A major player in the cultivated meat space is closing up shop.
Dutch-based Meatable is winding down operations. According to reports, the company was unable to raise the necessary funding to continue operations.
Meatable was founded in 2018 and produced fake meat through stem cells, creating products that imitate pork sausage and dumplings.
Earlier this year, Florida Governor Ron DeSantis took a swing at fake meat. He signed a bill tasking the state’s ag department to prevent plant-based products from being labeled as meat. Florida was the first state to ban cultivated products.
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