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.
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