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Wednesday, 27th Jan 2021
Cell-based seafood isn’t available to consumers anywhere just yet, but with $60 million in debt financing announced this week, BlueNalu CEO Lou Cooperhouse said the table is set for that to change by the end of the year.
The funds, which represent the biggest financing so far in the cell-based seafood segment, will be used to open a 40,000-square-foot headquarters and pilot production facility in San Diego, California. That facility — and the ramp up of staff and equipment that will come with it — will enable BlueNalu to produce enough cell-based mahi-mahi to appear on some foodservice menus close to the same time that it gains regulatory approval for its products from the U.S. Food and Drug Administration.
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