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The latest update is out from Agronomics Limited ( (GB:ANIC) ).
Agronomics Limited announced that Liberation Labs, a company in its investment portfolio, has raised US$ 50.5 million through a convertible note, contributing to a total of US$ 125.5 million in capital for a biomanufacturing plant in Richmond, Indiana. This significant investment aims to address the bottleneck in fermentation capacity, with Liberation Labs aiming to become a global leader in industrial biotechnology, supported by strong demand and strategic partnerships, positioning them on track for operational breakeven within the first year.
More about Agronomics Limited
Agronomics Limited is a London-listed company specializing in clean food investments, focusing on innovative technologies that disrupt traditional agriculture. It invests in companies with proprietary technology aimed at sustainable food and material production, emphasizing alternatives to animal-derived products to improve food security, human health, and environmental impact.
YTD Price Performance: -5.28%
Average Trading Volume: 3,221,416
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £37.35M
For detailed information about ANIC stock, go to TipRanks’ Stock Analysis page.
