Phoenix, AZ—Sprouts Farmers Market, which operates over 150 stores and was the 2013 WholeFoods Retailer of the Year, officially set the terms of its initial public offering on the NASDAQ stock exchange. The company seeks to pay down $247.6 million in debt and other costs through the sale of 18.5 million shares, at prices ranging from $14–$16. The fully diluted market capitalization of the company at the midpoint of this price range would be $2.3 billion, according to the NASDAQ Web site.

A new study published in Environmental Research Letters examines the relationship between attempts to improve global food security and to mitigate climate change. The findings revealed that these two efforts can potentially form a virtuous circle, where improvements in agricultural yields may cut down greenhouse gas emissions, on top of providing more food.

depression curcumin

Chester, NJ—A recent clinical trial published in Phytotherapy Research indicated that a high-absorption curcumin (BCM-95 from Dolcas Biotech, based here) had similar effects as a generic form of Prozac (fluoxetine) on depression, sans the adverse effects.

natural social media

Chicago, IL—Experts believe promotional posts should comprise only 20% or less of a business’s social media content. What about the remaining 80%? To help create informative, balanced content for natural products retailers, The Shelton Group (a public relations firm, based here) is now offering a social media service called The Organic Social Club.

News and notes from industry suppliers.

diabetes supplement

Silver Spring, MD—On July 23, the U.S. Food and Drug Administration (FDA) announced it is taking steps to remove dietary supplements from the market that it says are associated with illegal health claims. The agency sent warning letters to 15 companies it feels are making illegally marketed diabetes products, insisting the firms respond sufficiently and correct violations within 15 days. Otherwise, FDA may seize products or file for criminal prosecution.

The story of Tofutti is one of triumph, loss and three divine brushes with fate.

Holding the reigns of this successful company is founder and CEO David Mintz, a jovial, passionate businessman who has yet to abandon the eye of the tiger that served him well for over three decades. With a lot of prayer and even more spirit, Mintz revolutionized the tofu industry and established a business that features over 75 dairy-free products.

Minneapolis, MN—Furthering the trend of big-box retailers entering the rapidly growing natural and organic foods market, Target Corp. has begun to roll out a store brand of organic and natural foods called Simply Balanced. The first products in the line include drinks and snacks, but the retailer has plans to expand it to more than 250 products over the next several months.

Washington, D.C.—The Non-GMO Project Verified label, which has become more pervasive in recent months, has been approved for meat and liquid egg products by the Food Safety and Inspection Service (FSIS), a branch of the U.S. Department of Agriculture (USDA). It becomes the first non-genetically modified organism (non-GMO) label claim to be approved by USDA.

Health News and Current Events

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