Exclusive-Impossible Foods CEO says company will raise cash with or without IPO

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Third teenager charged with second-degree murder | SaltWire #newsupdate #news #halifax #policeNEW YORK - Impossible Foods, which makes meat alternatives from soy, is targeting a"liquidity event" that could include a public offering in the next two to three years, CEO Peter McGuinness told Reuters on Monday, as alternative meats fight to win back fickle consumers.

But consumers facing record levels of food inflation have since turned to cheaper options like canned meats. Shares of Beyond Meat have lost nearly all of their value since it went public in 2019.A 12-ounce package of Impossible ground beef costs $6.78 at Walmart, while a pound of ground beef is on sale for $5.37.

 

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