Bullchart1 wrote: Yep... not sure many have read what this company is really involved in. As the US sector jumps on board, this move the last couple days will seem small. There is a reason EATS is out pasing the others today..
This news release puts a different target on this one...
EAT BEYOND PORTFOLIO COMPANY EAT JUST IS THE FIRST TO EARN NATIONAL APPROVAL FOR CULTURED MEAT IN SINGAPORE
Eat Beyond Global Holdings Inc. portfolio company Eat Just Inc., a San Francisco-based food technology company that produces meat and egg substitutes, has been approved to sell its laboratory-grown chicken product in Singapore. Singapore is the first government to allow the sale of cultured meat.
"Cellular agriculture technology makes it possible to produce meat without the need to actually slaughter any animals," said Patrick Morris, chief executive officer of Eat Beyond. "The end product is very similar, but it is made without the vast inputs and negative externalities associated with modern factory farming. Singapore's small geographic footprint and advanced economy have made it a hotbed for cellular agriculture and food tech innovation, and truly the global leader."
Singapore's government is aiming to shift its food production so that 30% of food demand will be met by local agricultural production in the next decade. At present, Singapore's 5.7 million people are highly reliant on other nations, with only 10% of food being produced domestically.
Gringotts wrote: The profit taking is almost over. Hopefully we see a healthy bounce in share price this afternoon.