AT&T Chief Attacks Lawsuit to Block Time Warner Merger 

By Cecilia KangApril 19, 2018

WASHINGTON — AT&T’s chief executive, Randall Stephenson, on Thursday attacked the Justice Department’s lawsuit to block its merger with Time Warner, saying that a combined company would be no different from the Silicon Valley giants that make and distribute video content.

As the last witness for the defense in the Justice Department’s legal battle against AT&T’s $85.4 billion deal to buy Time Warner, Mr. Stephenson portrayed the 140-year-old phone giant as being in an existential crisis and in need of the deal with Time Warner to compete against tech companies.

He called the blockbuster merger a “vision deal” that would allow AT&T to better match up against Facebook, Amazon, Apple, Netflix and Google, which he referred to as “F.A.A.N.G.”

“The F.A.A.N.G. are all focused on premium video,” Mr. Stephenson said, comparing the proposed merger to the businesses of tech giants. “All of them are vertically integrated.”

The Justice Department sued to block the union of AT&T and Time Warner last November, saying it would hurt consumers who would likely see their monthly cable bills increase. The trial is being closely watched as a barometer of how the Trump Administration may treat mega-mergers, and for the implications of the case on antitrust policy and the entertainment landscape.

The trial is expected to wrap up in coming days after rebuttal arguments by the Justice Department and closing statements by both sides. Judge Richard J. Leon of the United States District Court for the District of Columbia, who is presiding over the case, is expected to make a decision on the suit as early as the end of May…

FINSH READING: https://www.nytimes.com/2018/04/19/technology/att-ceo-time-warner-merger.html?partner=IFTTT






 

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Where’s the beef? For Impossible Foods it’s in boosting burger sales and raising hundreds of millions

Where’s the beef?

For Impossible Foods it’s in boosting burger sales and raising hundreds of millions

Jonathan Shieber,TechCrunch Tue, Apr 3 5:38 PM EDT

Any company that’s looking to replace the more than 5 billion pounds of ground beef making its way onto tables in the U.S. every year with a meatless substitute is going to need a lot of cash.

It’s a big vision with lots of implications for the world — from climate change and human health to challenging the massive, multi-billion dollar industries that depend on meat — and luckily for Impossible Foods (one of the many companies looking to supplant the meat business globally), the company has managed to attract big-name investors with incredibly deep pockets to fund its meatless mission.

In the seven years since the company raised its first $7 million investment from Khosla Ventures, Impossible Foods has managed to amass another $389 million in financing — most recently in the form of a convertible note from the Singaporean global investment powerhouse Temasek (which is backed by the Singaporean government) and the Chinese investment fund Sailing Capital (a state-owned investment fund backed by the Communist Party-owned Chinese financial services firm, Shanghai International Group).

“Part of the reason why we did this as a convertible note is that we knew we would increase our valuation with the launch of our business,” says David Lee, Impossible Foods chief operating officer. “We closed $114 million in the last 18 months.” The company raised its last equity round of $108 million in September 2015.

Lee declined to comment on the company’s path to profitability, valuation or revenues.

Impossible began selling its meat substitute back in 2016 with a series of launches at some of America’s fanciest restaurants in conjunction with the country’s most celebrated young chefs.David Chang (of Momofuku fame in New York) and Traci Des Jardins of Jardiniére and Chris Cosentino of Cockscomb signed on in San Francisco, as well as Tal Ronnen of Crossroads in Los Angeles.”When we launched a year ago, we were producing out of a pilot facility,” says Impossible co-founder Pat Brown. [Now] we have a full-fledged production facility producing 2.5 million pounds per month at the end of the year.”

The new facility, which opened in Oakland last year, has its work cut out for it. Impossible has plans to expand to Asia this year and is now selling its meat in more than 1,000 restaurants around the U.S.Some would argue that the meat substitute has found its legs in the fast-casual restaurant chains that now dot the country, serving up mass-marketed, higher price point gourmet burgers. Restaurants including FatBurger, Umami Burger, Hopdoddy, The Counter, Gott’s and B Spot — the Midwest burger restaurant owned by Chef Michael Symon — all hawk Impossible’s meat substitute in an increasing array of combinations.

“When we started looking at what Pat and the team at Impossible was doing we saw a perfect fit with the values and mission that Impossible has to drive a stronger mindset around what it is to be conscientious about what is going on,” says Umami Burger chief executive Daniel del Olmo.Since launching their first burger collaboration last year, Umami Burger has sold more than 200,000 Impossible Burgers. “Once people tried the burger they couldn’t believe that it was not meat,” says del Olmo. “They immediately understood that it was a product that they could crave. We are seeing 38 percent increase in traffic leading to 18 percent sales growth [since selling the burger].

“At $13 a pop, the Impossible Umami Burger is impossible for most American families to afford, but pursuing the higher end of the market was always the initial goal for Impossible’s founder, Patrick Brown.

A former Stanford University professor and a serial entrepreneur in the organic food space (try his non-dairy yogurts and cheeses!), Brown is taking the same path that Elon Musk used to bring electric vehicles to the market. If higher-end customers with discerning palates can buy into meatless burgers that taste like burgers, then the spending can subsidize growth (along with a few hundred million from investors) to create economics that will become more favorable as the company scales up to sell its goods at a lower price point.

Brown recognizes that 2.5 million pounds of meat substitute is no match for a 5 billion-pound ground-beef juggernaut, but it is, undeniably, a start. And as long as the company can boost sales for the companies selling its patties, the future looks pretty bright. “To get to scale you have to sell to a higher price-point,” says Brown.That approach was the opposite tack from Beyond Meat, perhaps the only other well-funded competitor for the meatless crown. Beyond Meat is selling through grocery stores like Whole Foods, in addition to partnerships of its…

FINISH READING: Where’s the beef? For Impossible Foods it’s in boosting burger sales and raising hundreds of millions







 

WeedMD and Phivida To Enter Into Joint Venture for Cannabis-Infused Beverages

WeedMD and Phivida To Enter Into Joint Venture for Cannabis-Infused Beverages

CanBev Inc. positioned to become the premiere cannabis-infused bottling plant in Canada.

