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Atlast Food gets $40M for its bacon alternative

Dive Brief: Atlast Food Co., which makes alternatives to bacon out of mushroom mycelium through its MyEats brand, raised $40 million to develop and supply whole-cut meat alternatives to partners worldwide through development and scaling its technology. Atlast President Stephen Lomnes said the company is currently building the nation s largest mycelium production facility. Viking Global Investors led the funding round. It was joined by 40 North, AiiM Partners, Senator Investment Group, Stray Dog Capital and the Footprint Coalition. Leaders and founders from different food and CPG companies, including Applegate, Stonyfield and Whole Foods, also participated. Atlast is one of a handful of companies that use mushroom mycelium the fungus long roots   to make whole cut meat alternatives instead of the ground varieties made by most plant-based meat companies. The company s MyBacon has been on the market in the area near its Albany, New York, home since last November, and Atlast said

Beyond Meat CFO Mark Nelson to retire in May, to remain a consultant

(Reuters) - Beyond Meat Inc said on Monday Chief Financial Officer Mark Nelson, who played a key role in the plant-based patty maker s blockbuster public listing in 2019, will retire in May. The retirement was voluntary and not a result of any disagreement or on any matter relating to its operations, policies or practices, the company said. Nelson, who joined Beyond Meat in December 2015, will retire on May 5, but will remain as a consultant until May 5, 2023. The company s shares have jumped six fold under Nelson s watch since the IPO, but he has courted controversy after being named in a fraud claims lawsuit filed by Don Lee Farms, a former Beyond Meat supplier.

Beyond Meat CFO Mark Nelson to retire

Beyond Meat CFO Mark Nelson to retire
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2 in 10 Malaysians googled for chocolate in 2020, the most in SEA

Culture Chocolate is comfort without words, as author Ursula Kohaupt once said. And during the pandemic, those words couldn t have been more true. As people are trapped indoors, having to shield themselves and their loved ones from COVID-19, we all look to other things for comfort. Southeast Asia really sought comfort in chocolate in 2020. In pre-pandemic times, online searches for chocolate in Southeast Asia would normally spike in the months of February and March (Valentine s Day and Lunar New Year). The number of chocolate searches would slowly dip by April, and then rise again in October (Halloween) and December (Christmas).

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