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With news yesterday that the UK has become the first European country to approve the use of lab-grown meat, the investment industry should be taking this as a win. The Animal and Plant Health Agency and the Department for Environment, Food and Rural Affairs approved a pet food product from the company Meatly today, which produces cultivated chicken meat. Meatly is backed by Agronomics, an Isle of Man-based venture capital firm with a 40 per cent stake in the firm that has also funded companies like California Cultured, which produces cell-cultured flavanol cocoa powder. ✍️ Elliot Gulliver-Needham Continue reading 👇 https://lnkd.in/eBgnX6t9

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The stupendous discount to NAV that Agronomics trades at highlights a disconnect between headlines and investment activity.

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