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Meati Foods poised to shut down, lay off staff if rescue funding isn't found

Summary by The Business Journals

It would be a stunning reversal for a business that raised more than $300 million from venture capital and other investors since its founding.

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The Business Journals

Meati Foods poised to shut down, lay off staff if rescue funding isn't found

It would be a stunning reversal for a business that raised more than $300 million from venture capital and other investors since its founding.

2 days ago·United States

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Daily Camera

+2 Reposted by 2 other sources

Meati ‘unclear on the future’ as 150 layoffs, plant closure loom

Boulder-headquartered Meati Foods, a mushroom-based whole-food proteins producer, plans to lay off 150 workers and close its massive production facility in Thornton. “We are taking this action because our lender unexpectedly removed cash from our accounts and took control of the remaining cash reserves on Friday, Feb. 28, 2025, and the action was not reasonably foreseeable,” Meati wrote in a Worker Adjustment and Retraining Notification Act noti…

2 days ago·Boulder, United States

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Denver Post

Meati Foods shutting down its Thornton plant and laying off 150 workers

Boulder-based Meati Foods has grown rapidly selling a meat substitute based on mushroom roots. But its lender, concerned about its viability, swept cash out of its account, the company says.

2 days ago·Denver, United States

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coloradocommunitymedia.com

Thornton's Meati Foods may be forced to lay off 150 workers and shutter its plant - Northglenn-Thornton Sentinel

A celebrity endorsed alternative meat producer making a name in the alternative food market is vowing to keep its huge Thornton production plant open after giving notice it may have to lay off its 150-employees and shutter the facility.Meati Foods – which is headquartered in Boulder – stated Friday the drastic fiscal measures are being forced on the company, which produces high-protein, high-fiber and nutrient-dense meats using mycelium – a mu…

22 hours ago

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VegNews.com

$450 Million Mycelium Meat Darling Meati Foods Faces Sudden Collapse

Meati Foods, a Colorado-based company known for its plant-based meat alternatives, is facing a major financial crisis after its lender unexpectedly pulled funding. As a result, the company has warned state officials that it may have to shut down its manufacturing facility in Thornton, CO and lay off 150 employees by May 6, 2025, unless it can secure new financing. The Worker Adjustment and Retraining Notification (WARN) notice details that the…

1 day ago

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just-food.com

Meati Foods viability at risk as “lender” withdraws funds

Meati Foods has suggested the US-based producer of protein alternatives is at risk of going out of business after a lender withdrew funding.The post Meati Foods viability at risk as “lender” withdraws funds appeared first on Just Food.

1 day ago

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