u/Kuentai

I’ve been following this stock since 2020, this has helped me correctly call some significant movements and conversely, avoid the… Extensive down swing. Over time I’ve built up a thesis on what exactly moves the stock and what doesn’t. I’ve illustrated this in the chart above.

The first parabolic run (almost 1000%) was courtesy of a golden combination of low interest rates, hype in alternate proteins and Jim Mellon publishing the book ‘Moo’s Law’ and going on interview circuits, putting Agronomics and lab grown meat in worldwide news.

Unfortunately due to the market crash, interest rate hikes, funding conditions, company attrition and, ultimately, the difficulty and time it has taken to actually pull off this science fiction technology. The stock slowly drifted back down over the last 4 years.

The second smaller wave was triggered by Agronomics once again hitting worldwide news due to a company within its portfolio (Meatly) successfully being the first company in the world to ‘bring lab grown meat to the shelves.’ This resulted in a smaller (about 130%) run.

Despite the impressive display of technology this was in the end, just dog food and so the stock has drifted down somewhat. Which leads us to what I believe will trigger the next parabolic run.

In Spring 2027 Lab Grown Meat will be legal to sell to humans in the UK two companies within the Agronomics portfolio are already part of this UK government sandbox fast track, Blue Nalu and Mosa Meat of which Agronomics owns 12.96% and 1.7% respectively. Agronomics also owns 27.8% of Supermeat and 11.57% of Meatly who are expected to immediately benefit from the legalisation, both attempting to finish factories in time.

This is going to be a worldwide news event, that is guaranteed, Agronomics remains the only way for a normal investor to invest in lab grown meat, multiple of their companies are directly involved and stand to significantly benefit. Every time there has been a worldwide news event with lab grown meat, Agronomics has gone on a run.

This is of course still a very risky bet on a new industry with considerable growing pains, only invest what you are willing to lose.

tldr: Agronomics (£ANIC) is a publicly listed investment fund of 20 companies using technology to revolutionise the food industry. Like the S&P500 for the future of food or being able to invest in solar panels or electric cars 15 years ago. 

edit: op position; 1 million shares at 4p, proof in pinned post

So a fortnight ago I posted a more broad strokes post about Agronomics (£ANIC) there were some complaints that it was a bit vibes heavy, detail light, so here we go, almost my full current DD on ANIC, stripped down to be able to be posted on pennystocks.

tldr: Agronomics (ticker £ANIC in London, $AGNMF in the US) is a publicly listed investment fund of 22 companies who are revolutionising agriculture, Precision Fermentation and Cultivated Meat, like an S&P500 for the future of agriculture. Imagine being able to invest in solar panels or electric cars 15 years ago.

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Portfolio:

Also in image linked above.

A quarter of the portfolio is Lab Meat, now known as Cultivated Meat (CM). Take a painless cell sample from an animal, put it in a bioreactor, and grow real meat without ever having to kill or cause pain to an animal. It is essentially a technological fix for factory farming, skip the cow, grow the burger. Like renewables for oil, electric engines for combustion and lab diamonds for lab meat. While still cutting edge with more work to be done, many portfolio companies have achieved cost parity (same price as regular meat) and are finally achieving regulatory approval. 

Two thirds of the portfolio is Precision Fermentation (PF), the process of basically tricking organisms like yeast to make whatever . For example, PF is used to cheaply make lactoferrin, a protein that normally costs hundreds per kilo due to its difficulty of extraction from milk can just be fermented as simply as beer. It is also being used to make egg and milk protein, this is a solved problem and is already at market.

The appeal of both is obvious: No animal cruelty, massively lower resource use and therefore cheaper to produce once the tech scales up, when you realise how much work it actually is to grow, feed, transport and butcher an animal. The vast majority of meat farming in America is factory farmed while the vast majority of people are very concerned about the welfare of farm animals. Why grow a whole animal when you can just grow the part you need? Beef with no antibiotics, chicken with no salmonella, fish with no mercury, meat with no parasites, milk and cheese without abusing pregnancy, truly 'clean' food.

EU is expected to approve lab made beef fat by end of July, the UK is expected to approve lab meat for humans by March 2027 and is committed to 'fast track' products. Yes we could see this in supermarkets by spring 2027.

While funding is down across the board, Agronomics companies received half of all Precision Fermentation and Cultivated Meat funding in 2025. This disparity between fundraising and share price is extremely obvious here. Hundreds of millions more have already been poured in so far in 2026. ANIC portfolio companies have cumulatively raised over $2 billion now, old link.

Four of Agronomics companies reached TIME’s world top greentech list (10 Mosa Meat, 54 Solar Foods, 76 LIVEKINDLY, 82 Tropic Biosciences)

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Main people:

Jim Mellon: Billionaire investor who wants to end factory farming in his lifetime. Consistently buy ANIC shares every quarter. He owns a significant percentage, this is his passion project. Can see him talking about Oil, Debt and Agronomics on CNBC International here.

