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Agronomics Limited Announces Meatly Launches First Cultivated Meat Dog Treat

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Agronomics (LSE:ANIC) announces that its portfolio company Meatly has launched the world's first cultivated meat dog treat, marking the first sale of cultivated meat in Europe. The 'Chick Bites' treats, produced in collaboration with THE PACK, will be available at Pets at Home Brentford, London from February 7, 2025, priced at £3.49 for 50g pouches with approximately 750 units available.

Meatly Chicken is produced from cells taken from a chicken egg and contains essential nutrients for pet health. The company plans to expand production in the next 3-5 years. Agronomics has invested £1.2 million in Meatly, currently valued at £4.5 million, representing 2.9% of Agronomics' Net Asset Value with a 25.54% equity ownership.

The pet food market is growing at 7% annually and is expected to reach £120 billion by 2026. In the UK, pets consume 22% of meat, significantly impacting environmental resources.

Agronomics (LSE:ANIC) annuncia che la sua azienda in portafoglio Meatly ha lanciato il primo snack per cani a base di carne coltivata al mondo, segnando la prima vendita di carne coltivata in Europa. I dolcetti 'Chick Bites', prodotti in collaborazione con THE PACK, saranno disponibili presso Pets at Home Brentford, Londra, a partire dal 7 febbraio 2025, al prezzo di £3.49 per confezioni da 50g con circa 750 unità disponibili.

Il pollo Meatly è prodotto da cellule prelevate da un uovo di pollo e contiene nutrienti essenziali per la salute degli animali domestici. L'azienda prevede di espandere la produzione nei prossimi 3-5 anni. Agronomics ha investito £1,2 milioni in Meatly, attualmente valutata £4,5 milioni, rappresentando il 2,9% del valore netto dell'attività di Agronomics con una partecipazione azionaria del 25,54%.

Il mercato del cibo per animali domestici sta crescendo del 7% annualmente e si prevede che raggiunga i £120 miliardi entro il 2026. Nel Regno Unito, gli animali domestici consumano il 22% della carne, influenzando significativamente le risorse ambientali.

Agronomics (LSE:ANIC) anuncia que su empresa de cartera Meatly ha lanzado la primera golosina para perros hecha de carne cultivada en el mundo, marcando la primera venta de carne cultivada en Europa. Las golosinas 'Chick Bites', producidas en colaboración con THE PACK, estarán disponibles en Pets at Home Brentford, Londres, a partir del 7 de febrero de 2025, con un precio de £3.49 por bolsas de 50 g y aproximadamente 750 unidades disponibles.

El pollo Meatly se produce a partir de células tomadas de un huevo de pollo y contiene nutrientes esenciales para la salud de las mascotas. La empresa planea expandir la producción en los próximos 3-5 años. Agronomics ha invertido £1.2 millones en Meatly, actualmente valorada en £4.5 millones, representando el 2.9% del Valor Neto de Activos de Agronomics con una propiedad accionaria del 25.54%.

El mercado de alimentos para mascotas está creciendo un 7% anualmente y se espera que alcance los £120 mil millones para 2026. En el Reino Unido, las mascotas consumen el 22% de la carne, lo que impacta significativamente los recursos ambientales.

Agronomics (LSE:ANIC)는 포트폴리오 기업인 Meatly가 세계 최초의 배양육 강아지 간식을 출시했다고 발표했으며, 이는 유럽에서 배양육의 첫 판매를 의미합니다. 'Chick Bites' 간식은 THE PACK과 협력하여 제작되었으며, 2025년 2월 7일부터 런던 Brentford의 Pets at Home에서 50g 팩당 £3.49에 약 750개 유닛이 판매될 예정입니다.

Meatly 치킨은 닭 알에서 얻은 세포로 생산되며, 반려동물 건강에 필수적인 영양소를 포함하고 있습니다. 이 회사는 향후 3-5년 내에 생산 확대를 계획하고 있습니다. Agronomics는 현재 £4.5 백만으로 평가되는 Meatly에 £1.2 백만을 투자하였으며, 이는 Agronomics의 순자산 가치의 2.9%에 해당하고 25.54%의 지분을 보유하고 있습니다.

애완동물 음식 시장은 매년 7% 성장하고 있으며, 2026년까지 £1200억에 달할 것으로 예상됩니다. 영국에서 반려동물은 전체 육류 소비의 22%를 차지하여 환경 자원에 큰 영향을 미치고 있습니다.

