REG - Seed Innovations Ltd - Portfolio Update

Seed InnovationsAnnouncement

08/10/2024 07:30

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RNS Number : 3353H  Seed Innovations Limited  08 October 2024

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) No. 596/2014, as it forms part of UK Domestic
Law by virtue of the European Union (Withdrawal) Act 2018. Upon the
publication of this announcement, this inside information is now considered to
be in the public domain.

 

 

8 October 2024

SEED Innovations Limited

("SEED" or the "Company")

 

Investee Company Update: Clean Food Group

 

Clean Food Group partners with THG LABS to transform cosmetics industry

 

SEED Innovations Ltd, the AIM-quoted investment company offering exposure to
disruptive, high-growth, life sciences and technology ventures typically
inaccessible to everyday investors, is pleased to note an announcement from
its investee company Clean Food Group Ltd ("Clean Food Group" or "CFG"), a
UK-based food-tech business delivering sustainable oils and fats solutions to
the world's food and cosmetics manufacturers, with regards to its partnership
with THG LABS, a UK-based global cosmetics product developer and manufacturer
for world-leading beauty brands.

 

SEED's decision to invest in CFG was driven by the quality of its proprietary,
CleanOilCell™, technology platform, which uses proven, scalable, non-GMO
yeast strains and food waste as its food source to deliver sustainable
alternatives to traditional oil and fat ingredients. This coupled with the
excellent management team, huge market potential and green credentials were
pivotal factors in investing.

 

SEED owns 7,161,336 shares in CFG representing 4.6% of CFG on a fully diluted
basis.

 

Commenting on the announcement, Alfredo Pascual, Director of Investment
Research at SEED, said: "We are delighted to see the partnership between Clean
Food Group and THG LABS, a leading end-to-end service UK cosmetics
manufacturer, come to fruition. This collaboration could significantly impact
the cosmetics sector by introducing innovative and sustainable oil
alternatives, helping to reduce the industry's reliance on environmentally
harmful ingredients like traditionally agriculturally intense  oils. With the
global cosmetics market valued at circa US$374 billion in 2023 and projected
to nearly double by 2032, this partnership is well timed to meet the growing
demand for sustainable solutions."*

 

The following announcement is set out without material changes or adjustments
and the announcement in full can be accessed from the following link: Clean
Food Group Partnership

 

Clean Food Group partners with THG LABS to harness the power of

cutting-edge oils and fats technology powered by food waste, to drive

innovation and sustainability in the cosmetics industry

 

8th October 2024: Pioneering UK-based bio-tech business Clean Food Group is
pleased to announce an exciting strategic partnership with leading cosmetics
product development and manufacturer THG LABS to create revolutionary new raw
materials, starting with a low impact, high-performance oil, for use in beauty
and personal care products.

 

Providing the cosmetics industry with more sustainable, effective, and
responsible bio-equivalent alternatives to commonly used, more agriculturally
intensive ingredients, the partnership will see the transformation of food
waste into new and valuable resources for the cosmetics industry.

 

This collaboration leverages the expertise of THG LABS Innovation and R&D
teams, drawing on their extensive insight from over 30 years of experience in
creating award-winning skincare, haircare and suncare, as the manufacturing
partner of choice for world-leading beauty brands. Their support will guide
the innovation and directly influence the cosmetic product pipeline.

 

Professor Chris Chuck, Technical Lead, Clean Food Group said "We are delighted
to be collaborating with THG LABS, as a leading innovator and full-service
manufacturer in the cosmetics industry. With the help of THG LABS, we are
excited to bring to market a range of science-led cosmetics and personal care
products that put sustainability at their core."

 

Kristal Goodman, Head of Product Innovation, THG LABS said "Building on THG
LABS passion for biotech and commitment to a more sustainable future, we are
thrilled to be collaborating with Clean Food Group on a new era of innovation
in sustainability. We're constantly challenging ourselves to improve the
environmental impact of our products, not only within the manufacturing
facility but also in the supply chain of our raw materials."

 

The genesis for the partnership came after eight years of pioneering research
led by Professor Chris Chuck, Technical Lead at Clean Food Group. The
proprietary technology platform uses proven, scalable non-GMO yeast strains
and fermentation technology and harnesses bread waste as its food source, to
deliver sustainable alternatives to traditional oil and fat ingredients.

 

"The work carried out by Professor Chris Chuck and his team has inspired a
journey to explore the full potential of Clean Food Group's revolutionary
technology, with the Innovation team at THG LABS championing this project and
helping to drive progress with more sustainable solutions for the cosmetics
industry," said Goodman.

 

End of CFG's announcement

- Ends -

 

 

 

For further information on the Company please visit: www.seedinnovations.co
(http://www.seedinnovations.com/) or contact:

 

  Ed McDermott       SEED Innovations Ltd             E: info@seedinnovations.co 

 Lance de Jersey                                       
 James Biddle        Beaumont Cornish Limited,        T: (0)20 7628 3396

 Roland Cornish      Nomad                             
 Isabella Pierre     Shard Capital Partners LLP       T: (0)20 7186 9927

 Damon Heath         Broker
 Ana Ribeiro         St Brides Partners Ltd,          E: seed@stbridespartners.co.uk

 Isabel de Salis     Financial PR

 

Notes

 

Seed Innovations Ltd

SEED Innovations is an AIM quoted investment company focused primarily on
disruptive high growth life sciences and technology businesses particularly
within the medical cannabis arena. The Company's strategy is to identify
early-stage opportunities that have an upcoming investment catalyst and grow
its portfolio in terms of value whilst limiting the number of investee
companies to a level where relevant time can be devoted to each.

 

About Clean Food Group

Clean Food Group is a UK-based food-tech business delivering sustainable oils
and fats solutions to the world's food and cosmetics manufacturers, with the
mission to deliver scalable, healthier, competitively priced ingredients that
have a positive impact on the economic, environmental, and social health of
the planet.

 

Clean Food Group, founded by a team with key experience in growing biotech,
food industry and retail businesses, is backed by established venture capital
and family office investors with track records in supporting fast-growth
start-up companies in highly regulated industries. Clean Food Group's
proprietary technology platform has been developed as a result of 8 years
pioneering research by Professor Chris Chuck, technical lead at Clean Food
Group and the University of Bath.

 

About THG LABS

THG LABS is a UK-based global cosmetics product developer and manufacturer for
world-leading beauty brands across skincare, suncare, haircare, body care, and
fragrance. With expertise in Innovation, R&D, Packaging Development,
Design, Process and Production, THG LABS' end-to-end service project
management offers clients support and solutions at every stage of the product
journey.

 

 

*Source: https://www.fortunebusinessinsights.com/cosmetics-market-102614

 

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