Carol Ortenberg

This week, frozen food brands Real Good Foods filed with the Securities and Exchange Commission (SEC) SEC to undergo an initial public offering. The company is seeking to raise $86.25 million in order to expand its distribution and capacity at a new manufacturing facility.

Blended meat brand Misfit Foods may not have ultimately walked away from the television show Shark Tank with an investment deal, but it did garner some invaluable product feedback. The result of this insight debuted this week: a new Smoked Cauli Chicken Brat.

Clio Snacks is shaking up its executive team, bringing aboard CPG veteran John McGuckin as its new CEO.

Savencia Fromage & Dairy’s U.S. expansion plans have begun to take shape with yesterday’s announcement that the French dairy provider has acquired dip producer Hope Foods.

After years of effort by activists including multiple legislative attempts, California Governor Gavin Newsom signed Assembly Bill 45 into law yesterday, creating a regulatory framework to immediately allow for the legal sale of CBD-infused products.

Hormel Foods announced today that its venture arm, 199 Ventures, has entered into an exclusive partnership with alternative protein producer The Better Meat Co. In a release, the two companies stated they plan to bring new mycoprotein offerings to market, working to commercialize alternative protein products made from The Better Meat Co’s Rhiza mycoprotein ingredient.

Food tech company Perfect Day is again rethinking its recipe for success. The company announced last week it had raised $350 million to execute a new strategy that will see it adopt a three-pronged approach to revenue: selling ingredients to other food and beverage companies, selling finished CPG products in retail and foodservice, and offering food tech development services to other companies.

On this month’s Market Share, we’ll hear from Rip Esselstyn, the founder and CEO of PlantStrong — discussing what he learned from his first endeavor in the food industry, how the industry and consumers have changed in the last decade, and where he sees the plant-based category going in the future.

Whole Foods Market co-founder and CEO John Mackey today announced in an open letter addressed to “fellow team members” his intentions to retire next September after 44 years at the natural retailer.

Digital media company Barstool Sports is capitalizing on its founder Dave Portnoy’s longstanding YouTube series, One Bite Pizza Reviews, with the launch of One Bite Pizza.