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BREAKING: Grounded Foods Co. Closes Oversubscribed Seed Round Led by Stray Dog Capital

BREAKING: Grounded Foods Co. Closes Oversubscribed Seed Round Led by Stray Dog Capital
Grounded Foods Co, producer of unique first-to-market cheeses created with cauliflower, today announces to vegconomist the closing of its first Series Seed round which was led by Stray Dog Capital. The round brought in $1.74M with participation from Rocana Ventures, Veg Invest Trust and members of the GlassWall Syndicate.

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The Very Good Food Company Announces Upsize Of Bought Deal Financing to the Tune of $5.2M

Very Good Butcher
The Very Good Food Company Inc, which owns The Very Good Butcher, the second plantbased meat company to go public last month, announces it has entered into an agreement with Canaccord Genuity Corp. to purchase an aggregate of 4,000,000 units at a price of $1.30 per Unit for a total offering of $5,200,000.

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Oatly Secures $200M From Blackstone Group Including Oprah Winfrey, Natalie Portman & Jay-Z

Oatly strawberry
Swedish oat milk pioneer Oatly has reportedly sold a $200 million stake to a group of investors led by Blackstone Group Inc which includes Oprah Winfrey, Natalie Portman, former Starbucks chief Howard Schultz and Jay-Z. Oatly's value now stands at roughly $2 billion according to the Dow Jones.

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Japanese Master Chef Hidekazu Tojo is Seriously Impressed with Vegan Wagyu

Japanese Master Chef Hidekazu Tojo is Seriously Impressed with Vegan Wagyu
Waygu is a vegan Wagyu - slightly confusing to the layman but reportedly highly delicious and impressive even to top Japanese chefs. A new collaboration between Canada and Japan has developed a vegan Wagyu beef product called "Waygu" which has seriously impressed world-renowned Master Chef Hidekazu Tojo.

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DuPont to "Enable Transformation of Global Eating Habits" with Plant-Based Solutions

DuPont has launched Danisco Planit to provide a wide range of plant-based solutions
Biotechnology and chemical company DuPont has launched a new brand known as Danisco Planit™. The brand is dedicated to supplying plant-based ingredients and application expertise to be used in the manufacture of sustainable foods and beverages.

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Kroger Witnesses a Staggering 75% Increase in Sales of Plant-Based Meat March - June

kale leaves forming a heart
Kroger, the largest grocery retailer in America, recently participated in a trial with PBFA to determine the effects of plant-based meat sales when placed next to animal meat. The results from Feburary showed a 23% uptake in plant-based sales and since then, Kroger reveals a continuous increase to a current 75%. Here we analyse the factors.

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Impossible Foods Recovers After COVID-19 Crisis, On Track to Increase Retail Availability 50X Throughout 2020

Impossible Burger 2.0
Since the start of the COVID-19 pandemic, Impossible Foods has expanded its grocery store footprint by more than 30X. And the food tech startup is now on track to increase retail availability 50X throughout 2020. In March, Impossible Burger was sold in only 150 grocery stores.

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COVID Increasing Demand for Plant-Based Foods in Asia, Vegan Marketplace Becoming Increasingly Competitive

Impossible Foods China Debut
The NIKKEI Asian Review has outlined how COVID-19 reinforces the demand for plant-based meat in Asia and is creating competition within the Asian market. Both new brands as well as established food producers are now competing alongside Western plantbased brands, hustling to become established in the lucrative Asian market.

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The Results are in: It's Time For Retailers to Stock Vegan Meat Products in the Meat Case

Impossible Wegmans
Following our in-depth look into a protein aisle to encompass both meat and plant protein together in the supermarket; the PBFA has stated following an intensive trial that "it is important for retailers to place plant-based meat where shoppers expect to find it: in the meat department."

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