-based chicken. The company’s educational campaign in Singapore has helped spark its success there, said Stephanie Dorsey, a founding partner at&nbsp;E2JDJ, a food investment firm. The company provides educational materials on menus, billboards and with Foodpanda.</p><p>“It’s new at first, it’s strange, but then it becomes normalized,” she said.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Eat Just’s Cultured-Meat Unit Raises $170 Million in Funding</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEat Just’s Cultured-Meat Unit Raises $170 Million in Funding\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-18 21:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-05-18/eat-just-s-cultured-meat-unit-raises-170-million-in-funding?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Company is looking to boost production and developmentInvestors include UBS O’Connor and Graphene VenturesEat Just’s lab-grown chicken meat.Source: Eat Just Inc.Eat Just Inc., the San Francisco-based ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-05-18/eat-just-s-cultured-meat-unit-raises-170-million-in-funding?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"EATBF":"EAT & BEYOND GLOBAL HLDGS INC."},"source_url":"https://www.bloomberg.com/news/articles/2021-05-18/eat-just-s-cultured-meat-unit-raises-170-million-in-funding?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1100365249","content_text":"Company is looking to boost production and developmentInvestors include UBS O’Connor and Graphene VenturesEat Just’s lab-grown chicken meat.Source: Eat Just Inc.Eat Just Inc., the San Francisco-based maker of plant-based egg products, raised $170 million in new funding to help expand its cell-based meat subsidiary.Funds were raised from UBS O’Connor, a hedge fund manager within UBS Asset Management, Graphene Ventures, K3 Ventures and others. The money will be used to increase Good Meat’s production capacity and accelerate research for cultivating meat from cells harvested from animals.“There are a lot of benefits to being part of the whole, but Good Meat does need dedicated capital and dedicated resources if it’s going to succeed in the way we want,” Eat Just Chief Executive Officer Josh Tetrick said in an interview. Tetrick and the company’s chief technology officer, Peter Licari, will retain leadership positions in both businesses and some employees will work in both as well.The company, which currently sells its plant-based egg products in U.S. supermarkets, also raised $200 million in a funding round in March. At the time, the company was valued at more than $1 billion, and that amount has not changed with the new funding, the company said.Last year, Eat Just became the first company to sell cultivated meat to the public when it started offering cell-grown chicken in a restaurant in Singapore; another Singapore restaurant will soon join it. Just Eat has also started selling through Foodpanda, a food and grocery delivery platform in Asia.Now, the company isaiming toramp up production and sales of the product in Singapore and, when possible, in the U.S. as well. The company plans to produce in the “thousands of pounds range” this year, Tetrick said, but added that’s “way short” of what is required.Cellular agriculture companies produce proteins like beef and chicken by growing meat from cells instead of slaughtering live animals, as opposed to companies like Beyond Meat and Impossible foods that make meat-like products out of vegetable materials.Awaiting ApprovalThe cultivated meat companies must get approval from the U.S. Department of Agriculture and the Food and Drug Administration before they can offer their products to the public. There is no public timeline for this, but industry executives have expressed optimism. Companies are currently awaiting guidance on labeling standards, which would be an important step toward retail sales.Tetrick has said the company will be ready to launch in the U.S. shortly after getting the regulatory green light. The company, which is producing cultivated chicken and beef in Northern California, is in talks with food-service and retail partners about initiating sales, he added. Upside Foods, formerly known as Memphis Meats, made a similar announcement last week.The industry, which now includes more than 70 companies globally and could make up as much as 35% of the $1.8 trillion global meat market by 2040, according to an estimate from Kearney, is expecting to draw on the same young consumers that have pushed plant-based proteins into the mainstream.Many of those consumers cite the environmental benefits of plant-based meats as a major draw to the products. While similar arguments have been made for cultivated meat, it has yet to be proven. Cultured meat will still produce emissions from heating and electricity, a recent assessment by environmental researcher CE Delft found. Based on nations’ stated power and gas policies for 2030, cultivated meat is expected to have a lower environmental impact than beef, but higher than chicken, pork and plant-based alternatives.These findings should provide more reason to move to renewable power, said Bruce Friedrich, founder and executive director of the Good Food Institute, an industry group.Customer AcceptanceSome investors have voiced concern about demand.