- MeaTech 3D Ltd (NASDAQ: MITC) has signed a non-binding letter of intent with Israeli grocery store chain Tiv Ta’am to cooperate within the joint growth of cultivated meat merchandise.
- The settlement will embrace cooperation on analysis, establishing a manufacturing facility for cultivated meat merchandise, and granting distribution and advertising and marketing rights.
- The businesses additionally agreed to debate increasing cooperation within the manufacturing and advertising and marketing of cultivated meat merchandise sooner or later, emphasizing cultivated pork.
- Value motion: MITC shares are buying and selling decrease by 0.81% at $7.34 on the final verify Wednesday.
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