RE: Clean Food Group8 Oct 2024 07:37
("SEED" or the "Company")
Investee Company Update: Clean Food Group
Clean Food Group partners with THG LABS to transform cosmetics industry
SEED Innovations Ltd, the AIM-quoted investment company offering exposure to disruptive, high-growth, life sciences and technology ventures typically inaccessible to everyday investors, is pleased to note an announcement from its investee company Clean Food Group Ltd ("Clean Food Group" or "CFG"), a UK-based food-tech business delivering sustainable oils and fats solutions to the world's food and cosmetics manufacturers, with regards to its partnership with THG LABS, a UK-based global cosmetics product developer and manufacturer for world-leading beauty brands.
SEED's decision to invest in CFG was driven by the quality of its proprietary, CleanOilCell™, technology platform, which uses proven, scalable, non-GMO yeast strains and food waste as its food source to deliver sustainable alternatives to traditional oil and fat ingredients. This coupled with the excellent management team, huge market potential and green credentials were pivotal factors in investing.
SEED owns 7,161,336 shares in CFG representing 4.6% of CFG on a fully diluted basis.
Commenting on the announcement, Alfredo Pascual, Director of Investment Research at SEED, said: "We are delighted to see the partnership between Clean Food Group and THG LABS, a leading end-to-end service UK cosmetics manufacturer, come to fruition. This collaboration could significantly impact the cosmetics sector by introducing innovative and sustainable oil alternatives, helping to reduce the industry's reliance on environmentally harmful ingredients like traditionally agriculturally intense oils. With the global cosmetics market valued at circa US$374 billion in 2023 and projected to nearly double by 2032, this partnership is well timed to meet the growing demand for sustainable solutions."*
The following announcement is set out without material changes or adjustments and the announcement in full can be accessed from the following link: Clean Food Group Partnership
Clean Food Group partners with THG LABS to harness the power of
cutting-edge oils and fats technology powered by food waste, to drive
innovation and sustainability in the cosmetics industry
8th October 2024: Pioneering UK-based bio-tech business Clean Food Group is pleased to announce an exciting strategic partnership with leading cosmetics product development and manufacturer THG LABS to create revolutionary new raw materials, starting with a low impact, high-performance oil, for use in beauty and personal care products.
Providing the cosmetics industry with more sustainable, effective, and responsible bio-equivalent alternatives to commonly used, more agriculturally intensive ingredients, the partnership will see the transformation of food waste into new and valuable resources for the cosmetics industry.
This