“The uncertainty to me is consumer acceptance in the U.S. market,” said Tom Mastrobuoni, chief investment officer of Big Idea Ventures, which invests in both plant-based and cell-based companies.In a survey, Eat Just found that 72% of U.S. and 83% of Singaporean chicken consumers would consider buying cell-based chicken. The company’s educational campaign in Singapore has helped spark its success there, said Stephanie Dorsey, a founding partner at E2JDJ, a food investment firm. The company provides educational materials on menus, billboards and with Foodpanda.“It’s new at first, it’s strange, but then it becomes normalized,” she said.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4388398,"gmtCreate":1621494414820,"gmtModify":1680789874140,"authorId":3582007735075001,"author":{"id":3582007735075001,"authorId":3582007735075001,"name":"GSHGSH","avatar":"https://static.tigerbbs.com/0849b8310613a8c68185fe1a9d220cca","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":194340883,"type":1,"supId":4367872,"prevId":0,"content":"<u>ok</u>","text":"<u>ok</u>","html":"<u>ok</u>"},{"id":4380448,"gmtCreate":1621434607969,"gmtModify":1680789737768,"authorId":3582007735075001,"author":{"id":3582007735075001,"authorId":3582007735075001,"name":"GSHGSH","avatar":"https://static.tigerbbs.com/0849b8310613a8c68185fe1a9d220cca","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":194340883,"type":1,"supId":0,"prevId":0,"content":"<u>ok</u>","text":"<u>ok</u>","html":"<u>ok</u>"},{"id":4368224,"gmtCreate":1621346703271,"gmtModify":1680789515173,"authorId":3582007735075001,"author":{"id":3582007735075001,"authorId":3582007735075001,"name":"GSHGSH","avatar":"https://static.tigerbbs.com/0849b8310613a8c68185fe1a9d220cca","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":194340883,"type":1,"supId":0,"prevId":0,"content":"<u>ok</u>","text":"<u>ok</u>","html":"<u>ok</u>"},{"id":4367872,"gmtCreate":1621345280924,"gmtModify":1680789503831,"authorId":3571470148893542,"author":{"id":3571470148893542,"authorId":3571470148893542,"name":"Yoxin","avatar":"https://static.tigerbbs.com/3184024bf3d660bd49cc2158ebd27b3f","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":194340883,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"EN"},{"id":194350439,"gmtCreate":1621344867121,"gmtModify":1704356120750,"author":{"id":"3571959390768435","authorId":"3571959390768435","authorIdStr":"3571959390768435","name":"stormlee","avatar":"https://static.tigerbbs.com/80629ef9648273c0d6465aee66dbd98a","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3571959390768435"},"htmlText":"Comment &amp; like pls","listText":"Comment &amp; like pls","text":"Comment & like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/194350439","repostId":1100365249,"repostType":4,"repost":{"id":"1100365249","pubTimestamp":1621344220,"share":"https://ttm.financial/m/news/1100365249?lang=&edition=fundamental","pubTime":"2021-05-18 21:23","market":"us","language":"en","title":"Eat Just’s Cultured-Meat Unit Raises $170 Million in Funding","url":"https://stock-news.laohu8.com/highlight/detail?id=1100365249","media":"Bloomberg","summary":"Company is looking to boost production and developmentInvestors include UBS O’Connor and Graphene Ve","content":"<ul><li>Company is looking to boost production and development</li><li>Investors include UBS O’Connor and Graphene Ventures</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6b0c635055aaf014b5eb6727408e71b6\" tg-width=\"1400\" tg-height=\"1008\" referrerpolicy=\"no-referrer\"><span>Eat Just’s lab-grown chicken meat.Source: Eat Just Inc.</span></p><p>Eat Just Inc., the San Francisco-based maker of plant-based egg products, raised $170 million in new funding to help expand its cell-based meat subsidiary.</p><p>Funds were raised from&nbsp;UBS O’Connor, a hedge fund manager within UBS Asset Management, Graphene Ventures, K3 Ventures and others. The money will be used to increase Good Meat’s production capacity and accelerate research for cultivating meat from cells harvested from animals.</p><p>“There are a lot of benefits to being part of the whole, but Good Meat does need dedicated capital and dedicated resources if it’s going to succeed in the way we want,” Eat Just Chief Executive Officer Josh Tetrick said in an interview. Tetrick and the company’s chief technology officer, Peter Licari, will retain leadership positions in both businesses and some employees will work in both as well.</p><p>The company, which currently sells its plant-based egg products in U.S. supermarkets, also&nbsp;raised $200 million&nbsp;in a funding round in March. At the time, the company was valued at more than $1 billion, and that amount has not changed with the new funding, the company said.</p><p>Last year, Eat Just became the first company to sell cultivated meat to the public when it started offering cell-grown chicken in a restaurant in Singapore; another Singapore restaurant will soon join it. Just Eat has also&nbsp;started selling&nbsp;through&nbsp;Foodpanda, a food and grocery delivery platform in Asia.</p><p>Now, the company isaiming toramp up production and sales of the product in Singapore and, when possible, in the U.S. as well. The company plans to produce in the “thousands of pounds range” this year, Tetrick said, but added that’s “way short” of what is required.</p><p>Cellular agriculture companies produce proteins like beef and chicken by growing meat from cells instead of slaughtering live animals, as opposed to companies like Beyond Meat and Impossible foods that make meat-like products out of vegetable materials.