company
bio honey
+6.1%
Base:206.4
opening:215
High:219
low:212
change:259,168
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engaged in the development of an industrial process for the production of cultured honey, announced today that it has successfully completed a comprehensive self-examination carried out with the assistance of an American attorney’s office specializing in the field of food regulation in the United States of all the components of a cultured honey product that it developed and is intended to be marketed as a food product in the American market.
The conclusion of the company’s self-examination, with which the US attorney’s office agreed, is that all of the product’s components are legal and permitted for use in food in accordance with the Federal Food, Drug and Cosmetic Act (FDCA) and its implementing regulations when they are used to manufacture the product. For Bio Honey, the company’s self-examination The fact that all of the product components proactively added for the production of its cultured honey product meet FDA requirements, is of great significance for the promotion of the legal marketing of the cultured honey product in the American market.
The company defines the product as cultured honey produced without bees in a process that combines nectar components from plants and proteins that are produced through precise fermentation and mimic the action of the enzymes in the bee’s stomach.
The self-test only refers to the regulatory status of the ingredients that the company proactively adds to its product. The company will separately ensure that its final product complies with additional requirements of US food laws, including product name and label requirements.
The Bio Honey share has fallen by 73% since the beginning of the year to a price of NIS 2.2, which represents a market value of NIS 40.3 million. The company lost about NIS 7.3 million in the first half of the year. In 2021 as a whole, the company lost about NIS 44.7 million.
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