Toronto, Canada and Vancouver, Canada, March 8th, 2018  WeedMD Inc. (TSX-V:WMD) (OTC:WDDMF) (FSE:4WE) (“WeedMD”), a federally licensed producer and distributor of medical cannabis and Phivida Holdings Inc. (CSE:VIDAOTC:PHVAF) (“Phivida”), a premium brand of cannabidiol (“CBD”) infused functional beverages and clinical health products, are pleased to announce the signing of a letter of intent (“LOI”) to form a joint venture focused on cannabis-infused beverages. The new joint venture company, Cannabis Beverages Inc. (“CanBev”), plans to develop a production facility at WeedMD’s state-of-the-art greenhouse in Strathroy, Ontario. …

FINISH READING: Free Email Addresses: Web based and secure Email – mail.com






 

Phivida Appoints Former Red Bull President as CEO

Phivida Appoints Former Red Bull President as Chief Executive Officer

VANCOUVER, B.C. — February 28th, 2018 — Phivida Holdings Inc. (“Phivida” or the “Company”) (CSE: VIDA; OTCMKTS: PHVAF) has appointed Mr. James Bailey as the new Chief Executive Officer (CEO), commencing March 19th, 2018.  As former President of Red Bull Canada, Mr. Bailey stewarded the development of an entirely new category of alternative beverages, an experience which lends great value to Phivida as it prepares to launch into the global market.

Mr. Bailey will be responsible for building Phivida into an internationally recognized brand and replicating his success with building a new alternative beverage sector at Red Bull.

Mr. Bailey also brings proven executive leadership and extensive expertise in brand marketing and athletic endorsement for multinational consumer brands. Under his leadership, Mr. Bailey established Red Bull as the national brand leader in its category and grew annual sales revenue from $0 to over $150 million.

In addition to Red Bull, Mr. Bailey also served as the Chief Marketing Officer for Merrell Outdoors and has senior executive experience with Adidas and Salomon ski equipment…

FINISH READING: Phivida Appoints Former Red Bull President as CEO






 

Coca-Cola sales plunge as drink maker sheds bottling biz

ATLANTA (AP) — Coca-Cola swung to a fourth-quarter loss after being hit with a $3.6 billion tax charged tied to a sweeping overhaul of the nation’s tax laws.

Revenues also plunged as the world’s largest drink maker sells off its bottling operations. Industry analysts have anticipated both as the company reshapes operations, and shares headed higher in early trading Friday.

“We achieved or exceeded our full year guidance while driving significant change as we continued to transform into a total beverage company,” said CEO James Quincey. “While there is still much work to do, I am encouraged by our momentum as we head into 2018.”

The Atlanta company reported a loss of $2.75 billion, or 65 cents per share. Earnings, adjusted for one-time gains and costs like the tax hit, came to 39 cents per share, which was a penny better than analysts had expected, according to a survey by Zacks Investment Research…

FINISH READING: Coca-Cola sales plunge as drink maker sheds bottling biz






 

U.S. food distributors allege Tyson Foods, rivals fixed chicken prices

U.S. food distributors allege Tyson Foods, rivals fixed chicken prices

Tom Polansek

CHICAGO (Reuters) – Top U.S. food distributors Sysco Corp and US Foods Holding Corp have joined retailer Winn-Dixie Stores [BILODW.UL] and other poultry buyers suing the country’s biggest chicken processors for allegedly conspiring to inflate prices.

REUTERS/Carlo Allegri

The distributors sued companies including Tyson Foods Inc, Pilgrim’s Pride Corp, Sanderson Farms Inc and Perdue Farms in separate complaints filed in federal court in Illinois on Tuesday.

The U.S. chicken sector, which is dominated by these large meat processors, has come under increased scrutiny in recent years as customers and farmers have alleged antitrust violations relating to pricing, production and compensation.“This is a case about how a group of America’s chicken producers reached illegal agreements and restrained trade,” the lawsuits from Sysco and US Foods said.

Tyson, the biggest U.S. chicken company, and Pilgrim’s Pride denied the allegations on Wednesday. Sanderson Farms said it will defend itself against the claims. Privately held Perdue declined to comment.U.S. poultry buyers previously claimed in a 2016 lawsuit that Tyson and its competitors had colluded since 2008 to reduce output and manipulate prices. Winn-Dixie, which operates grocery stores throughout the southeastern United States, sued the chicken companies earlier this month.“We expect the industry to fight the allegations and come out successful,” Mizuho analyst Jeremy Scott said.

Sysco and US Foods allege processors curbed the supply of chickens by colluding to limit breeder birds that produce flocks that are ultimately slaughtered for meat consumption.

Data provider Agri Stats participated in the conspiracy, according to the lawsuits, by distributing information about chicken production that gave processors insights into rivals’ supplies. Agri Stats, which the complaints say is a subsidiary of Eli Lilly & Co, did not immediately respond to a request for comment…

FINISH READING: U.S. food distributors allege Tyson Foods, rivals fixed chicken prices






 

Tyson Invests in Cultured Meat Maker Memphis Meats

Tyson Invests in Cultured Meat Maker Memphis Meats

By Dave Fusaro, Editor in Chief

Jan 31, 2018

Tyson Ventures, the venture capital arm of Tyson Foods, revealed on Jan. 29 it has invested an unspecified amount in Memphis Meats, one of the startup companies creating “cultured meat,” produced directly from animal cells.

“The investment is an example of Tyson Foods’ commitment to explore innovative, new ways of meeting growing global demand for protein,” the company said in a statement.