</p><p><b>Awaiting Approval</b></p><p>The cultivated meat companies must get approval from the U.S. Department of Agriculture and the Food and Drug Administration before they can offer their products to the public. There is no public timeline for this, but industry executives have expressed optimism. Companies are currently awaiting guidance on labeling standards, which would be an important step toward retail sales.</p><p>Tetrick has said the company will be ready to launch in the U.S. shortly after getting the regulatory green light. The company, which is producing cultivated chicken and beef in Northern California, is in talks with food-service and retail partners about initiating sales, he added. Upside Foods, formerly known as Memphis Meats, made a similar announcement&nbsp;last week.</p><p>The industry, which now includes more than 70 companies globally and could make up as much as 35% of the $1.8 trillion global meat market by 2040, according to&nbsp;an estimate from Kearney, is expecting to draw on the same young consumers that have pushed plant-based proteins into the mainstream.</p><p>Many of those consumers cite the environmental benefits of plant-based meats as a major draw to the products. While similar arguments have been made for cultivated meat, it has yet to be proven. Cultured meat will still produce emissions from heating and electricity, a recent assessment by environmental researcher CE Delft found. Based on nations’ stated power and gas policies for 2030, cultivated meat is expected to have a lower environmental impact than beef, but higher than chicken, pork and plant-based alternatives.</p><p>These findings should provide more reason to move to renewable power, said Bruce Friedrich, founder and executive director of the Good Food Institute, an industry group.</p><p><b>Customer Acceptance</b></p><p>Some investors have voiced concern about demand.</p><p>“The uncertainty to me is consumer acceptance in the U.S. market,” said Tom Mastrobuoni, chief investment officer of Big Idea Ventures, which invests in both plant-based and cell-based companies.</p><p>In a survey, Eat Just found that 72% of U.S. and 83% of Singaporean chicken consumers would consider buying cell-based chicken. The company’s educational campaign in Singapore has helped spark its success there, said Stephanie Dorsey, a founding partner at&nbsp;E2JDJ, a food investment firm. The company provides educational materials on menus, billboards and with Foodpanda.</p><p>“It’s new at first, it’s strange, but then it becomes normalized,” she said.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Eat Just’s Cultured-Meat Unit Raises $170 Million in Funding</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEat Just’s Cultured-Meat Unit Raises $170 Million in Funding\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-18 21:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-05-18/eat-just-s-cultured-meat-unit-raises-170-million-in-funding?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Company is looking to boost production and developmentInvestors include UBS O’Connor and Graphene VenturesEat Just’s lab-grown chicken meat.Source: Eat Just Inc.Eat Just Inc., the San Francisco-based ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-05-18/eat-just-s-cultured-meat-unit-raises-170-million-in-funding?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"EATBF":"EAT & BEYOND GLOBAL HLDGS INC."},"source_url":"https://www.bloomberg.com/news/articles/2021-05-18/eat-just-s-cultured-meat-unit-raises-170-million-in-funding?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1100365249","content_text":"Company is looking to boost production and developmentInvestors include UBS O’Connor and Graphene VenturesEat Just’s lab-grown chicken meat.Source: Eat Just Inc.Eat Just Inc., the San Francisco-based maker of plant-based egg products, raised $170 million in new funding to help expand its cell-based meat subsidiary.Funds were raised from UBS O’Connor, a hedge fund manager within UBS Asset Management, Graphene Ventures, K3 Ventures and others. The money will be used to increase Good Meat’s production capacity and accelerate research for cultivating meat from cells harvested from animals.“There are a lot of benefits to being part of the whole, but Good Meat does need dedicated capital and dedicated resources if it’s going to succeed in the way we want,” Eat Just Chief Executive Officer Josh Tetrick said in an interview. Tetrick and the company’s chief technology officer, Peter Licari, will retain leadership positions in both businesses and some employees will work in both as well.The company, which currently sells its plant-based egg products in U.S. supermarkets, also raised $200 million in a funding round in March. At the time, the company was valued at more than $1 billion, and that amount has not changed with the new funding, the company said.Last year, Eat Just became the first company to sell cultivated meat to the public when it started offering cell-grown chicken in a restaurant in Singapore; another Singapore restaurant will soon join it. Just Eat has also started selling through Foodpanda, a food and grocery delivery platform in Asia.Now, the company isaiming toramp up production and sales of the product in Singapore and, when possible, in the U.S. as well. The company plans to produce in