Impossible Foods expects a financial downturn to weigh on its business, the three sources said. Earlier this week it raised roughly $500-million in a series-F funding round to bolster its finances and fund expansion.The fundraising has also increased the amount of money banks are comfortable lending the company, another factor in its decision to explore the credit line, the sources said.
The sources, who requested anonymity as the matter is private, cautioned that the deliberations are still preliminary and that the final decision will be influenced by how the coronavirus outbreak evolves over the coming weeks. Impossible Foods declined to comment.
globebusiness Lots of industries are affected by this. Many educators are on EI too.
globebusiness Does or its owners own shares in these companies ? Will you be running similar stories for all businesses facing issues or is this just more free advertising ?
globebusiness Gross who eats this estrogen, sodium, and preservative-packed junk?
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