Believer Meats, a cultivated meat company, has announced that it is shutting down after two years of operation. The decision, described as difficult by the company's Global Vice President of Talent & Human Resources, comes amidst a lawsuit filed against Believer Meats for failing to pay bills totaling $34 million. Despite previously receiving positive feedback from regulatory agencies and completing the construction of a large-scale production facility in North Carolina, the company ultimately could not sustain its operations.

The closure of Believer Meats is a disappointing outcome for the world-class team that was assembled and the company's mission to create a better food future. The team, comprised of talented individuals with diverse skills in engineering, biotechnology, and other fields, had successfully navigated the challenges of cultivated meat production. While the company's closure is regrettable, the support for its vision of a sustainable food system remains strong among its stakeholders.