the “thousands of pounds range” this year, Tetrick said, but added that’s “way short” of what is required.Cellular agriculture companies produce proteins like beef and chicken by growing meat from cells instead of slaughtering live animals, as opposed to companies like Beyond Meat and Impossible foods that make meat-like products out of vegetable materials.Awaiting ApprovalThe cultivated meat companies must get approval from the U.S. Department of Agriculture and the Food and Drug Administration before they can offer their products to the public. There is no public timeline for this, but industry executives have expressed optimism. Companies are currently awaiting guidance on labeling standards, which would be an important step toward retail sales.Tetrick has said the company will be ready to launch in the U.S. shortly after getting the regulatory green light. The company, which is producing cultivated chicken and beef in Northern California, is in talks with food-service and retail partners about initiating sales, he added. Upside Foods, formerly known as Memphis Meats, made a similar announcement last week.The industry, which now includes more than 70 companies globally and could make up as much as 35% of the $1.8 trillion global meat market by 2040, according to an estimate from Kearney, is expecting to draw on the same young consumers that have pushed plant-based proteins into the mainstream.Many of those consumers cite the environmental benefits of plant-based meats as a major draw to the products. While similar arguments have been made for cultivated meat, it has yet to be proven. Cultured meat will still produce emissions from heating and electricity, a recent assessment by environmental researcher CE Delft found. Based on nations’ stated power and gas policies for 2030, cultivated meat is expected to have a lower environmental impact than beef, but higher than chicken, pork and plant-based alternatives.These findings should provide more reason to move to renewable power, said Bruce Friedrich, founder and executive director of the Good Food Institute, an industry group.Customer AcceptanceSome investors have voiced concern about demand.“The uncertainty to me is consumer acceptance in the U.S. market,” said Tom Mastrobuoni, chief investment officer of Big Idea Ventures, which invests in both plant-based and cell-based companies.In a survey, Eat Just found that 72% of U.S. and 83% of Singaporean chicken consumers would consider buying cell-based chicken. The company’s educational campaign in Singapore has helped spark its success there, said Stephanie Dorsey, a founding partner at E2JDJ, a food investment firm. The company provides educational materials on menus, billboards and with Foodpanda.“It’s new at first, it’s strange, but then it becomes normalized,” she said.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":194325601,"gmtCreate":1621344775003,"gmtModify":1704356117510,"author":{"id":"3577676548650491","authorId":"3577676548650491","authorIdStr":"3577676548650491","name":"DeniseNg","avatar":"https://static.tigerbbs.com/11948e7ce98e042a57f07cfa672f07eb","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3577676548650491"},"htmlText":"Help like thank you","listText":"Help like thank you","text":"Help like thank you","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/194325601","repostId":1100365249,"repostType":4,"repost":{"id":"1100365249","pubTimestamp":1621344220,"share":"https://ttm.financial/m/news/1100365249?lang=&edition=fundamental","pubTime":"2021-05-18 21:23","market":"us","language":"en","title":"Eat Just’s Cultured-Meat Unit Raises $170 Million in Funding","url":"https://stock-news.laohu8.com/highlight/detail?id=1100365249","media":"Bloomberg","summary":"Company is looking to boost production and developmentInvestors include UBS O’Connor and Graphene Ve","content":"<ul><li>Company is looking to boost production and development</li><li>Investors include UBS O’Connor and Graphene Ventures</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6b0c635055aaf014b5eb6727408e71b6\" tg-width=\"1400\" tg-height=\"1008\" referrerpolicy=\"no-referrer\"><span>Eat Just’s lab-grown chicken meat.Source: Eat Just Inc.</span></p><p>Eat Just Inc., the San Francisco-based maker of plant-based egg products, raised $170 million in new funding to help expand its cell-based meat subsidiary.</p><p>Funds were raised from&nbsp;UBS O’Connor, a hedge fund manager within UBS Asset Management, Graphene Ventures, K3 Ventures and others. The money will be used to increase Good Meat’s production capacity and accelerate research for cultivating meat from cells harvested from animals.</p><p>“There are a lot of benefits to being part of the whole, but Good Meat does need dedicated capital and dedicated resources if it’s going to succeed in the way we want,” Eat Just Chief Executive Officer Josh Tetrick said in an interview. Tetrick and the company’s chief technology officer, Peter Licari, will retain leadership positions in both businesses and some employees will work in both as well.</p><p>The company, which currently sells its plant-based egg products in U.S. supermarkets, also&nbsp;raised $200 million&nbsp;in a funding round in March. At the time, the company was valued at more than $1 billion, and that amount has not changed with the new funding, the company said.