RCS - Agronomics Limited - Meatly Creates Cans of Cultivated Pet Food

AgronomicsAnnouncement

18/03/2024 07:00

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RNS Number : 1402H  Agronomics Limited  18 March 2024

18 March 2024

Agronomics Limited

("Agronomics" or the "Company")

Meatly Creates the World's First Cans of Cultivated Pet Food Through
Partnership

with Omni

 

Agronomics (LSE: ANIC), a leading listed company focused on the field of
cellular agriculture, is pleased to announce that portfolio company Good Dog
Food Ltd (trading as "Meatly") has created the world's first cans of pet food
that use cultivated chicken as a protein source. The product was created in
collaboration with Meatly's first brand partner Omni Pet Ltd ("Omni"), a
fast-growing novel protein pet food company in the UK, founded by veterinarian
Dr Guy Sandelowsky.

 

Omni has achieved more than £2 million in sales to date selling dog food
crafted from pulse, algae and yeast protein. The use of Meatly's cruelty-free
chicken ingredient marks an important step in the mission of both companies to
offer ethical and more environmentally friendly and healthy products for pets.

 

Once its product has been granted regulatory approval, Meatly-produced pet
food will be made available in shops across the country through partnerships
with retailers and manufacturers like Omni. As an early investor in Meatly,
Pets at Home Limited plans to be the first retailer to offer these products in
its stores.

 

Formerly known as 'Good Dog Food', the cultivated meat company rebranded as
Meatly in November 2023 and has been working with the UK's Food Standards
Agency and the Department for Environment Food & Rural Affairs to obtain
approval for its cultivated chicken pet food to become available to buy in the
UK.

 

Owen Ensor, Co-founder and CEO of Meatly, said:

 

"It is incredibly exciting to see the first ever cans of cultivated pet food
fly off the production line. This is a major milestone for cultivated meat
globally and shows that we are ready to sell product."

 

"As demand continues to grow, with pet food already accounting for 20% of meat
produced globally, so too

does the industry's environmental impact. Cultivated meat gives pet parents an
easy choice - high-quality,

tasty, nutritious, and sustainable pet food. We're thrilled to work with
innovative companies like Omni to

make this a reality as soon as possible."

 

Jim Mellon, Agronomics' Executive Chairman added:

 

"This partnership shows the rapid progress Meatly has made in a very short
period of time.  Founded only 2 years ago, and with minimal capital, the
company has now demonstrated it is ready to bring its product to market with
key partners in the pet food industry. While regulatory approval has taken
longer than anticipated, we are optimistic that Meatly's work with the
governing authorities will be able to accelerate the timeline and launch its
product shortly after."

 

About Meatly

Meatly (previously known as Good Dog Food) 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. Its current focus is
on the pet food market. Learn more at http://meatly.pet (http://meatly.pet) .

 

About Agronomics

Agronomics is a leading listed company focussing on investment opportunities
within the field of cellular agriculture. 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 ingredients with a focus on products
historically derived from animals. These technologies are driving a major
disruption in agriculture, offering solutions to improve sustainability and
address human health, food security, and animal welfare. A full list of
Agronomics' portfolio companies is available at https://agronomics.im/
(https://agronomics.im/) .

 

 

 Agronomics           Beaumont              Canaccord Genuity Limited  Cavendish Capital Markets Limited  Peterhouse Capital    SEC Newgate

 Limited              Cornish Limited                                                                     Limited
 The Company          Nomad                 Joint Broker               Joint Broker                       Joint Broker          Public Relations
 Jim Mellon           Roland Cornish        Andrew Potts               Giles Balleny                      Lucy Williams         Bob Huxford

 Anthony Hughes
 Denham Eke           James Biddle          Harry Pardoe               Michael Johnson                    Charles Goodfellow

                                            Alex Aylen                 Charlie Combe
 +44 (0) 1624 639396  +44 (0) 207 628 3396  +44 (0) 207 523 8000       +44 (0) 207 397 8900               +44 (0) 207 469 0936  agronomics@secnewgate.co.uk

 info@agronomics.im

 

 

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