While the terms were not disclosed, Tyson Foods investment represents a minority stake in the business. Tyson joins a diverse group of investors in Memphis Meats, including DFJ, Atomico, Cargill, Bill Gates and Richard Branson.“We’re excited about this opportunity to broaden our exposure to innovative, new ways of producing meat, especially since global protein demand has been increasing at a steady rate,” said Justin Whitmore, executive vice president of corporate strategy and chief sustainability officer of Tyson Foods. “We continue to invest significantly in our traditional meat business, but also believe in exploring additional opportunities for growth that give consumers more choices.”

FINISH READING: Tyson Invests in Cultured Meat Maker Memphis Meats

Cultured Meat Info > http://www.futurefood.org/in-vitro-meat/index_en.php

Memphis Meats > http://www.memphismeats.com/






 

A World Without Coffee?

A tenacious fungus is threatening the global coffee supply. Can genetics save our morning cup?

A World Without Coffee?

I write about biology and nanotechnology. Opinions expressed by Forbes Contributors are their own.

If you’re drinking a good cup of coffee as you read this, take a moment to savor it. Hug the cup, if you’re so inclined. After all, coffee may not always be so easy to come by.

Coffee rust is a significant problem in almost every coffee growing region in the world, and in recent years, countries in Central and South America have been hit particularly hard. One of these is Colombia, which cultivates around one million hectares of coffee plants to produce more than 65,000 tons of coffee each year. Consequently, Colombia is one of the biggest coffee producers in the world.

Colombia’s primary coffee crop is the highly valued Coffea arabica. Indeed, Arabica beans are the most popular and widely consumed type of coffee in the world. The combined global production of Arabica accounts for around 70% of the world’s coffee.

Unfortunately, it’s not just coffee drinkers who like it. A particular species of Coffee Leaf Rust (CLR) also has an affinity for C. arabica, and with devastating effect.

Coffee producer Adrian Hernandez looks at a plant infested with the coffee-eating fungus roya, at his farm Altamira, in Barva Heredia, Heredia, 17 km north of San Jose, on August 25, 2015. Hernandez does not remember a year as dry as this one and says that only a rigorous management plan has allowed him to stay afloat. Coffee growers in Central America are having to adapt to global warming, including high temperatures and drought, as well as fighting the fungus known as roya, in order to keep in the business. The fungus, hemileia vastatrix, which began to spread in 2012 due to a lack of preventive measures and the effects of climate change, discolors and dries up coffee leaves, an effect that also gives roya the name of ‘leaf rust.’ AFP PHOTO / EZEQUIEL BECERRA (Photo credit should read EZEQUIEL BECERRA/AFP/Getty Images)

 What are rust fungi?

They are notorious plant pathogens that disrupt the growth and reproduction of healthy plants. The airborne spores make infection hard to control. Once rust has entered a region, it’s incredibly hard to get rid of.

Read On: A World Without Coffee?






 

Jane West’s New Marijuana Product Line Might Be A Game Changer For Women

If we had to pinpoint one characteristic that stands out in Jane West,it would be her attention to detail. After all, being an events organizer, details are central to standing out among the crowd.

Jane transitioned from a successful career in traditional events organization to the marijuana industry four years ago and has since rarely looked back with regret, even though she was fired from a $90,000-a-year job and been charged with six crimes just for participating in the cannabis space.

Over this period, Jane launched a company of consumption-friendly cannabis events organization; founded Women Grow, one of the largest and most influential organizations in the marijuana industry; collaborated in the design of a glass, weed products line with GRAV, generating millions in revenue; and created her own line of branded products, which now sell under the Jane West brand.

“Everything I’ve accomplished, I’ve accomplished over a short four years time span. I think that really speaks to the opportunity that the cannabis industry offers,” West told Benzinga during a recent conversation.

If we had to pinpoint one characteristic that stands out in Jane West, it would be her attention to detail. After all, being an events organizer, details are central to standing out among the crowd.

Jane transitioned from a successful career in traditional events organization to the marijuana industry four years ago and has since rarely looked back with regret, even though she was fired from a $90,000-a-year job and been charged with six crimes just for participating in the cannabis space.

Over this period, Jane launched a company of consumption-friendly cannabis events organization; founded Women Grow, one of the largest and most influential organizations in the marijuana industry; collaborated in the design of a glass, weed products line with GRAV, generating millions in revenue; and created her own line of branded products, which now sell under the Jane West brand.

“Everything I’ve accomplished, I’ve accomplished over a short four years time span. I think that really speaks to the opportunity that the cannabis industry offers,” West told Benzinga during a recent conversation…

Finish reading: Jane West’s New Marijuana Product Line Might Be A Game Changer For Women






 

Kraft Heinz Sells Oscar Mayer Plant to Reich Bros.

The Madison, Wis., plant made hot dogs, cold cuts and Lunchables products; Reich Brothers specializes in acquiring turnkey manufacturing plants.

 

Kraft Heinz Sells Oscar Mayer Plant to Reich Bros.

By Lauren R. Hartman, Product Development Editor

Oct 23, 2017

The Kraft Heinz Co., Chicago, and Reich Brothers Holdings, LLC., White Plains, N.Y., have completed an agreement by which Reich Brothers will purchase a former Oscar Mayer facility in Madison, Wis.

Kraft Heinz closed the factory in June 2017 after an extensive review of its North American supply chain footprint, capabilities and capacity utilization. Oscar Mayer hot dogs, cold cuts and Lunchables previously produced in Madison were transitioned to other Kraft Heinz facilities in the U.S.

“We’re pleased to announce that Reich Brothers has agreed to purchase the historic Oscar Mayer facility,” said Michael Mullen, senior vice president of corporate and government affairs at Kraft Heinz. “… Oscar Mayer is a special brand, and remains an important and successful part of the Kraft Heinz portfolio. We will always be grateful to Madison and the dedicated employees whose work contributed to this brand’s wonderful history over the years.”