</p><p>Last year, Eat Just became the first company to sell cultivated meat to the public when it started offering cell-grown chicken in a restaurant in Singapore; another Singapore restaurant will soon join it. Just Eat has also&nbsp;started selling&nbsp;through&nbsp;Foodpanda, a food and grocery delivery platform in Asia.</p><p>Now, the company isaiming toramp up production and sales of the product in Singapore and, when possible, in the U.S. as well. The company plans to produce in the “thousands of pounds range” this year, Tetrick said, but added that’s “way short” of what is required.</p><p>Cellular agriculture companies produce proteins like beef and chicken by growing meat from cells instead of slaughtering live animals, as opposed to companies like Beyond Meat and Impossible foods that make meat-like products out of vegetable materials.</p><p><b>Awaiting Approval</b></p><p>The cultivated meat companies must get approval from the U.S. Department of Agriculture and the Food and Drug Administration before they can offer their products to the public. There is no public timeline for this, but industry executives have expressed optimism. Companies are currently awaiting guidance on labeling standards, which would be an important step toward retail sales.</p><p>Tetrick has said the company will be ready to launch in the U.S. shortly after getting the regulatory green light. The company, which is producing cultivated chicken and beef in Northern California, is in talks with food-service and retail partners about initiating sales, he added. Upside Foods, formerly known as Memphis Meats, made a similar announcement&nbsp;last week.</p><p>The industry, which now includes more than 70 companies globally and could make up as much as 35% of the $1.8 trillion global meat market by 2040, according to&nbsp;an estimate from Kearney, is expecting to draw on the same young consumers that have pushed plant-based proteins into the mainstream.</p><p>Many of those consumers cite the environmental benefits of plant-based meats as a major draw to the products. While similar arguments have been made for cultivated meat, it has yet to be proven. Cultured meat will still produce emissions from heating and electricity, a recent assessment by environmental researcher CE Delft found. Based on nations’ stated power and gas policies for 2030, cultivated meat is expected to have a lower environmental impact than beef, but higher than chicken, pork and plant-based alternatives.</p><p>These findings should provide more reason to move to renewable power, said Bruce Friedrich, founder and executive director of the Good Food Institute, an industry group.</p><p><b>Customer Acceptance</b></p><p>Some investors have voiced concern about demand.</p><p>“The uncertainty to me is consumer acceptance in the U.S. market,” said Tom Mastrobuoni, chief investment officer of Big Idea Ventures, which invests in both plant-based and cell-based companies.</p><p>In a survey, Eat Just found that 72% of U.S. and 83% of Singaporean chicken consumers would consider buying cell-based chicken. The company’s educational campaign in Singapore has helped spark its success there, said Stephanie Dorsey, a founding partner at&nbsp;E2JDJ, a food investment firm. The company provides educational materials on menus, billboards and with Foodpanda.</p><p>“It’s new at first, it’s strange, but then it becomes normalized,” she said.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Eat Just’s Cultured-Meat Unit Raises $170 Million in Funding</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEat Just’s Cultured-Meat Unit Raises $170 Million in Funding\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-18 21:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-05-18/eat-just-s-cultured-meat-unit-raises-170-million-in-funding?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Company is looking to boost production and developmentInvestors include UBS O’Connor and Graphene VenturesEat Just’s lab-grown chicken meat.Source: Eat Just Inc.Eat Just Inc., the San Francisco-based ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-05-18/eat-just-s-cultured-meat-unit-raises-170-million-in-funding?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"EATBF":"EAT & BEYOND GLOBAL HLDGS INC."},"source_url":"https://www.bloomberg.com/news/articles/2021-05-18/eat-just-s-cultured-meat-unit-raises-170-million-in-funding?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1100365249","content_text":"Company is looking to boost production and developmentInvestors include UBS O’Connor and Graphene VenturesEat Just’s lab-grown chicken meat.Source: Eat Just Inc.Eat Just Inc., the San Francisco-based maker of plant-based egg products, raised $170 million in new funding to help expand its cell-based meat subsidiary.Funds were raised from UBS O’Connor, a hedge fund manager within UBS Asset Management, Graphene Ventures, K3 Ventures and others. The money will be used to increase Good Meat’s production capacity and accelerate research for cultivating meat from cells harvested from animals.