Meati Foods Opens 'Mega Ranch' Production Facility
Meati Foods, which produces animal-free, whole-food protein made from mushroom root, announced its newly-opened industrial-scale production facility in Thornton, Colo., in part financed by its oversubscribed Series C round which brings total funding to date to more than $250 million. Dubbed the "Mega Ranch," the fully integrated, resource-efficient manufacturing operation is expected to cultivate Meati at an annual rate of tens of millions of pounds by late 2023, making it a producer of animal-free meat at a scale that will match and often exceed that of the United States' largest individual animal-based ranches, the company states.
“Investors and consumers recognize that Meati is a new, differentiated food. They only need to read our simple ingredient list and taste Meati to recognize that this is the cut-through option people have been waiting for – something they absolutely see weekly if not daily on their plates,” says Tyler Huggins, CEO and co-founder of Meati Foods. “Our belief that nature already has the answer to many of today’s challenges allowed us to unlock a new food with Meati at a time when consumers are demanding something different and better. Meati delivers an unparalleled food with its taste, texture, nutrition and purity, and we’re thrilled to open this first and subsequent phases of the resource-efficient ‘Mega Ranch’ facility to help even more consumers add it to their diets.”