Reich Brothers specializes in acquiring turnkey manufacturing plants and provides for the bulk purchase of equipment packages and monetization through auction sales.

The property is an integral part of Madison’s history, noted Adam Reich, co-CEO of Reich Brothers Holdings, LLC. “We understand the importance of the facility and the impact that its closing has had on the area. We look forward to repositioning it for future use, taking into account the values, desires and needs of the community. We will work closely with local officials to achieve these goals.”

Finish reading: Kraft Heinz Sells Oscar Mayer Plant to Reich Bros.





 

Twitter (TWTR) Increases Character Limit for Tweets to 280

Twitter (TWTR) Increases Character Limit for Tweets to 280

Zacks Equity Research November 10, 2017

Recently, Twitter Inc. (TWTRFree Report) rolled out a 280-character limit for tweets, doubling it from the traditional 140 limit, in an attempt to make tweeting easier for people and to enable them to express more in a tweet.

The company has been testing the feature in a small group of users since September.

The character expansion has been made across all languages except Chinese, Korean and Japanese. Per Twitter, these three Asian languages convey more information in a single character compared to others and that is why they have not been considered for the increase.

Notably, shares of Twitter have gained 22.1% year-to-date, underperforming the industry’s gain of 28.5%.

Twitter (TWTR) rolls out a 280-character limit for tweets in order to enable users better express themselves…

Finish reading: Twitter (TWTR) Increases Character Limit for Tweets to 280






 

Marijuana social media company Massroots is making a big bet on software

(Compliance is a huge problem facing cannabis companies.REUTERS/Andres Stapff)

Massroots, a technology platform for cannabis consumers, is acquiring CannaRegs in a stock deal for $12 million, multiple sources told Business Insider on Wednesday.

The acquisition allows MassRoots to become a one-stop shop for cannabis businesses to connect with customers and ensure they’re in compliance with all state and federal regulations, Massroots CEO Isaac Dietrich told Business Insider in a phone call on Wednesday.

The acquisition is part of a larger push to consolidate Massroots’ business-to-business offerings. Massroots, founded in 2013, is a user-driven social media platform for marijuana consumers. The company is now seeking to expand its software services.

It “expands MassRoots’ compliance offerings, consolidating the most important operations for cannabis businesses into one central platform,” Dietrich said.

CannaRegs, started in 2014 by Amanda Ostrowitz, a former Federal Reserve regulator and licensed attorney, is a subscription-based service that provides businesses access to all local, state, and federal cannabis-regulations.

Dietrich notes that CannaRegs is cash-flow positive and debt-free, and it’s one of the few cannabis companies with majority-female leadership…

Finish reading: Marijuana social media company Massroots is making a big bet on software






 

Corbion Wins Court Approval to Buy TerraVia for $20 Million

5:03 pm ET September 15, 2017 (Dow Jones) Print
By Peg Brickley

Netherlands-based biotechnology company Corbion NV has won approval to pay $20 million for TerraVia Holdings Inc., once a highflying pioneer that promised to transform algae into fuel.

Judge Christopher Sontchi approved the sale at a hearing Friday in TerraVia’s bankruptcy case. Approval from the judge clears the way for Corbion to add TerraVia’s algae-based technology to a portfolio that includes products to prevent food spoilage and chemicals derived from sustainable sources.

TerraVia’s aspirations to become a biofuels giant never panned out. The San Francisco-area company struggled to get its algae-based consumer business into successful commercial operation.

After going public in 2011, TerraVia stacked up losses, ringing up an accumulated deficit of $734 million as of the end of March, according to a filing with the Securities and Exchange Commission. TerraVia’s stock was delisted after the Aug. 2 bankruptcy filing.

Once known as Solazyme and backed by Sir Richard Branson and other advocates of clean technology, or clean tech, TerraVia gained ground as a promising startup intent on delivering biofuel made from algae. It also became a food, nutrition and specialty-ingredients company, developing algae-based products for consumer use. Last year, TerraVia switched to focus on the food and consumer lines of business.

By the time it filed for bankruptcy in August, TerraVia was low on cash, having failed to rapidly commercialize and profit from its algae-based food product lines. It had a “stalking horse” offer from Corbion for the bulk of its business, and other contenders that showed up at a bankruptcy auction failed to beat Corbion’s offer.

TerraVia raked in significant tax dollars in its clean tech heyday, a factor that snarled Friday’s sale hearing in the U.S. Bankruptcy Court in Wilmington, Del. The U.S. government backed Solazyme’s technology with contracts and grants, and the company did work for the Energy Department and the Defense Department.

Justice Department lawyer Ellen Slights protested that it was difficult for the government to make sure contracts that implicate U.S. federal interests weren’t on the list of assets being sold.

Corbion had agreed to leave behind any U.S. government-related contracts, but Ms. Slights said sorting through TerraVia’s research and development pacts to ascertain whether federal interests were tied up in them was a challenging task. TerraVia inserted a clause providing that any agreement with federal interest wouldn’t be included in the deal.

Last year, TerraVia sold 80% of its Algenist cosmetic and skin-care brand to Tengram Capital Partners for $18.8 million, plus stock. At the auction, Tengram picked up the 20% TerraVia still owned, for $900,000.

Sale proceeds will fall far short of the more than $170 million TerraVia owes bondholders. Once the sales are closed, TerraVia will file a chapter 11 plan setting out how its assets will be distributed among creditors.

Write to Peg Brickley at peg.brickley@wsj.com

(END) Dow Jones Newswires

September 15, 2017 17:03 ET (21:03 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.






