Minneapolis-St. Paul, Minn., September 6, 2017 – Following a successful initial public offering (IPO) in July 2017, Calyxt, Inc. (NASDAQ:CLXT), a consumer-centric, food- and agriculture-focused company, today announced that the Company will break ground on its new concept-to-fork facility in Roseville, Minn., on Thursday, Sept. 7, 2017, at 9 a.m. CT. The 11-acre site will house Calyxt’s nearly 40,000-square-foot Company headquarters, state-of-the-art research labs and test kitchen. The new construction will be adjacent to the recently completed 11,000+-square-foot greenhouses and the existing outdoor demonstration plots.
“This groundbreaking marks a pivotal moment in the history of Calyxt, as the new facility has been specifically designed to bolster scientific innovation when it comes to creating the next-generation of healthy foods for consumers,” said Federico Tripodi, Calyxt CEO. “Additionally, the facility will not only further engrain Calyxt into the Minnesota agriculture community, but it will also enable us to accelerate the development of our growing pipeline and inch us closer to our first commercialized product, the high-oleic soybean, in 2018.”
Calyxt has partnered with a developer to custom-build the new facility, and completion is planned for the spring of 2018. This facility will further support Calyxt’s growth plans for increased process automation and staff expansion to up to 100 employees, including new recruits for a variety of positions—from scientists to commercial personnel—at the Company.
