- MeaTech 3D Ltd MITC has signed a non-binding letter of intent with Israeli supermarket chain Tiv Ta'am to cooperate in the joint development of cultivated meat products.
- The agreement will include cooperation on research, establishing a production facility for cultivated meat products, and granting distribution and marketing rights.
- The companies also agreed to discuss expanding cooperation in the production and marketing of cultivated meat products in the future, emphasizing cultivated pork.
- Price action: MITC shares are trading lower by 0.81% at $7.34 on the last check Wednesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