 

TerraVia Files for Bankruptcy – Announces Sale of Substantially All of Its Assets Subject to Competitive Bidding Process

TerraVia Holdings Files for Bankruptcy; Announces Sale of Substantially All of Its Assets Subject to Competitive Bidding Process


3:59 am ET August 2, 2017 (Benzinga) 

TerraVia Holdings, Inc. (NASDAQ: TVIA) announced today that it has entered into a “stalking horse” stock and asset purchase agreement with Corbion N.V., a Netherlands-based global leader in food ingredients and biobased technologies, to acquire substantially all of TerraVia’s assets in a sale process under Section 363 of the Bankruptcy Code.

The purchase agreement provides TerraVia with a binding bid of $20 million in cash along with the assumption of certain liabilities, which is subject to higher or otherwise better offers. As part of the transaction, Corbion will be assuming the ongoing financial obligations of the business and its joint venture ownership, therefore the total financial commitment is expected to be in excess of the cash purchase price. Through this proposed transaction, TerraVia employees, who bring with them a wide range of highly valued skills and expertise, together with its customers, have an opportunity to benefit from joining a global leader in its markets.

To facilitate its competitive transaction process, TerraVia and its wholly owned U.S. subsidiaries have filed voluntary petitions for reorganization under chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”) under the Case number 17-11655. Additional information can be found at http://www.kccllc.net/TerraVia.

In addition, TerraVia also announced that it has received a commitment for debtor-in-possession (DIP) financing from holders of approximately 63% of the outstanding principal amount of its senior unsecured convertible notes. The DIP financing will be used to finance the working capital needs of TerraVia’s business through the completion of the sale transaction and to support payments to vendors for post-petition purchases in the ordinary course.

The DIP financing announced today provides the necessary financing to support continued operations and TerraVia’s ability to service customer demand, while the Section 363 bankruptcy restructuring process provides the tools to execute an expedited and orderly strategic transaction. This process will create a level playing field for all interested bidders to compete to provide the highest or otherwise best offer for certain or all of TerraVia’s assets.

Pursuant to section 363 of the Bankruptcy Code, TerraVia intends to implement bidding procedures to allow other qualified bidders the opportunity to submit bids through a court-supervised process to purchase certain or all of the assets being sold.
TerraVia anticipates that a sale will be completed within 60 to 90 days.
Rothschild Inc. is acting as TerraVia’s financial advisor and investment banker to lead the sales process under the bid procedures and Davis Polk & Wardwell LLP is acting as restructuring and corporate counsel to TerraVia.


For more information > http://www.kccllc.net/TerraVia






 

Stop Investing In Facebook

You can use the word “cunt” on Facebook to disparage a woman – or a man accused of acting like a woman.

You can’t use the word “nigger” on Facebook to disparage a race of humans.

Yet, you can set a dog on fire, and Facebook – via Mark Zuckerberg – not only allows it to be published, but forces you to view it by granting advertisers the auto-play mode of reception as you scroll your news feed.

Mark Zuckerberg was recruited by the CIA (Central Intelligence Agency) while in college. His system of humiliation of humans and later other animals created a revolution while simultaneously developing a culture of hatred and distrust around the globe among all Peoples.

Stop investing in the CIA. They are a notorious USA and other-single-ethnic-backed terrorist organization whose purpose is to dominate the world through terror – providing fathership to flailing countries that need and/or want a family to dominate them.

Ukraine is currently on the Menu.

https://wordwarriordavies-tight.com/2017/12/06/facebook-mass-incarceration-of-the-collective-mind/






 

Serena Williams Invests in Vegan Smoothie Delivery Company 

Anyone who’s worked a busy schedule knows that it can be a struggle to maintain a healthy lifestyle, between balancing exercise, healthy diet, and a decent amount of sleep. That was what drove Rachel Drori, a “busy New Yorker and even busier mom,” to create Daily Harvest, a startup that delivers “frozen, single-serving, organic smoothies, soups, overnight oats, and chia puddings made with farm-frozen ingredients.” Much like meal delivery kits such as Purple Carrot, Daily Harvest delivers all the ingredients needed to make a nutritious breakfast that’s ready “in 30 seconds.”

Drori knew that she wanted to eat healthily, but didn’t always have the extra time before work to make herself a healthy, nutrient-dense meal. We get it — sometimes, it’s just faster to grab a bagel with cashew cream cheese than spend your time measuring ingredients for a healthy meal.

It turns out, Drori’s invention has attracted attention from investors who also lead a busy lifestyle. According to a press release from Daily Harvest, professional 23-time Grand Slam champion tennis player Serena Williams has invested an undisclosed amount in the plant-based startup brand.

“I invest in businesses that operate with sincerity and integrity and deliver a pure and uncompromised product,” said Williams. “…I’m excited about Daily Harvest’s future as a female-led business and I look forward to helping more people gain access to nutritious meals.”

It turns out, Williams isn’t the only busy celebrity whose attention that the frozen food delivery service has attracted. Gwyneth Paltrow, Oscar-award-winning actress and founder of vegan skincare line Goop, is also an investor. “Farm-frozen produce is picked at its nutritional peak, retains more nutrients and it’s more readily available to everyone. For this reason, Daily Harvest really resonated with me and I am so excited to get behind a revolution in frozen with my investment,” said Paltrow….

Finish reading: Serena Williams Invests in Vegan Smoothie Delivery Company | One Green Planet






 

Compound Annual Growth Rate (CAGR) Definition & Example

Compound Annual Growth Rate (CAGR)

The compound annual growth rate (CAGR) is a useful measure of growth over multiple time periods. It can be thought of as the growth rate that gets you from the initial investment value to the ending investment value if you assume that the investment has been compounding over the time period.

The formula for CAGR is:

CAGR   =   ( EV / BV)1 / n – 1

where:

EV = Investment’s ending value
BV = Investment’s beginning value
n   = Number of periods (months, years, etc.)

