How do you like your Fish? Fried, Grilled or Printed?
Steakholder Foods (NASDAQ: STKH), an international foodtech company at the forefront of the cultivated meat industry, announced this week that it successfully printed the first ready-to-cook cultivated grouper fish product.
Stakeholder is doing some pretty amazing things in the cultivated meat space, particularly in terms of 3D printing meat. The technology is absolutely fascinating, although according to my contacts, the 3D printing of meat is still relatively far off in terms of pricing, scale, and flavor profiles.
Still, this is not trivial. Just the idea that we can actually “print” meat is absolutely mind-blowing.
I definitely think Steakholder is a company to keep a close eye on, but I also think it’s a bit overpriced at current levels.
That being said, this latest accomplishment from Steakholder was done via a partnership with Umami Meats, which provided the grouper cells.
Umami Meats is a bit of a rockstar in the cultivated meat space as it has multiple partnerships with other companies to provide its fish cells for cultivated fish production. It’s even one of the few cultivated meat companies to land a deal with a major food ingredients company.
Last year, Umami announced a new partnership with Ingredion (NYSE: INGR) to launch two new product concepts: Thai-style fish cakes and battered fish filets. Those products are expected to launch in August.
If you’re unfamiliar, Ingredion is a multinational ingredients company that did $7.9 billion in sales last year. For Umami to be in bed with Ingredion is a very big deal.
Now while you can’t invest directly into Umami Meats, you can invest in a holding company that owns a significant piece of Umami, and that’s CULT Food Science (OTCBB: CULTF) – a company I’ve been extremely bullish on over the past year or so.
It’s basically invested in the best-in-breed cultured meat and cellular agriculture companies in the world. And at less than $0.10 a share, it’s absurdly cheap.