Impossible Foods said Monday it has raised $300 million in its latest funding round. The company’s announcement follows the initial public offering of Beyond Meat. Its rival’s stock has surged 173% since its debut May 2. Impossible Foods has raised more than $750 million, with help from investors like Bill Gates, Google Ventures and Serena Williams. Sales
of plant-based products grew by more than 17% last year, according to
Nielsen, while other grocery products only grew by 2%. While the FDA only approved its key ingredient to sell its uncooked
Impossible Burgers on grocery shelves this year, it has been in
restaurants since 2016. Recently, Restaurant Brands International
announced plans to take its Impossible Whopper — Burger King’s
signature sandwich made with the bleeding vegan patty — nationwide after
testing it in April..MORE
Issues of concern to people who live in the west: property rights, water rights, endangered species, livestock grazing, energy production, wilderness and western agriculture. Plus a few items on western history, western literature and the sport of rodeo... Frank DuBois served as the NM Secretary of Agriculture from 1988 to 2003. DuBois is a former legislative assistant to a U.S. Senator, a Deputy Assistant Secretary of Interior, and is the founder of the DuBois Rodeo Scholarship.
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Here is the stated goal of Impossible Foods............
"The company’s goal is to eliminate the need for animals in the food chain by 2035."
Impossible Foods or their twin Beyond Beef are NOT your friends or the friends of good health or improving the environment.
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Regards
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