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Marijuana Strategic Ventures, Inc. (OTC: MSVI) Now Mushrooms Inc. Shares Industry Highlights of the Industrial Mushroom Market for Investor Awareness
Marijuana Strategic Ventures, Inc. (OTC: MSVI) Now Mushrooms Inc. Shares Industry Highlights of the Industrial Mushroom Market for Investor Awareness.
About this update from Mushrooms, Inc.
[{"type":"text","content":"\n ESTERO, Fla., July 28, 2022 (GLOBE NEWSWIRE) -- Marijuana Strategic Ventures, Inc. (the “Company”)(OTC: MSVI) now Mushrooms Inc. shares industry highlights of the industrial mushroom market for investor awareness. Mushrooms Inc – Marijuana Strategic Ventures has changed its name to Mushrooms Inc. We are awaiting official name and ticker changes while we make headway in the industrial mushroom market, functional mushroom market and mushroom related innovation. The purpose of this release is to bring awareness to the success of the newly developing industrial mushroom market. INDUSTRIAL MUSHROOM MARKET- In the industrial mushroom market we are hearing most about mycelium structured fabrics that are comparable to leather and mushroom mycelium grown packaging to replace one-use items like Styrofoam. Investors are showing their interest in this market through financial support of the mushroom innovators as well as by supporting the companies that make the switch to mushroom mycelium grown products. Several recognizable companies, such as IKEA and Dell Computers have integrated the packaging into their shipping plans. Others have partnered with the pioneers of the technology such as Sealed-Air. In the United States we have recently seen $750 million dollars invested into 3 private companies pioneering the industrial mushroom market in the United States. This is a new market with only around 10 years of serious development. Ecovative leads with longevity and patented research milestones. They have raised $110 million for their U.S. mushroom business, focused mainly on meat food substitutes and green packaging. Their headway has allowed Bolt Threads newest product MYLO, a luxury leather-like product made from Mycelium, to raise over $470 million to date, including a $253 million Series E in September. And if we stay on the same mycelium fabric trend we have MYCOWORKS, who has raised a total of $170 million over the last few years for their proprietary luxury version of the mycelium leather. If we step out of the United States we see growing support for mycelium based products including a recent $14 million for Myco in Kyjov, Czech Republic for their green packaging and others like NOLO in Oslo, Norway who have had successful investment seed funding. Mushrooms Inc. is carefully positioning itself in this market with ...