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Friday, 01/12/2024 6:16:48 AM

Friday, January 12, 2024 6:16:48 AM

Post# of 44784
FYI: A WIRED investigation can reveal that even as the company embarked on the nine-figure bioreactor project, there were concerns it was struggling to pay vendors and contractors. Ultimately the Good Meat deal would collapse into a legal dispute, with bioreactor firm ABEC alleging that the company owes more than $61 million in unpaid invoices. The startup is also being sued in two separate recently-filed legal disputes. One from an engineering firm for more than $4.2 million for alleged unpaid work and another from a food processing firm alleging more than $450,000 in unpaid invoices for ingredients.

https://www.wired.com/story/eat-just-financial-problems/