Agronomics (LSE:ANIC) annonce que son entreprise de portefeuille Meatly a lancé la première friandise pour chiens à base de viande cultivée au monde, marquant la première vente de viande cultivée en Europe. Les friandises 'Chick Bites', produites en collaboration avec THE PACK, seront disponibles chez Pets at Home à Brentford, Londres, à partir du 7 février 2025, au prix de £3.49 pour des sachets de 50g avec environ 750 unités disponibles.

Le poulet Meatly est produit à partir de cellules prélevées dans un œuf de poule et contient des nutriments essentiels pour la santé des animaux de compagnie. L'entreprise prévoit d'élargir sa production dans les 3 à 5 prochaines années. Agronomics a investi 1,2 million de livres dans Meatly, évaluée actuellement à 4,5 millions de livres, représentant 2,9 % de la valeur nette des actifs d'Agronomics avec une participation de 25,54 %.

Le marché de l'alimentation pour animaux de compagnie croît de 7 % par an et devrait atteindre 120 milliards de livres d'ici 2026. Au Royaume-Uni, les animaux de compagnie consomment 22 % de la viande, ce qui a un impact significatif sur les ressources environnementales.

Agronomics (LSE:ANIC) gibt bekannt, dass sein Portfoliounternehmen Meatly den weltweit ersten Hundesnack aus kultiviertem Fleisch auf den Markt gebracht hat, was den ersten Verkauf von kultiviertem Fleisch in Europa markiert. Die 'Chick Bites'-Snacks, die in Zusammenarbeit mit THE PACK hergestellt werden, werden ab dem 7. Februar 2025 in Pets at Home Brentford, London, zu einem Preis von £3.49 für 50g Packungen erhältlich sein, mit insgesamt etwa 750 Einheiten.

Meatly-Hühnchen wird aus Zellen hergestellt, die aus einem Hühnerei entnommen wurden, und enthält essentielle Nährstoffe für die Gesundheit von Haustieren. Das Unternehmen plant, die Produktion in den nächsten 3-5 Jahren auszubauen. Agronomics hat £1,2 Millionen in Meatly investiert, die derzeit mit £4,5 Millionen bewertet wird, was 2,9% des Nettovermögenswertes von Agronomics entspricht, mit einem Eigenanteil von 25,54%.

Der Markt für Haustiernahrung wächst jährlich um 7% und wird voraussichtlich bis 2026 £120 Milliarden erreichen. In Großbritannien konsumieren Haustiere 22% des Fleisches, was erhebliche Auswirkungen auf die Umweltressourcen hat.

Positive
  • First company to commercialize cultivated meat in Europe
  • Successfully launched innovative product in partnership with major retailer Pets at Home
  • Investment value increased from £1.2M to £4.5M
  • Targeting rapidly growing pet food market worth £120B by 2026
  • Successful feeding trials completed in November 2024
Negative
  • initial production run of only 750 units
  • 3-5 year timeline for broader market availability
  • Additional funding required for expansion

Agronomics Limited ("Agronomics" or the "Company")

Meatly launches the world's first cultivated meat dog treat, on sale at Pets at Home

DOUGLAS, ISLE OF MAN / ACCESS Newswire / February 7, 2025 / Agronomics (LSE:ANIC), a leading listed company in the field of clean food, is pleased to announce that its portfolio company, Good Dog Food Limited (t/a "Meatly") is the first company in the world to supply for sale cultivated meat for pet food, as well as the first company to sell cultivated meat in Europe.

Produced in collaboration with plant-based dog food brand THE PACK, a limited-release of "Chick Bites" will be on sale at Pets at Home Brentford, London from Friday 7th February 2025. The 50g pouches are on sale for £3.49, with approximately 750 units available to purchase.

Chick Bites combine plant-based ingredients with Meatly Chicken, to provide a nutritious, healthy and sustainable alternative to traditional dog treats. Pets can enjoy the same meat they need, but in a way that is kinder for animals, great-tasting and better for the planet. Meatly plans to raise additional funds to expand production and make Meatly Chicken more broadly available in the next 3-5 years, with further collaborations planned with THE PACK and Pets at Home.

Meatly Chicken is produced from a single sample of cells taken once from a chicken egg, from which enough cultivated meat can be produced to feed pets forever. Meatly chicken is just as nutritious as traditional chicken breast, containing all the essential amino acids, fatty acids, minerals and vitamins that are critical for pet health. It is also delicious, demonstrated by Meatly's successful feeding trials in November 2024.

Pets at Home - a large investor in Meatly - is the first retailer to sell pet food made from cultivated meat globally, aligning with its ambition to make pet food more sustainable by making and selling products using less carbon, land, and water.

