PhytoSmart

Brunswick-based PhytoSmart plans to join forces with a San Diego-based company. https://ow.ly/7lfq50U0ttj

"Some say that companies like?Avantium,?Cellana?and?Carbios?can be safely ignored, the hill is too tough to climb, the technology too ambitious, the markets served too uncaring, the development and deployment costs too high, the returns too minuscule to care. Others say: When in this world the headlines read Of those whose hearts are filled with greed Who rob and steal from those who need To right this wrong with blinding speed Goes Underdog! Underdog! Underdog! Underdog! We can learn a lot from the episodes of?Underdog. That humble, lovable Shoeshine Boy is worth betting on, that Simon Bar Sinister and other villains are worth betting against, that Sweet Polly Purebred need not despair, the world’s future is not as bleak as our fears encourage us to think. What is the better way? Bet against Avantium, Cellana and Carbios relying on the belief that 85 percent of new companies fail, or to support Underdogs relying on the belief that when the going gets tough, the tough go bio. This week, Underdog fans got a booster...news arrives that?Cellana and PhytoSmart have signed a definitive agreement?to merge the two companies. PhytoSmart will become a wholly owned subsidiary of Cellana. Deena Sisitsky, CEO of PhytoSmart, will join the Cellana Board of Directors and will lead the Consumer Products activities for the combined company under the PhytoSmart? brand name. The combined company has a fundraising round ahead to finance the deal, in the range of $10 million we hear." https://lnkd.in/eqsmA2F3

Cellana Inc. and PhytoSmart Sign Definitive Merger Agreement ???????????San Diego, California and Portland, Maine (October 28, 2024):?Cellana, Inc. and PhytoSmart Inc., two pioneering leaders in algae-based products and biotechnology, are excited to announce that they have signed a definitive agreement to merge the two companies. Cellana, a leading developer of algae-based bio-products, uses the most productive plants on earth — marine micro-algae — to photosynthetically produce its proprietary line of Omega-3 EPA and DHA oils, animal feed/food, and biofuel feedstocks.?Cellana's patented ALDUO? system enables economic, sustainable and consistent production of photosynthetic, non-GMO algae at industrial scale. Cellana intends to construct and operate commercial facilities to produce these products as integrated algae-based bio-refineries. PhytoSmart sustainably and safely produces highly bioavailable Omega-3 essential fatty acids from marine micro-algae. Their patented innovative system, known as SPAGS (Sterile Plastic Algal Growth System), is modular, reusable, and offers significantly lower CAPEX and a smaller environmental footprint compared to traditional algal production methods. SPAGS can also be adapted to cultivate other various single-cell plant cultures. Unlike extracted omega-3 products, PhytoSmart’s technology preserves the algae’s natural antioxidant and catalytic enzymes, delivering a whole-cell, highly bioavailable phospholipid omega-3 DHA without harming ocean ecosystems.?PhytoSmart, currently dedicated to the companion animal market, has been honored as the recipient of the 2024 Pet Innovations Award for the Most Innovative Pet Health Product. Looking ahead, PhytoSmart plans to expand its portfolio of vegan, non-GMO, whole-cell omega-3 offerings for human consumption, targeting a launch by late 2025. This merger represents a perfect alignment of these two companies’ respective strengths. Together, we’ll be able to integrate our technologies to increase consumer product offerings, scale up production, and bring innovative algae-based solutions across diverse sectors, from the world’s most sustainable pet and human nutritional supplements to large-scale plant-based proteins for aquaculture, animal feed and human food, to Omega-3 pharmaceutical ingredients, to clean energy. Martin Sabarsky, JD, MBA Deena Sisitsky Patrick Cregten Jed Fahey Larry Dressler Tazz L. https://lnkd.in/efcCppiT

Nancy Hassel thank you for hosting the PhytoSmart team on #diggingintothepetindustry

Nancy Hassel thank you for hosting the PhytoSmart team on #diggingintothepetindustry

https://lnkd.in/e79WiKzz

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