Eat Beyond Portfolio Company Eat Just is the First to Earn National
Approval for Cultured Meat in Singapore
Eat Just
Inc. is a global leader with its process of making clean,
sustainable meat and eggs
Vancouver, B.C. – December
4,
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, Eat Just
Inc., a
San Francisco-based food tech company that produces meat and egg
substitutes, has been approved to sell its lab-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, CEO 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.
"Lab-grown meat is
more humane and sustainable and doesn't require large amounts of
land as traditional agriculture does. The next challenge that
must be
overcome in this industry is to work out how to reduce the cost of
production, as it is currently still very expensive to produce
these products," added Morris. "I believe that we will see this
breakthrough in the near future, it's just a matter of
time."
Eat Just, is
currently a private company, but has expressed that it plans to
pursue an initial public offering in the U.S. Eat Beyond is
committed to working closely with its portfolio companies and is
very hands-on, offering support, sharing industry connections, and providing
expertise.
Eat
Beyond's
portfolio also
includes TurtleTree Labs and SingCell. TurtleTree is recreating the full
composition, functionality, and taste of milk by developing the
technology to produce the unique components of milk sustainably as well as
integrating those components into products. SingCell 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