The Pet Food Market is growing at 7% per annum globally and is expected to be worth £120 billion by 2026. The industry has a clear environmental impact: 22% of the meat currently consumed in the UK is consumed by pets, representing a significant portion of the nation's GHG emissions, resource use and pollution.

Agronomics has invested £1.2 million into Meatly since inception, which is currently carried at £4.5 million. This position accounts for approximately 2.9% of Agronomics' last stated Net Asset Value (31/12/22024). Agronomics has an equity ownership in Meatly of 25.54% on a fully diluted basis.

Owen Ensor, Founding CEO of Meatly, said: "We're incredibly excited to introduce cultivated meat to the pet world. Just two years ago this felt like a moonshot. Today we take off. It's a giant leap forward - toward a significant market for meat which is healthy, sustainable and kind to our planet and other animals. We're proud to work alongside fellow pioneers Pets at Home and THE PACK for this momentous endeavour.

It is also a day to celebrate our incredible team at Meatly. Despite only raising 1% of total European cultivated meat investment, we are the first company to sell cultivated meat in both the UK and EU. At Meatly, were proving the potential of cultivated meat, and that there is an efficient and cost-effective route to market.
And we're just getting started. Next, we'll scale our production and make products more widely available to consumers."

Jim Mellon, Agronomics' Executive Chair and investor in Meatly, added: "Industrial agriculture is not only unsustainable but also hugely inefficient, requiring far too much water, land and feed. As a result, demand from both humans and their pets, who consume a fifth of the meat we eat in the UK, is outstripping supply, and that's pushing our food systems to the limit. We need solutions like Meatly, which, along with our other portfolio companies, is showing the world how food production can be cleaner, kinder and sustainable, as well as profitable."

About Meatly
Meatly (the trading name for Good Dog Food Limited) was founded in 2022 by CEO Owen Ensor and CSO Dr Helder Cruz with backing from investor Agronomics. The company produces ethical and sustainable cultivated meat products without compromising on essential nutritional benefits. Their current focus is on the pet food market.

About Agronomics
Agronomics is a leading London-listed company focussing on investment opportunities within the field of clean food. The Company has established a portfolio of over 20 companies in this rapidly advancing sector. It seeks to invest in companies owning technologies with defensible intellectual property that offer new ways of producing food and materials with a focus on products historically derived from animals. These technologies are driving a major disruption in agriculture, offering solutions to improve sustainability, as well as addressing human health, animal welfare and environmental damage. This disruption will decouple supply chains from the environment and animals and improve food security for the world's expanding population. A full list of Agronomics' portfolio companies is available at https://agronomics.im/.

Agronomics Limited

Beaumont Cornish Limited

Canaccord Genuity Limited

Cavendish Capital Markets Limited

Peterhouse Capital Limited

33Seconds Limited

The Company

Nomad

Joint Broker

Joint Broker

Joint Broker

Public Relations

Jim Mellon

Denham Eke

Roland Cornish

James Biddle

Andrew Potts

Harry Pardoe

Alex Aylen (Head of Equities)

Giles Balleny

Michael Johnson

Lucy Williams

Charles Goodfellow

Jack Ferris

Calum Warren-Piper

+44 (0) 1624 639396

info@agronomics.im

+44 (0) 207 628 3396

+44 (0) 207 523 8000

+44 (0) 207 397 8900

+44 (0) 207 469 0936

agronomics@33seconds.co

Nominated Adviser

Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated Adviser and is authorised and regulated by the FCA. Beaumont Cornish's responsibilities as the Company's Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other persons for providing protections afforded to customers of Beaumont Cornish nor for advising them in relation to the proposed arrangements described in this announcement or any matter referred to in it.

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

SOURCE: Agronomics Limited



View the original press release on ACCESS Newswire

FAQ

When will Meatly's cultivated meat dog treats be available at Pets at Home?

Meatly's Chick Bites will be available at Pets at Home Brentford, London from February 7, 2025.

How much does Agronomics (AGNMF) own of Meatly?

Agronomics owns 25.54% of Meatly on a fully diluted basis.

What is the current valuation of Agronomics' investment in Meatly?

Agronomics' £1.2 million investment in Meatly is currently valued at £4.5 million, representing 2.9% of their Net Asset Value.

How much will Meatly's Chick Bites dog treats cost?

Meatly's Chick Bites will be sold in 50g pouches for £3.49.

What is the expected timeline for Meatly's expanded production?

Meatly plans to expand production and make their products more broadly available in the next 3-5 years.

What percentage of UK meat consumption is attributed to pets?

Pets consume 22% of the meat in the UK.

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