“There are a lot of benefits to being part of the whole, but Good Meat does need dedicated capital and dedicated resources if it’s going to succeed in the way we want,” Eat Just Chief Executive Officer Josh Tetrick said in an interview. Tetrick and the company’s chief technology officer, Peter Licari, will retain leadership positions in both businesses and some employees will work in both as well.The company, which currently sells its plant-based egg products in U.S. supermarkets, also raised $200 million in a funding round in March. At the time, the company was valued at more than $1 billion, and that amount has not changed with the new funding, the company said.Last year, Eat Just became the first company to sell cultivated meat to the public when it started offering cell-grown chicken in a restaurant in Singapore; another Singapore restaurant will soon join it. Just Eat has also started selling through Foodpanda, a food and grocery delivery platform in Asia.Now, the company isaiming toramp up production and sales of the product in Singapore and, when possible, in the U.S. as well. The company plans to produce in the “thousands of pounds range” this year, Tetrick said, but added that’s “way short” of what is required.Cellular agriculture companies produce proteins like beef and chicken by growing meat from cells instead of slaughtering live animals, as opposed to companies like Beyond Meat and Impossible foods that make meat-like products out of vegetable materials.Awaiting ApprovalThe cultivated meat companies must get approval from the U.S. Department of Agriculture and the Food and Drug Administration before they can offer their products to the public. There is no public timeline for this, but industry executives have expressed optimism. Companies are currently awaiting guidance on labeling standards, which would be an important step toward retail sales.Tetrick has said the company will be ready to launch in the U.S. shortly after getting the regulatory green light. The company, which is producing cultivated chicken and beef in Northern California, is in talks with food-service and retail partners about initiating sales, he added. Upside Foods, formerly known as Memphis Meats, made a similar announcement last week.The industry, which now includes more than 70 companies globally and could make up as much as 35% of the $1.8 trillion global meat market by 2040, according to an estimate from Kearney, is expecting to draw on the same young consumers that have pushed plant-based proteins into the mainstream.Many of those consumers cite the environmental benefits of plant-based meats as a major draw to the products. While similar arguments have been made for cultivated meat, it has yet to be proven. Cultured meat will still produce emissions from heating and electricity, a recent assessment by environmental researcher CE Delft found. Based on nations’ stated power and gas policies for 2030, cultivated meat is expected to have a lower environmental impact than beef, but higher than chicken, pork and plant-based alternatives.These findings should provide more reason to move to renewable power, said Bruce Friedrich, founder and executive director of the Good Food Institute, an industry group.Customer AcceptanceSome investors have voiced concern about demand.“The uncertainty to me is consumer acceptance in the U.S. market,” said Tom Mastrobuoni, chief investment officer of Big Idea Ventures, which invests in both plant-based and cell-based companies.In a survey, Eat Just found that 72% of U.S. and 83% of Singaporean chicken consumers would consider buying cell-based chicken. The company’s educational campaign in Singapore has helped spark its success there, said Stephanie Dorsey, a founding partner at E2JDJ, a food investment firm. The company provides educational materials on menus, billboards and with Foodpanda.“It’s new at first, it’s strange, but then it becomes normalized,” she said.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4367772,"gmtCreate":1621344875774,"gmtModify":1680789499757,"authorId":3571959390768435,"author":{"id":3571959390768435,"authorId":3571959390768435,"name":"stormlee","avatar":"https://static.tigerbbs.com/80629ef9648273c0d6465aee66dbd98a","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.10.07","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":194325601,"type":1,"supId":0,"prevId":0,"content":"Comment &amp; like pls","text":"Comment &amp; like pls","html":"Comment &amp; like pls"}],"langContent":"EN"},{"id":194323161,"gmtCreate":1621344372853,"gmtModify":1704356110708,"author":{"id":"3581744586945602","authorId":"3581744586945602","authorIdStr":"3581744586945602","name":"AMz13","avatar":"https://static.tigerbbs.com/d70ea31ad456bec5534f80cc3d3ea63a","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3581744586945602"},"htmlText":"Not meat","listText":"Not meat","text":"Not meat","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/194323161","repostId":1100365249,"repostType":4,"repost":{"id":"1100365249","pubTimestamp":1621344220,"share":"https://ttm.financial/m/news/1100365249?lang=&edition=fundamental","pubTime":"2021-05-18 21:23","market":"us","language":"en","title":"Eat Just’s Cultured-Meat Unit Raises $170 Million in Funding","url":"https://stock-news.laohu8.com/highlight/detail?id=1100365249","media":"Bloomberg","summary":"Company is looking to boost production and developmentInvestors include UBS O’Connor and Graphene Ve","content":"<ul><li>Company is looking to boost production and development</li><li>Investors include UBS O’Connor and Graphene Ventures</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6b0c635055aaf014b5eb6727408e71b6\" tg-width=\"1400\" tg-height=\"1008\" referrerpolicy=\"no-referrer\"><span>Eat Just’s lab-grown chicken meat.Source: Eat Just Inc.