Mark Cuban invests in plant-based protein company, but it’s not for humans

Plant-based meat products have made their way into grocery stores, restaurants, and onto kitchen tables thanks in large part to Beyond Meat and Impossible Foods. Now your pet’s food bowl is the next place you might find plant-based products. Pet ownership and spending has boomed in the U.S. amid the pandemic. Seventy percent of Americans, or roughly 90.5 million homes, now own a pet, according to the American Pet Products Association. That represents an all-time high and is up from 67% of households in 2020. In 2020, $103.6 billion was…

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The next fast-food chicken sandwich war may be a vegan one

Vegan chicken quick-serve restaurants like San Antonio, Texas-based Project Pollo are aiming directly at Chick-fil-A and its fried chicken sandwich as the plant-based meat industry rises against one of fast-food’s recent best-selling menu items. Bloomberg | Bloomberg | Getty Images In an iconic scene from 1970’s film “Five Easy Pieces,” a young Jack Nicholson orders a chicken sandwich without the chicken. The waitress is incredulous. “You want me to hold the chicken?” she retorts. Half a century later, this nix-the-chicken request would hardly register an eye-roll. While the chicken sandwich…

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Apeel doubles valuation, adds Wojcicki sisters and Michael Ovitz as investors

“Perishability is more important than ever,” says James Rogers, founder and CEO of Apeel. Apeel Apeel, a California-based company tackling global food waste, said Wednesday it raised $250 million in a Series E funding round that values the company at more than $2 billion. That’s nearly double its last reported valuation of $1.1 billion from April 2020, according to PitchBook data. The company is known for its edible substance that, when applied to the outside of harvested produce, creates an invisible shield that can double its lifespan without refrigeration. The product has…

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