HOW IT WORKS (EXAMPLE):

Let’s assume you invest $1,000 in Fund XYZ for five years. The year-end value of the investment is listed below for each year.

Year    Ending Value
1             $   750
2               1,000
3               3,000
4               4,000
5               5,000

We can calculate the CAGR of the investment as:

CAGR = ( 5,000 / 1,000)1/5 – 1 = .37973 = 37.97%

TIP: If you are using a financial calculator, use the yx button to raise ( 5,000 / 1,000) to the power of 0.20 (since 1 / 5 = 0.20 ).

[Our easy to use CAGR Calculator can help you project the CAGR needed to achieve your investment goals or measure the return on existing investments.]…






Veggie Grill, the West Coast All-Vegan Chain 

While you’re patiently waiting for all-vegan fast-casual chain Veggie Grill’s East Coast debut, here are 5 menu items to look forward to.

If there’s one question that has been nagging our thoughts for the past year, it’s “when is Veggie Grill coming to the East Coast?” If you’ve never heard of it, Veggie Grill is a West Coast-based, all-vegan restaurant chain has been serving delicious, healthier plant-based versions of fast food favorites for the past decade. A little over one year ago, Greg Dollarhyde, Veggie Grill’s California-based chain’s “Chief Energizing Officer” disclosed that the company was planning a nation-wide expansion. In October, news broke that the fast-casual chain received $22 million infusion capital from its investors to help the company double in size – starting with the Midwest and East Coast.

Sadly, since then there has been radio silence on Veggie Grill’s part. We understand that this next big step in their business may take some time, but the wait is kind of tearing us apart. At the very least, we can eat with our eyes by checking out their online menu. You know what they say — you eat with your eyes first. So, keeping that in mind, here are five items on Veggie Grill’s menu that we’re most excited to sink our teeth into…

Finish reading: Everything We Can’t Wait to Try When Veggie Grill, the All-Vegan Chain Comes to the East Coast | One Green Planet






 

Almond Milk Market – Global Forecast to 2023 

 

Global Almond Milk Market is expected to grow at a CAGR of 13% post 2023, Global Almond Milk Market categorizes the Global Market by application, formulation, distribution channel and Region | Almond Milk Industry

Global Almond milk Market Information- by application (ice cream, yogurt, confectionery, butter & cream and others), by formulation {(Plain- Sweetened & Unsweetened), (Flavored- Sweetened & Unsweetened)}, by distribution channel (store based and non-store based), and by Region Almond milk Forecast to 2023

Study Objectives of Almond milk  Market

  • In depth analysis of the market’s segments and sub-segments
  • To estimate and forecast market size by application, formulation, distribution channel and region
  • To analyses key driving forces which are influencing the market
  • Region level market analysis and market estimation of North America, Europe, Asia-Pacific, and rest of the world (ROW) and their countries
  • Value chain analysis & supply chain analysis of the market
  • Company profiling of major players in the market
  • Competitive strategy analysis and mapping key stakeholders in the market
  • Analysis of historical market trends and technologies along with current government regulatory requirements

Intended Audience

  • Almond milk manufacturers
  • Raw material suppliers
  • End users (food industry)
  • Retailers and wholesalers
  • E-commerce companies
  • Traders, importers and exporters 

Finish reading: Almond Milk Market – Global Forecast to 2023 | MRFR






 

Google CEO Sundar Pichai: ‘thousands of calls’ on YouTube boycott

Google was forced to make an all-out public relations push after big advertisers complained their ads ran next to objectionable YouTube videos.

Google made ‘thousands of calls’ to prevent advertisers from boycotting YouTube

  • Google execs were forced to make “thousands and thousands” of calls to calm nervous YouTube advertisers
  • Effort came after some big brand advertisers threatened a boycott
  • Uproar began after big-name brand ads found next to objectionable YouTube videos
Michael Newberg | CNBC
Susan Wojcicki, CEO of YouTube.

An uproar that began with hate speech on YouTube was quelled only after a major charm offensive by Google.

The Internet giant was forced to make an all-out public relations push in recent weeks to reassure big advertisers after some well-known brands had their ads placed next to objectionable content on its video service, Google CEO Sundar Pichai said late Thursday.

In an effort led by chief business officer Phillip Schindler, the company reached out to calm “thousands and thousands” of YouTube clients nervous that their brands might be next to suffer the same embarrassment, Pichai said on a conference call with Wall Street analysts after the company’s Q2 earnings report on Thursday.

The effort came after a slew of well-known brands, including McDonald’s, Audi and AT&T, said they would temporarily suspend advertising on YouTube after the Times of London discovered ads placed next to racist, sexist and xenophobic content.

The uproar caused at least one financial analyst to downgrade the company’s shares…

Finish reading: Google CEO Sundar Pichai: ‘thousands of calls’ on YouTube boycott


AFP Comment: Hey, what’s good for one is good for the other. Maybe we should ask those You Tube people if they want the ads of McDonald’s, Audi, AT&T and others placed next to their videos. I’ve seen some pretty horrible stuff placed next to my posts and I have no control over it. That’s not fair. Word Press always says they can’t control it, so how is it that You Tube can?

The point isn’t to get an upgrade and pay for not having the ads placed next to your stuff. The random practice of placing ads plus the purposeful practice of placing ads next to people you want to bump out or compete with are the problems with ad placement.

Think about this, who in their right mind would want to put foot fungus and pus-dripping enlarged eyeballs or Oprah Winfrey (the multibillionaire who can’t stop crying in public) beside and beneath the same posts with food pictures? It’s grotesque and used to not only sell a product (even though no one likely knows what the product is), but to encourage people to look away from the writer’s post at something putrid. It’s an assault of the writer’s brand. It doesn’t even have to be about the ad agency or the company it represents selling foot fungus products.

