Venture
fromTNW | Startups-Technology
3 days agoStanding Ovation raises 30M Series B round
Standing Ovation raised €30 million for US commercial rollout of Advanced Casein, produced through precision fermentation from dairy waste streams.
There were stricter rules completely banning the sale of some margarine in Wisconsin that were repealed in 1967, but there is still a law on the books that makes it illegal for restaurants to give customers margarine unless they specifically ask for it. Margarine may also not be served as a substitute for butter at state institutions. That means schools, prisons, and state-owned hospitals can't give you margarine unless it's deemed medically necessary by a doctor.
This decision is influenced by several factors, including the facility's age, anticipated capital requirements to make improvements to the facility and add or replace equipment and systems, high operating costs in California, the long-term milk supply outlook, and the increased capacity due to the opening of our Lubbock, Texas facility,
Canada's dairy supply management system controls imports and production, allowing only about 3.5 per cent of the market for American dairy exports, with high tariffs on excess.
Dairy companies are committed to eliminating certified artificial colors from products sold in schools by July 2026, enhancing children's nutrition and health.