Richard Reed: Founder of Innocent Drinks, Europe’s largest sustainable juice company (sold for $600M). Now a VC backing early-stage consumer brands like Graze, Deliveroo, and Tails, turning startups into global successes is second nature to him. Catch him here talking about Clean Food Group.

The argument for the management of the fund can be found here.

Agronomics and its portfolio have been invested in by the likes of Bill Gates, Sergey Brin, Sam Altman, Jim Mellon, Jeff Bezos, Richard Reed. This is literally the only way as a retail investor to get in with the giants to this market.

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Upcoming Events:

Liberation Bioindustries factory opening 2026

Partnerships with gulf states to provide food security. 2026-2027

Clean Food Group revaluation and IPO due to new 1M Litre factory acquisition.

All G selling lactoferrin to USA 2026

Blue Nalu due to receive regulatory approval to sell Blue Fin Toro Tuna to US Restaurants. 2026

UK legalisation of lab meat sale to humans March 2027

Meatly factory opening London 2027

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The Portfolio Companies in Brief

ALL G - ‘Pink Gold’

Creating Lactoferrin via Precision Fermentation, an expensive and difficult to synthesise protein.

Reddit Thread: “Pink Gold”

Latest Fundraise: Dec 2025 $6.5m

Blue Nalu - ‘Crafted for the Future’

Creating Cell Cultivated Blue Fin Toro Tuna that usually retails at around $150/kg

Reddit Thread: ‘Technology Saved the Whales (Twice), Can it Now Save Fish?’

HAS COST PARITY

No mercury, no parasites, no heavy metals, no contaminants

Aiming for Product Release 2026 to Restaurants: Taste Test of Blue Fin Toro

Latest Fundraise: Jan 2026 $11m

Total Raised: $129m

California Cultured - ‘World First Cultured Cocoa’

Creating Cocoa via Precision Fermentation

Reddit Thread: ‘With Cocoa Prices Quadrupling, Industry Leader has Turned to ‘Lab-Grown’ Chocolate’

Got cost of bioreactors down to $3k

Product Release: Chocolate for professionals by end of 2026

Latest Fund Raise: Oct 2025 $4m

Total Raised: $31.9m

Clean Food Group - ‘Bought a £100m facility for £1m’

Producing palm oil via precision fermentation

Reddit Thread: ‘British Biotech Firm Rescues Major Liverpool Facility, Turning It Into One of the World’s Largest Precision Fermentation Plants, Aims to End Palm Oil Devastation’

Product Released 2026: 'Clean Oil'

Bought 1 Million Litre Fermentation Facility at auction for £1m that would normally cost $100m to build.

New fund raise round expected soon, revaluation along competitors lines expected at £125m+

Total Raised: £13.5m

Every - ‘Egg’

Making Egg Protein via Precision Fermentation, skip the chicken!

Reddit Thread: ‘In a Step Towards Ending Cage Farmed Eggs, Hen-Free Real Egg Protein is Now Available Directly via Amazon and Walmart’

Half of eggs used in industry for product creation, actual eggs not needed.

Product Released 2026: Egg White Protein Direct to consumer

Latest Fundraise: 5 Nov 2025 $55m Series D

Total Raised: $284m

Formo - ‘Alternative Cheese’

Aiming on making Cheese from Precision Fermentation, already has normal vegetarian alternative products in 2000 supermarkets in Germany, planning to scale to rest of EU and UK.

Reddit Thread: ‘Few Households Buy Plant Milk… Very few Buy Cheese. Germany’s Market is 4x Bigger. Why?’

Product released in German Supermarkets 2024: Formo

Aiming for PF product release 2026/7

Aiming for profitability 2027

Latest Fundraise: 14 Jan 2025 Euro 35m 

Total Raised: €135

GALY CO - ‘Cultivated Cotton and Chocolate’

Creating lab grown cotton and chocolate, invested in by John Doerr, Sergey Brin, Material Impact, Sam Altman etc…

Product Release: Cocoa expected by end of 2026.

Latest Fundraise: Sept 2024 $33m

Total Raised: $60m

Liberation Bioindustries - ‘Precision Fermentation Capacity’

Aiming to provide Precision Fermentation capacity for the industry which is the main bottleneck!

Intending to finish first stage 600,000L facility H1 2026

Reddit Thread: ‘When You Find Gold, Sell Shovels. The Biotech Boom and The Factories Facilitating it’

Partnerships with Gulf States to build Precision Fermentation facilities

Partnership with Vivici to manufacture their product

Pre-sold majority of first three years of capacity

Meatly - ‘Killer Cost Reduction’

Part founded by Agronomics specifically to make lab grown chicken for pet food. Science team has shown huge cost savings as the tech moves from lab production to food.

Reddit Thread: ‘‘No Kill’ Meat has finally hit the shelves. Meat grown in a lab is being sold in a shop in the UK. Beginning of the end of Factory Farming?’