No one is going to want to make a recipe that has foot fungus images attached to it. It’s a disgusting trick that ad people use. They blow off your post and make the image so disgusting that people can’t help but click on the ad just to see what’s on the other side.

Equally disgusting is the financial analyst who downgraded You Tube’s shares because the big companies didn’t like where their ads were being placed. Yeah right. They didn’t like it, but they engage in the very same tactics. And who tattled? Oh! A Brit! No surprise there. It probably was British Secret Intelligence Service (what are they called MI6?) having a bland afternoon and decided to stir the stink.

So what is a person to do? What does the person who is not a big company nor even a little company do with all those thorns in their sides, put there by unscrupulous companies and ad agencies?

Follow this thread and you’ll be seeing soon enough. I don’t know much about Audi, but I have a lot to say about McDonald’s and AT&T.






 

Dairy Alternatives Market Expects More Health-Conscious Customers To Drive Ingredient Innovation

Dairy Alternatives Market Predicted to Register CAGR of 9.9% Till 2021 Largely Due TO Rising Asia-Pacific Requirements

Hyderabad, India, March 14, 2017 (GLOBE NEWSWIRE) — The report “Dairy Alternatives (Beverage) Market: By Type (Almond, Soy, Coconut, Cashew, Oats); Formulation (Plain, Flavored, Sweetened, Non-Sweetened); Channel (Super Markets, Convenience Stores, Health Food Stores, Pharmacies) Forecast (2016 – 2021)”, published by IndustryARC, estimates that new nutrients and heal conscious additives will boost future demand.

Browse 9 Market Tables, 44 Figures spread through 111 Pages and an in-depth TOC on “Dairy Alternatives Market 2016 – 2021
http://industryarc.com/Report/7430/dairy-alternative-beverage-market.html 

Scope & Regional Forecast of the Dairy Alternatives Market:

Dairy alternative beverages are plant based milk extracted from various sources such as Soya, nuts and cereals. These milk substitutes have been gaining prominence in the food and beverages industry with the rising demand from vegans and dairy intolerants. Additionally, with the growing concern on obesity, consumers have been preferring substitutes which have less cholesterol level as compared to the dairy products. Increasing cases of lactose allergy across various countries is also one of the primary drivers of this market. Dairy alternatives are available in various flavors and are priced higher than conventional milk.

Request Sample PDF Brochure @ http://industryarc.com/pdfdownload.php?id=7430

Driven by the rising preference for lactose-free products coupled with increasing concern for heart related diseases, the market for Almond milk is estimated to grow rapidly in the coming years. Similar to Almond milk, the demand for coconut milk has also grown at double digits especially in the North-American region. Leading companies have been active in adding products based on other substitutes such as cashew milk and hemp milk. The market for dairy alternatives have been witnessing several trends in terms of flavors, packaging, fortification with nutrients and branding. These trends are expected to intensify owing to the increasing penetration of packaged foods in developing nations and increasing preference for nutritional products.

Finish reading: Dairy Alternatives Market Expects More Health-Conscious Customers To Drive Ingredient Innovation – IndustryARC Analysis






 

DANONE : Danone Completes Acquisition of WhiteWave

Press release – April 12th, 2017

Danone Completes Acquisition of WhiteWave 

Paris, France – April 12th, 2017 – Danone is pleased to announce that it has today completed its acquisition of WhiteWave. Under the terms of the merger agreement, WhiteWave shareholders will receive $56.25 per share in cash. In connection with completion of the transaction, the WhiteWave common stock has ceased trading prior to market opening today and will be delisted from the New York Stock Exchange.

Danone and WhiteWave will now combine their activities in North America to operate as a Strategic Business Unit, named “DanoneWave”. As previously announced, the combination will include Danone Dairy’s and WhiteWave’s current North American businesses under the leadership of Lorna Davis, who has been appointed Chief Executive Officer of the combined entity. Alpro will join forces with Danone Dairy as a key pillar of its new plant-based category, managed by Gustavo Valle, with the aim to expand and grow the plant-based category around the world.

“I am thrilled that we have completed the acquisition of WhiteWave”, said Emmanuel Faber, CEO of Danone. “Danone and WhiteWave are a perfect match to build a global leader leveraging consumer trends and expectations for healthier and more sustainable eating and drinking choices. With leading positions in some of the fastest growing, health-focused categories, this combination will drive our Alimentation Revolution, our business performance, and will accelerate our 2020 growth journey. I am convinced that the combined experience and capabilities of our new management team and the extensive preparation work done by the integration team since July will capture the great business opportunities ahead and fully deliver our synergy plan. I am therefore fully confident that we will drive strong value creation and deliver the attractive financial benefits we outlined last July. We now look forward to welcoming our talented new team members from WhiteWave”…

Finish reading: DANONE : Danone Completes Acquisition of WhiteWave






 

Danone Turns to Fund Run by Two Women in Search for Next Kale – Bloomberg

May 16, 2017, 5:00 AM EDT
  • French yogurt giant joins Campbell Soup in backing AccelFoods
  • Large food and beverage companies struggling with tepid sales

Danone, the French yogurt giant grappling with sluggish sales, has turned to a venture capital firm that backs startups selling everything from snack bars containing cricket protein to tater tots made from cauliflower.

A unit of the company, Danone Ventures, has invested in AccelFoods, a fund run by two women that looks for upstart natural and organic brands that are stealing shelf space and sales from established food companies — like Danone itself. Both companies confirmed the deal.

It’s the third investment for Danone Ventures — which was founded less than a year ago — and the latest example of a large food company launching an in-house VC fund in a bid to reignite sales growth. The unit has also put money into Farmer’s Fridge, which makes vending machines that sell organic salads and snacks, and a French baked-goods purveyor.

