Wyler Farm To Manufacture Alternative Proteins On A Commercial Scale Using Steakholder Foods' Premixes In Return For Royalties From Sales
Portfolio Pulse from Benzinga Newsdesk
Wyler Farm has entered into an agreement to manufacture alternative proteins on a commercial scale using Steakholder Foods' premixes, with Steakholder Foods receiving royalties from sales. This partnership marks a significant step for both companies in the alternative protein market.
May 13, 2024 | 12:11 pm
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Steakholder Foods entering a partnership with Wyler Farm for the commercial-scale production of alternative proteins using its premixes, in exchange for sales royalties, could significantly boost STKH's revenue and market presence in the alternative protein sector.
The partnership with Wyler Farm allows Steakholder Foods to expand its market reach and revenue through royalties, indicating a positive impact on its financial health and growth in the alternative protein market. The deal's focus on commercial-scale production suggests a significant increase in product availability and sales potential, likely leading to a positive short-term impact on STKH's stock price.
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