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The company drew on its experience developing machine learning solutions to manage the deployment of its MillsChat tool, according to Jaime Montemayor, chief digital and technology officer at General Mills.
Paul Shapiro said his company’s ability to turn its mycelium into a powder will make it cheaper and easier to use. Its competitors sell frozen or refrigerated products.
The keifer maker said its board determined that the “proposal substantially undervalues” the company and was not in the best interest of its shareholders.
A top executive said the company is looking to nonalcoholic cocktails to grow usage occasions for its seven-year-old beverage.
Consumer interest in better-for-you snacking and struggles in plant-based meat alternatives could make these sectors attractive for dealmaking, the bank cooperative noted.