Founded in 2013 by managing partners Jordan Gaspar and Lauren Jupiter, New York-based AccelFoods has backed about 30 companies. The firm reopened its fund to make room for Danone, raising an additional $15 million in a round that increased its total pot to $35 million. Acre Venture Partners, a fund affiliated with Campbell Soup Co., previously invested in the fund.

Struggling amid a broad shift in eating and shopping habits, large food and beverage companies have increasingly invested in small startups as they search for the next big product in a rapidly changing food landscape. Many companies, including General Mills Inc. and Kellogg Co., have launched their own VC funds. The investments help tap an entrepreneurial spirit that can be difficult to maintain at large global companies.

Danone shares fell after the world’s largest yogurt maker reported the third consecutive quarterly drop in volume and irked analysts by saying it will include this month’s $10 billion takeover of WhiteWave Foods Co. in its like-for-like sales figures for 2017…

Finish reading: Danone Turns to Fund Run by Two Women in Search for Next Kale – Bloomberg






 

TerraVia’s Algae Butter, Which Can Replace Palm Oil and Hydrogenated Oils, Receives FDA GRAS No Questions Letter (NASDAQ:SZYM)

Algae Butter Is A Revolutionary New Structuring Fat For Use in Bakery, Spreads, and Confectionery

SAN FRANCISCO–(BUSINESS WIRE)– TerraVia Holdings, Inc. (NASDAQ:TVIA) announced today that it has received a generally recognized as safe (GRAS) no questions letter from the U.S. Food and Drug Administration for its Algae Butter. This response paves the way for commercialization of this revolutionary structuring fat through its joint venture partner, Bunge North America.

Algae Butter is a palm-free, non-hydrogenated, vegan solution for bakery, spreads and confectionery applications. It delivers outstanding performance and enhanced sensory experience due to its quick melting feature. It also provides clean taste and can reduce saturated fat by up to 50 percent in most applications.

“The food industry has been searching for a replacement for palm and hydrogenated vegetable oils that maintains quality, taste and functionality and also meets their rigorous criteria for sustainable sourcing,” said Mark Brooks, Senior Vice President, TerraVia. “We believe Algae butter is a game changer for the structuring fats industry in terms of sustainability and nutrition.”

Algae Butter is exclusive to TerraVia and Bunge. It will be produced by the TerraVia and Bunge joint venture, SB Oils, and marketed in the U.S. by Bunge North America.

“We are excited to be offering this innovative solution as an additional choice to our foodservice and food processor customers in the U.S.,” said Mark Stavro, senior director of marketing, Bunge North America. “The potential of the product to meet so many on trend demands has been met with strong levels of interest from a number of our food customers.”

About TerraVia

TerraVia Holdings, Inc. (NASDAQ:TVIA) is a plant-based food, nutrition and specialty ingredients company that harnesses the power of algae, the mother of all plants and earth’s original superfood. With a portfolio of breakthrough ingredients and manufacturing, the Company is well positioned to help meet the growing need of consumer packaged goods and established and emerging food manufacturers to improve the nutritional profile of foods without sacrificing taste, and to develop select consumer brands. The Company also manufactures a range of specialty personal care ingredients for key strategic partners. Headquartered in South San Francisco, the Company’s mission is to create products that are truly better for people and better for the planet. For additional information, please visit TerraVia’s website at www.terravia.com

Finish read: TerraVia’s Algae Butter, Which Can Replace Palm Oil and Hydrogenated Oils, Receives FDA GRAS No Questions Letter (NASDAQ:SZYM)






 

TerraVia in the Wilderness Years : Biofuels Digest

TerraVia in the Wilderness Years

April 19, 2017

Over at our sister publication Nuu, we reported this week that TerraVia got a “generally recognized as safe” OK from the FDA for its long-awaited algae butter.

It’s a palm-free, non-hydrogenated, vegan solution for bakery, spreads and confectionery applications. Algae Butter will be produced by the TerraVia and Bunge joint venture, SB Oils, and marketed in the U.S. by Bunge North America.

Quick melting with a clean taste, it works just a little like renewable jet fuel when it comes to replacing the incumbent — Algae Butter can reduce saturated fat by up to 50 percent in most applications.

“The food industry has been searching for a replacement for palm and hydrogenated vegetable oils that maintains quality, taste and functionality and also meets their rigorous criteria for sustainable sourcing,” said Mark Brooks, Senior Vice President, TerraVia. “We believe Algae butter is a game changer for the structuring fats industry in terms of sustainability and nutrition.”

While butter doesn’t exactly rival gasoline as a market — it’s pretty substantial, when you get down to it. The global market is something like $4.4 billion – a demand of around 10 million tons and a price point around $4400 per ton. Giving TerraVia a shot at $2.2B of that — and at a price point that dwarfs some of the company’s targets from its Solazyme days — the world of $360 per ton crude petroleum, for example.

“We make oils” said the prospectus for the old Solazyme when it completed its celebrated IPO five years ago, pledging to transform the market for oils through the power of algae to make them. The company has subsequently ratcheted its focus down to speciality ingredients and nutrition — but that’s been typical of almost every algae-based venture, most of which long abandoned the fuels and big chemicals markets in a search for price points that were more reachable in the near-term.

TerraVia has not disclosed in recent years its production cost for algae oils — but $4400 per ton is, surely, a tempting and high-margin target.

TerraVia’s rough month

It’s been rough going for TerraVia in recent weeks.

The company announced a painful round of layoffs — 25 percent of the company’s workforce, which had already been substantially reduced in the past two years. And the company suspended operations at its Peoria, Illinois demonstration-scale facility, and said it was seeking “strategic opportunities to partner its AlgaVia® line of products” — which of course could range from a joint venture to an outright sale of the brands (while retaining perhaps a manufacturing contract)…

Finish reading: TerraVia in the Wilderness Years : Biofuels Digest