Agronomics Ltd - Isle of Man-based venture capital firm, with investments in the cellular agriculture field - Says portfolio company SuperMeat The Essence of Meat Ltd has met Kosher standards for its chicken cell line. Says this is the first time cultivated poultry has been recognised as Kosher. Says development opens up a "considerable global market opportunity" within the Kosher market. Agronomics has invested USD12.5 million in SuperMeat and has a 7.8% equity ownership.
Agronomics Co-Founder & Executive Director Jim Mellon says: "We are delighted that our portfolio company, SuperMeat, is paving the way for cultivated meat products to achieve kosher certification. This demonstrates the cutting-edge nature of SuperMeat's technology, as well as Agronomic's ability to identify the leading innovators in cultivated agriculture. "
Current stock price: up 2.1% at 9.95 pence on Thursday
12-month change: down 38%
By Sabrina Penty; Alliance News reporter
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