</span></p><p>Eat Just Inc., the San Francisco-based maker of plant-based egg products, raised $170 million in new funding to help expand its cell-based meat subsidiary.</p><p>Funds were raised from&nbsp;UBS O’Connor, a hedge fund manager within UBS Asset Management, Graphene Ventures, K3 Ventures and others. The money will be used to increase Good Meat’s production capacity and accelerate research for cultivating meat from cells harvested from animals.</p><p>“There are a lot of benefits to being part of the whole, but Good Meat does need dedicated capital and dedicated resources if it’s going to succeed in the way we want,” Eat Just Chief Executive Officer Josh Tetrick said in an interview. Tetrick and the company’s chief technology officer, Peter Licari, will retain leadership positions in both businesses and some employees will work in both as well.</p><p>The company, which currently sells its plant-based egg products in U.S. supermarkets, also&nbsp;raised $200 million&nbsp;in a funding round in March. At the time, the company was valued at more than $1 billion, and that amount has not changed with the new funding, the company said.</p><p>Last year, Eat Just became the first company to sell cultivated meat to the public when it started offering cell-grown chicken in a restaurant in Singapore; another Singapore restaurant will soon join it. Just Eat has also&nbsp;started selling&nbsp;through&nbsp;Foodpanda, a food and grocery delivery platform in Asia.</p><p>Now, the company isaiming toramp up production and sales of the product in Singapore and, when possible, in the U.S. as well. The company plans to produce in the “thousands of pounds range” this year, Tetrick said, but added that’s “way short” of what is required.</p><p>Cellular agriculture companies produce proteins like beef and chicken by growing meat from cells instead of slaughtering live animals, as opposed to companies like Beyond Meat and Impossible foods that make meat-like products out of vegetable materials.</p><p><b>Awaiting Approval</b></p><p>The cultivated meat companies must get approval from the U.S. Department of Agriculture and the Food and Drug Administration before they can offer their products to the public. There is no public timeline for this, but industry executives have expressed optimism. Companies are currently awaiting guidance on labeling standards, which would be an important step toward retail sales.</p><p>Tetrick has said the company will be ready to launch in the U.S. shortly after getting the regulatory green light. The company, which is producing cultivated chicken and beef in Northern California, is in talks with food-service and retail partners about initiating sales, he added. Upside Foods, formerly known as Memphis Meats, made a similar announcement&nbsp;last week.</p><p>The industry, which now includes more than 70 companies globally and could make up as much as 35% of the $1.8 trillion global meat market by 2040, according to&nbsp;an estimate from Kearney, is expecting to draw on the same young consumers that have pushed plant-based proteins into the mainstream.</p><p>Many of those consumers cite the environmental benefits of plant-based meats as a major draw to the products. While similar arguments have been made for cultivated meat, it has yet to be proven. Cultured meat will still produce emissions from heating and electricity, a recent assessment by environmental researcher CE Delft found. Based on nations’ stated power and gas policies for 2030, cultivated meat is expected to have a lower environmental impact than beef, but higher than chicken, pork and plant-based alternatives.</p><p>These findings should provide more reason to move to renewable power, said Bruce Friedrich, founder and executive director of the Good Food Institute, an industry group.</p><p><b>Customer Acceptance</b></p><p>Some investors have voiced concern about demand.</p><p>“The uncertainty to me is consumer acceptance in the U.S. market,” said Tom Mastrobuoni, chief investment officer of Big Idea Ventures, which invests in both plant-based and cell-based companies.</p><p>In a survey, Eat Just found that 72% of U.S. and 83% of Singaporean chicken consumers would consider buying cell-based chicken. The company’s educational campaign in Singapore has helped spark its success there, said Stephanie Dorsey, a founding partner at&nbsp;E2JDJ, a food investment firm. The company provides educational materials on menus, billboards and with Foodpanda.</p><p>“It’s new at first, it’s strange, but then it becomes normalized,” she said.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Eat Just’s Cultured-Meat Unit Raises $170 Million in Funding</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEat Just’s Cultured-Meat Unit Raises $170 Million in Funding\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-18 21:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-05-18/eat-just-s-cultured-meat-unit-raises-170-million-in-funding?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Company is looking to boost production and developmentInvestors include UBS O’Connor and Graphene VenturesEat Just’s lab-grown chicken meat.Source: Eat Just Inc.Eat Just Inc., the San Francisco-based ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-05-18/eat-just-s-cultured-meat-unit-raises-170-million-in-funding?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"EATBF":"EAT & BEYOND GLOBAL HLDGS INC."