Agronomics Limited Investee Company Update: Good Dog Food
13 Novembro 2023 - 4:00AM
RNS Non-Regulatory
TIDMANIC
Agronomics Limited
13 November 2023
13 November 2023
Agronomics Limited
("Agronomics" or the "Company")
'Good Dog Food' becomes 'Meatly' in preparation for UK product
launch
Agronomics (ANIC:LSE), the leading listed company focused on the
field of cellular agriculture, is pleased to announce that
portfolio company Good Dog Food Ltd has rebranded and will now be
trading as 'Meatly' in preparation for its upcoming UK product
launch.
Since its launch in 2022, Meatly's team of leading scientists
has been working to produce ethical and sustainable cultivated meat
for pets without compromising on essential nutritional benefits.
The team makes real meat, without animals.
Agronomics has invested GBP1.2 million into Meatly since
inception, which is currently carried at GBP4.95 million. This
position accounts for approximately 2.9% of Agronomics last
published Net Asset Value (30/09/23) , including post-balance sheet
adjustments. Agronomics has an equity ownership of 40.7% on a fully
diluted basis.
As part of the rebrand, Meatly has launched a new
consumer-facing website, www.meatly.pet
CEO Owen Ensor, said: "We're thrilled to announce our rebrand to
Meatly, in what marks an exciting new chapter for us as a team and
brand. We chose the name 'Meatly' because we wanted to celebrate
the fact that that is real meat, made the new way. Our hope is that
Meatly will quickly become a household name, loved by pets and pet
parents alike, and recognised as the choice for healthy,
sustainable, delicious pet food."
"Our pets love meat, but old-fashioned meat, produced through
factory farming, requires a huge amount of land, water and
antibiotics and is a key cause of environmental degradation. We
need cultivated meat now more than ever. Pet food is the natural
starting point, given consumers' excitement. We're thrilled to be
at the heart of the future of meat production in the UK."
For more information on the status of Meatly production and
product availability, please visit the Meatly website:
www.meatly.pet
About Meatly
Meatly (previously known as Good Dog Food) was founded in 2022
by CEO Owen Ensor and CSO Helder Cruz with backing from investor
Agronomics. The company works to produce ethical and sustainable
cultivated meat products for pets without compromising on essential
nutritional benefits.
About Agronomics
Agronomics is the leading listed venture capital firm with a
focus on cellular agriculture. The Company has established a
portfolio of over 20 companies at the Pre-Seed to Series C stage in
this rapidly advancing sector. It seeks to secure minority stakes
in companies owning technologies with defensible intellectual
property that offer new ways of producing food and materials with a
focus on products historically derived from animals. These
technologies are driving a major disruption in agriculture,
offering solutions to improve sustainability, as well as addressing
human health, animal welfare and environmental damage. This
disruption will decouple supply chains from the environment and
animals, as well as being fundamental to feeding the world's
expanding population.
About Cellular Agriculture
Cellular Agriculture is the production of agriculture products
directly from cells, as opposed to raising an animal for slaughter
or growing crops. This encompasses cell culture to produce
cultivated meat and materials, and fermentation processes that
harness a combination of molecular biology, synthetic biology,
tissue engineering and biotechnology to massively simplify
production methods in a sustainable manner.
Over the coming decades, the source of the world's food supply
traditionally derived from conventional agriculture is going to
change dramatically. We have already witnessed the first wave of
this shift with the consumer adoption of plant-based alternative
proteins but today, we are on the cusp of an even bigger wave of
change. This is being facilitated by advances in cellular
agriculture. This change is necessary, given scientists' claims
that if we maintain existing animal protein consumption patterns,
then we will not meet the Paris Agreement's goal of limiting
warming to 1.5 .
AT Kearney, a global consultancy firm, projects that cultivated
meat's market share will reach 35% by 2040. This combined with the
Good Food Institute's estimate that a US $1.8 trillion investment
will be required in order to produce just 10% of the world's
protein using this technology, means that we are on the cusp of a
multi-decade flow of capital to build out manufacturing facilities.
Funding in the field of cellular agriculture is accelerating,
however, still, less than US$ 5 billion has been invested worldwide
since the industry's inception in 2016.
For further information please contact:
Agronomics Beaumont Canaccord Cavendish Peterhouse SEC Newgate
Limited Cornish Genuity Securities Capital
Limited Limited Plc Limited
The Company Nomad Joint Broker Joint Broker Joint Broker Public Relations
========== ============ =============== =============== =============================
Richard Reed Roland Andrew Giles Balleny Lucy Williams Bob Huxford
Denham Eke Cornish Potts Michael Charles George Esmond
James Harry Rees Johnson Goodfellow Anthony Hughes
Biddle Alex Aylen Alice Cho
(Head of
Equities)
========== ============ =============== =============== =============================
+44 (0) 1624 +44 (0) +44 (0) +44 (0) +44 (0)
639396 207 628 207 523 207 397 207 469
info@agronomics.im 3396 8000 8900 0936 agronomics@secnewgate.co.uk
========== ============ =============== =============== =============================
This information is provided by Reach, the non-regulatory press
release distribution service of RNS, part of the London Stock
Exchange. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
NRADZMMMLGKGFZM
(END) Dow Jones Newswires
November 13, 2023 02:00 ET (07:00 GMT)
Port Erin (LSE:PEBI)
Gráfico Histórico do Ativo
De Abr 2024 até Mai 2024
Port Erin (LSE:PEBI)
Gráfico Histórico do Ativo
De Mai 2023 até Mai 2024