![It plans on producing tens of millions of pounds of fungus-based meat from its 'Mega Ranch' facility meat](https://i0.wp.com/thespoon.tech/wp-content/uploads/2022/03/CHICKEN_CRISPY_SANDWICH_MACRO_2156_BYH_FINAL.jpg?fit=1200%2C800&ssl=1)
Meati Foods, a producer of plant-based whole-food protein made from mycelium, announced the opening of its largest-yet production facility in Thornton, Colorado. The 100 thousand foot facility, dubbed the “Mega Ranch,” is expected to hit a production rate that could produce tens of millions of pounds of the startup’s fungi-derived meat product by late 2023.
The funding for the new facility comes in the form of a $150 million Series C raised last year and a recent $22 million extension round. The company’s total funding to date is more than $250 million.
![It plans on producing tens of millions of pounds of fungus-based meat from its 'Mega Ranch' facility It plans on producing tens of millions of pounds of fungus-based meat from its 'Mega Ranch' facility Meati Is Building An 80000 Square Foot Whole Cut Fungi Meat Factory](https://www.greenqueen.com.hk/wp-content/uploads/2021/07/Meati-Is-Building-An-80000-Square-Foot-Whole-Cut-Fungi-Meat-Factory.jpg)
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