In North Carolina, cultivated meat producer UPSIDE Foods has withdrawn from a previously announced agreement to acquire the production facility of bankrupt peer, Believer Meats. The stalking horse bid, worth $50 million, was announced in June. According to AgFunderNews, conditions of the deal were not met. The purchase agreement allowed UPSIDE to terminate under several circumstances, […]
In California, UPSIDE Foods has submitted a $50 million stalking horse bid to acquire key U.S. assets of bankrupt cultivated meat company Believer Meats, according to North Carolina court filings. Believer Meats, formerly Future Meat Technologies, shut down operations last year and entered receivership after raising nearly $400 million from investors including major food industry […]
In Indiana, UPSIDE Foods served cultivated chicken sandwiches during the recent Indianapolis 500 as it called the state’s upcoming ban on such products “un-American.” Indiana’s ban on cultivated meat sales is slated to begin July 1. According to CultivatedX, UPSIDE Foods said in a social media post that it is “here to defend your right […]
In Miami, cultivated meat pioneer UPSIDE Foods is planning a cultivated chicken tasting on June 27, just days before a Florida ban on the product goes into effect. UPSIDE has not disclosed the location, but interested parties can contact [email protected] for more information. Mika Leon, a celebrity chef and owner of Caja Caliente, will prepare […]
