Eat Beyond
Portfolio Company
Eat Just is World's First to Have its Lab-Grown Meat Served in a
Restaurant
Vancouver, B.C. –
December 29, 2020 -- InvestorsHub NewsWire
-- Eat
Beyond Global Holdings Inc.
(CSE:
EATS)
(OTCPK:
EATBF)
(FSE:
988)
("Eat
Beyond" or
the "Company"),
an investment issuer focused on the global plant-based
and alternative
food sector, is announcing that
its portfolio company, San Francisco-based
Eat Just Inc. ("Eat
Just"),
is the world's first company to have its lab-grown meat served in a
restaurant.
Eat
Just is a food tech company that produces
meat and egg substitutes, and recently became the first company
approved to sell its lab-grown chicken product, GOOD Meat Cultured
Chicken, in Singapore. Singapore is the first government to allow
the sale of cultured meat.
The
chicken will be served at restaurant 1880 in Singapore as a part of
a trio of sample dishes that will sell for approximately
$23.
"Eat Just is paving
the way for the cellular agriculture industry, which has the
potential to completely transform our food systems today to make
them more sustainable and humane," said Patrick Morris, CEO of Eat
Beyond. "Singapore is a market that we have been watching closely
and it is truly leading the way by driving forward with the
adoption of this technology. With the country's small geographic
footprint, it should come as no surprise that the country is
seeking alternatives to traditional agriculture."
Singapore's
government is aiming to have 30% of its food demand met by local
agricultural production in the next decade, and its strategy to do
so incorporates technology such as cellular agriculture.
"The end product,
cultured meat, is still fairly expensive as production costs are
high, but once the cost of production can be decreased, I believe
that we will see this industry grow rapidly in the near future, it
is only a matter of time," added Morris.
Eat Beyond is
committed to working closely and taking a hands-on approach to
driving the growth of its portfolio companies, including Eat
Just.
Eat Beyond's
portfolio also includes two additional cellular agriculture
companies. TurtleTree Labs, which is recreating the full
composition, functionality, and taste of milk by developing the
technology to produce the unique components of milk sustainably;
and SingCell, which offers a proprietary platform to enable global
alternative meat companies to develop scalable processes for clean
meat manufacturing.
About Eat Beyond Global Holdings
Eat Beyond Global Holdings Inc. ("Eat
Beyond") (CSE:
EATS)
(OTCPK:
EATBF)
(FSE:
988) is
an investment issuer that makes it easy to invest in the future of
food. Eat Beyond identifies and makes equity investments in global
companies that are developing and commercializing innovative food
tech as well as plant-based and alternative food products. Led by a
team of food industry experts, Eat Beyond is the first issuer of
its kind in Canada, providing retail investors with the unique
opportunity to participate in the growth of a broad cross-section
of opportunities in the alternative food sector, and access
companies that are leading the charge toward a smarter, more secure food
supply. Learn more: https://eatbeyondglobal.com/
Find Eat Beyond on
Social Media on LinkedIn, Instagram, Twitter
and Facebook
For media
inquiries, please contact: Brittany@Exvera.com
For investment
inquiries, please contact: Info@Eatbeyondglobal.com
For
further information, please contact Cindy Chiu at
Info@Eatbeyondglobal.com or
(236) 521-6499
