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OPINION: Your canine crusader is not surprised by the recent news that New Zealand plant-based ‘fake meat’ business is in the process of shutting down.
Sunfed’s founder and chief executive Sukul Lee conceded that the “plant-based bubble” had burst and investors were no longer keen to support the company.
The business started in 2015 and aimed to provide ‘nonmeat alternatives’.
However, Lee admitted it had not been able to move to a position where it had a positive cashflow.
Venture Capital investors started to pull back and existing venture capital investors were no longer interested in supporting the business.
Lee also conceded that investors had jumped into a “plant-based gold rush” thinking they would see valuations increase quickly.
She said the “plant-based bubble” had now burst and the category was “undergoing a reality check”.
Who would have picked this happening?
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As calving approaches, farmers need to get their teams ready for what lies ahead in the coming months.
Feeling sluggish this winter? Then try some seasonal fruit, renowned for lifting mood, energy and immunity levels just when we need it most.
The missing link in getting maximum weight gain in your calves may be as simple as keeping them warm, says the Christchurch manufacturer of a range of woollen covers for young livestock.
Rural Women New Zealand (RWNZ) and Massey University are joining forces to help raise awareness and funds to combat leptospirosis.
Auckland-based supplement and nutritional company New Image International is celebrating 40 years of business in their home country.
OPINION: In 2021 a group of prominent academics got ’cancelled’ for daring to oppose changes to the school curriculum that…
OPINION: On top of the rural banking inquiry, several as-yet-unnamed banks are facing a complaint to the Financial Markets Authority…
