Investment

Food As Medicine (FIM) programs could create over $45 billion in state economic activity if implemented and made accessible to all eligible patients, according to a new report.

The Open Food Company has added Jonathan Clark as fractional CFO and Matthew Langille as creative strategic advisor as it launches a $3 million seed round to scale its “radically transparent” business model.

This week on the podcast, Nosh managing editor Monica Watrous and senior reporter Lukas Southard discuss the acquisitions of frozen dessert maker My/Mochi Ice Cream and next-generation sports drink brand Local Weather. The hosts also speculate about David Protein’s entry into the ice cream category and singer Benson Boone’s involvement with Caliwater.

Keep It REAL Foods is betting that vertical integration is the key to unlocking longevity for a quintet of founder-led companies that it recently brought together under the newly established moniker.

Suresnes, France-headquartered Bel Group is growing its stateside production capabilities, investing $200 million in the expansion of its Babybel production facility in Brookings, S.D.

Morinaga & Co., the holding company of global confectionery manufacturer Morinaga, Inc., has entered into a definitive agreement to acquire My/Mochi Ice Cream for an undisclosed amount.

Target plans to open 300 new stores by 2035 as it unveils its first “food-forward” prototype in North Carolina.

Harken Sweets, armed with new capital from Selva Ventures, is readying a major retail expansion with Kroger, adding roughly 2,000 doors and bringing its total retail footprint to around 7,500 stores.

Protein bar maker Mezcla has closed a $9.5 million Series B funding round led by Bluestein Ventures, with participation from Santatera Capital, Grupo DMI, Lever VC, Habitat Partners, Tonic Ventures and Steve Platt, former chief executive of BrightFarms and Icelandic Provisions.

B&G Foods announced it has sold off the U.S. Green Giant frozen vegetable line to Seneca Foods Corporation.