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Top Stories of the Vegan Business World

Oatly Commences Hotly Anticipated IPO With $10Bn Target Valuation

Toni Petersson, CEO Oatly.
Oatly Group AB announces today Tues 11th May that it has commenced its IPO of 84,376,000 American Depositary Shares, each representing one ordinary share offered by Oatly and certain selling shareholders. Around 20 million of those shares were from existing investors, who include Oprah Winfrey, Natalie Portman and Jay-Z. Oatly will list its shares under “OTLY” on Nasdaq.

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Globally Local - World's First Publicly Listed Vegan Fast Food Chain - Announces First 5 of 20 New Locations

Globally Local - World's First Publicly Listed Vegan Fast Food Chain - Announces First 5 of 20 New Locations
After becoming the first vegan fast-food chain to be publicly listed, Canada’s Globally Local has announced plans to open five new Ontario restaurant locations in Summer 2021. Additionally - subject to policies of the Toronto Stock Exchange’s Venture Exchange - certain consultants of the parent company Globally Local Technologies have been granted 150,000 options ‎to ‎purchase common shares of the company. The 150,000 share options offered by the company will be exercisable at $1.55 per share for a term of two years.

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DX Ventures Invests in Bluu Biosciences to Bring Cell-Based Fish into Kitchens & Restaurants Across Europe

Bluu Biosciences founders
Delivery Hero-backed DX Ventures has become a shareholder in Bluu Biosciences, the first company in Europe to specialize in the development and production of cell-based fish using advanced biotechnology. The production of cell-based fish, unlike commercial fishing, does not harm cthe ecosystem and can be done at competitive prices, making a critical contribution to global animal protein supply security in the future.

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GFI's State of the Industry Report Reveals We Are "Closer to Realizing a World Where Alternative Proteins Are No Longer Alternative"

GFI State of Industry Report
The Good Food Institute (GFI) has released its authoritative State of the Industry annual reports covering the plant-based, cellular agriculture and fermentation sectors with revealing results. The reports show that 2020 was the biggest year to date for sustainable protein company launches, private investments, and retail sales, confirming 2020 as a “record period of investment” for alt protein.

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Founder Turns His Back on Wall Street to Open LA Vegan Burger Joint

Honeybee Burger
California’s Honeybee Burger has revealed big plans to become a major player in the vegan fast-food sector, following an oversubscribed $1 million crowdfunding drive. Set up by former Wall Street veteran Adam Weiss, the sustainably-minded brand hopes to challenge not only plant-based rivals but industry giants such as Burger King and McDonald's.

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Sustainability Platform abillion Reveals World’s Top 10 Vegan Frozen Meals

abillion hacendado pizza
Digital platform abillion, which promotes plant-based eating and sustainability, has revealed the top frozen vegan meals worldwide based on user-submitted reviews. Number of reviews, scores, and consumer sentiment were used to determine the most popular.

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UK: Violife Launches Vegan BBQ Pack in Time For Summer

UK: Violife Launches Vegan BBQ Pack in Time For Summer
The new Vegan BBQ Pack from Violife features three vegan cheese alternatives, including new and exclusive BBQ Slices, launching in the UK specifically for summer 2021. Also included are two of Violife's favourites: Violife Greek White and Violife Mediterranean Style Block, as well as vegan recipe and BBQ tips. Exclusive to the Vegan BBQ Pack, the BBQ slices are sweet …

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Fighters, Visionaries and Cowards: Oh My!

elysabeth PBM
Every week, Plant-based Business Consultant Elysabeth Alfano breaks down the headlines with her review and analysis in the Plantbased Business Minute.  The following is for the week ending May 7, 2021.

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