First Lab Meat Pet Food, In global news

Dogs love it

Under cost parity with waitrose organic chicken (£28/kg)

Huge cost reduction on bioreactors and Media cost down to 1.5p/L at scale

Fund Raise: Soon to close Series A fund raise for expansion, valuation expected to skyrocket based on above

Onego Bio - ‘Egg Protein’

Creating Egg protein via precision fermentation

Reddit Thread: ‘Justice Department Opens Investigation, The Egg Market is Cracking, Can Science Hatch a Solution?’

Funding from Department of Defence

Collaboration with one of the largest multinational food companies

Factory the equivalent of 6 million hens due for completion in 2028.

Hoping to release product from pilot facility by end 2026/early 2027.

Latest Fundraise: 17 July 2025 $15.2m

Total Raised $70.8m

Tropic - ‘World’s First New Banana’

World’s first new commercial banana variety in 75 years using Crispr tech

More resistant to disease, less pesticides needed, longer shelf life, less browning

Reddit Thread: ‘First New Commercial Banana in 75 Years, 'The Banana That Doesn't Brown,' On Time's Top Inventions List, Available in Supermarkets Next Year’

Named one of Time’s best inventions

Latest Fundraise: 12 March 2026, $105 million

Total Raised $178m

Solar Foods - ‘Food From Air’

Found rare bacteria that eats c02 straight from the atmosphere and produces protein ‘Solein’ factories under construction.

Reddit Thread: ‘Raising over €100M, Solar Foods is Scaling up to Become Europe’s Largest Emissions-Reduction Project, Turning CO₂ into Food, Allowing us to Literally Eat Our Way out of the Climate Crisis’

Winner of NASA Space Food Challenge

Scaling Solein to industrial production in Finland. Estimated €700m revenue when expansion plan finished. Cheaper protein than WHEY.

Product Release: Has released a few experimental products, proper release by end of 2026

Latest Fundraise: 26 Feb 2026, Euro 25m equity raise

Total Raised: €120m

Supermeat - ‘Cultivated Chicken’

Creating cultivated chicken with aggressive moves to reduce costs.

See their process here

Reached Cost Parity

‘SuperMeat also announced a major cost-efficiency breakthrough: the ability to produce cultivated chicken at approximately US$11.79 per pound at scale, aligning cost with premium pasture-raised chicken in the US.’

Product Release: Aiming to release in Europe 2026, can eat in restaurant in Israel.

Latest Fundraise: Nov 24 2025, $3.5m

Total Raised: $18.5m

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The Future?

McKinsey projects the cultivated industry to be at $25B by 2030 and the Precision Fermentation industry to be at $100 to $150 billion by 2050. Even a small slice of the $1.4T global meat market = $140B. The pet food market alone is a $100B+ global market. Pets don’t care if it’s cultivated or fermented, early adoption has already started with meatly.

Investors in this industry are still early, most of these companies are currently building factories right now, legislation is being worked on, everything is getting ready for release, once the numbers come in the results to the share price will speak for themselves.

With renewables, once scorned, hitting over half of the UKs power generation despite all the misgivings and the endless complaints over the last 20 years the adage holds true, innovation always wins. With the relentless rise in the cost of food and worsening farmed animal conditions despite regulations and that many countries are facing food risk due to geopolitical issues.

You weren’t alive for the dot-com boom.
You were too young to do anything but watch Tesla go from “stupid electric car company” to one of the most valuable companies on Earth.
You’ve watched the AI bubble grow and grow and grow.
Now we are at the beginning of the next agricultural revolution.

Technology, the inevitable push of innovation, is the trigger behind every single one of these runs and it is coming for the single biggest industry on Earth; food.

Not an app, not a gimmick, not delivery, an actual industrial, technological replacement of agriculture itself. Something that makes holding livestock look like riding a horse to work.

Imagine using a horse and cart now.
Imagine using a typewriter now.
Imagine using an abacus now.
Imagine having to phone a stockbroker to buy stocks.
Imagine having to actually go to a bank to get cash.

Imagine having to grow an animal for years only to kill it for it's meat.

Every technological revolution was called ridiculous before it became obvious.

When you start to see the world in this lens everything that is happening and going to happen is blindingly obvious.

We are a few decades away from keeping animals for food seen as a quaint activity like horse riding.

And there is only one stock in the world that a retail investor can get into that covers this.

Cultivated meat.
Precision fermentation.
Industrial biomanufacturing infrastructure.

One day very soon this next technological revolution is going to become obvious to normal people, it is going to be just another ignored fact of life and then it is going to be too late.

Agronomics £ANIC $AGNMF

Despite doubling from the lows last year, the stock continues to hold flat rather than collapse back to 3–4p like any other pennystock might suggests the market is waiting. Those who have bought in are not selling. Factories are being finished this year, we are out of the lab and getting ready to go.

I mean really