},"source_url":"https://www.bloomberg.com/news/articles/2021-05-18/eat-just-s-cultured-meat-unit-raises-170-million-in-funding?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1100365249","content_text":"Company is looking to boost production and developmentInvestors include UBS O’Connor and Graphene VenturesEat Just’s lab-grown chicken meat.Source: Eat Just Inc.Eat Just Inc., the San Francisco-based maker of plant-based egg products, raised $170 million in new funding to help expand its cell-based meat subsidiary.Funds were raised from UBS O’Connor, a hedge fund manager within UBS Asset Management, Graphene Ventures, K3 Ventures and others. The money will be used to increase Good Meat’s production capacity and accelerate research for cultivating meat from cells harvested from animals.“There are a lot of benefits to being part of the whole, but Good Meat does need dedicated capital and dedicated resources if it’s going to succeed in the way we want,” Eat Just Chief Executive Officer Josh Tetrick said in an interview. Tetrick and the company’s chief technology officer, Peter Licari, will retain leadership positions in both businesses and some employees will work in both as well.The company, which currently sells its plant-based egg products in U.S. supermarkets, also raised $200 million in a funding round in March. At the time, the company was valued at more than $1 billion, and that amount has not changed with the new funding, the company said.Last year, Eat Just became the first company to sell cultivated meat to the public when it started offering cell-grown chicken in a restaurant in Singapore; another Singapore restaurant will soon join it. Just Eat has also started selling through Foodpanda, a food and grocery delivery platform in Asia.Now, the company isaiming toramp up production and sales of the product in Singapore and, when possible, in the U.S. as well. The company plans to produce in the “thousands of pounds range” this year, Tetrick said, but added that’s “way short” of what is required.Cellular agriculture companies produce proteins like beef and chicken by growing meat from cells instead of slaughtering live animals, as opposed to companies like Beyond Meat and Impossible foods that make meat-like products out of vegetable materials.Awaiting ApprovalThe cultivated meat companies must get approval from the U.S. Department of Agriculture and the Food and Drug Administration before they can offer their products to the public. There is no public timeline for this, but industry executives have expressed optimism. Companies are currently awaiting guidance on labeling standards, which would be an important step toward retail sales.Tetrick has said the company will be ready to launch in the U.S. shortly after getting the regulatory green light. The company, which is producing cultivated chicken and beef in Northern California, is in talks with food-service and retail partners about initiating sales, he added. Upside Foods, formerly known as Memphis Meats, made a similar announcement last week.The industry, which now includes more than 70 companies globally and could make up as much as 35% of the $1.8 trillion global meat market by 2040, according to an estimate from Kearney, is expecting to draw on the same young consumers that have pushed plant-based proteins into the mainstream.Many of those consumers cite the environmental benefits of plant-based meats as a major draw to the products. While similar arguments have been made for cultivated meat, it has yet to be proven. Cultured meat will still produce emissions from heating and electricity, a recent assessment by environmental researcher CE Delft found. Based on nations’ stated power and gas policies for 2030, cultivated meat is expected to have a lower environmental impact than beef, but higher than chicken, pork and plant-based alternatives.These findings should provide more reason to move to renewable power, said Bruce Friedrich, founder and executive director of the Good Food Institute, an industry group.Customer AcceptanceSome investors have voiced concern about demand.“The uncertainty to me is consumer acceptance in the U.S. market,” said Tom Mastrobuoni, chief investment officer of Big Idea Ventures, which invests in both plant-based and cell-based companies.In a survey, Eat Just found that 72% of U.S. and 83% of Singaporean chicken consumers would consider buying cell-based chicken. The company’s educational campaign in Singapore has helped spark its success there, said Stephanie Dorsey, a founding partner at E2JDJ, a food investment firm. The company provides educational materials on menus, billboards and with Foodpanda.“It’s new at first, it’s strange, but then it becomes normalized,” she said.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4367773,"gmtCreate":1621344882527,"gmtModify":1680789500540,"authorId":3571959390768435,"author":{"id":3571959390768435,"authorId":3571959390768435,"name":"stormlee","avatar":"https://static.tigerbbs.com/80629ef9648273c0d6465aee66dbd98a","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.10.07","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":194323161,"type":1,"supId":0,"prevId":0,"content":"Comment &amp; like <u>pls</u>","text":"Comment &amp; like <u>pls</u>","html":"Comment &amp; like <u>pls</u>"}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":23,"commentSize":8,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}