FN Media Group Presents Microsmallcap.com Market Commentary
New York, NY – March 2, 2021 -The drumbeat towards massive global production of plant-based foods is growing louder. Mega-billionaire Bill Gates recently addressed this shift in his new book, stating that with plant-based meat alternatives “You can get used to the taste difference.” Most recently, PepsiCo, Inc. (NASDAQ:PEP) entered a partnership with Beyond Meat to develop, produce, and market plant-based snacks and beverages. Newly formed partnerships like these are emerging each month, as food industry giants including Tyson Foods, Inc. (NYSE:TSN) are betting that the plant-based trend is not just a fad. The movement has given rise to products from innovators such as Plant&Co. Brands Ltd. (CSE:VEGN) (OTCPK:VGANF), The Very Good Food Company (CSE:VERY) (OTCQB:VRYYF), and Tattooed Chef Inc. (NASDAQ:TTCF) each delivering new takes on what the plate of the future will have on it.
Back in January, Plant&Co. Brands Ltd. (CSE:VEGN) (OTCPK:VGANF) announced the acquisition of YamChops, Canada’s first plant-based butcher—which specializes in the preparation, distribution, and retail sales of over 48 proprietary plant-based meats, chicken, pork, fish, and various other vegan style food products in both a business-to-business (B2B) and business-to-consumer (B2C) revenue models.
And already the investment is paying off. In a recent update on the asset, the YamChops brand posted a 689% increase in online plant-based food products sales in the second half of 2020, versus the same period of 2019.
Plant&Co. followed up the YamChops move with the completion of another big acquisition—the ever popular breakfast cereal company, Holy Crap Brands Inc.
“We start 2021 in an enviable position of bringing two powerhouse brands, Holy Crap and YamChops, under the Plant&Co brand umbrella,” said Shawn Moniz, CEO of Plant&Co. “Our product portfolio is now at 52 plant-based and proprietary food products which are available for consumer purchase at our YamChops plant-based butcher shop, our online eCommerce stores, and several SKUs are available at over 13 distribution retailers.”
The timing for these two acquisitions comes at a time when analysts see continued large growth in the plant-based sector. The Plant Based Foods Association and the Good Foods Institute reported data showing that plant-based foods had a $5 billion market in 2019 in the US, with year-over-year sales growth of 11.4%. By 2026, the plant-based protein market is projected to be worth $15.6 billion.
“Our product sales and market share of the growing plant-based sector is increasing,” added Moniz. “We have the resources to invest in our current line of products and the development of future products and will use U.S. focused packaging and marketing strategies to aggressively expand our own product lines within the United States. We look to make an immediate impact to the plant-based food landscape in North America with our scalable operating facilities plus an extensive distribution system throughout Canada and into the U.S. marketplace.”
Another contender coming from Canada is The Very Good Food Company (CSE:VERY) (OTCQB:VRYYF), based out of Victoria, BC. The west coast producers of the popular plant-based meat-focused The Very Good Butchers brand recently made their own significant acquisition, picking up vegan cheese producer Cultured Nut.
“The acquisition of Cultured Nut allows VERY to efficiently enter into the dairy alternatives space,” said The Very Good Food Company’s CEO, Mitchell Scott. “This is a significant milestone in the realization of our long-term strategy of owning several brands under the banner of the Very Good Food Company in all major food categories providing consumers fun, innovative and healthier plant-based alternatives to everyday animal-based products.”
The news of the acquisition followed a January announcement of the company’s newest flagship butcher shop in downtown Victoria, Canada—offering a more prominent presence, with an outdoor patio and larger footprint than the company’s current location in the Victoria Public Market.
Built on a goal of making plant-based foods tasty and more mainstream, Tattooed Chef Inc. (NASDAQ:TTCF) successfully made the leap onto the market through a special purpose acquisition company (SPAC) deal, which was approved last October. Now the company already has deals in place with Costco and Target, among other major retail presences, and is so far a hit with customers.
Tyson Foods, Inc. (NYSE:TSN) was recently joined by the world’s top meat supplier JBS SA, out of Brazil, in targeting the demand for faux meat. Both JBS and Tyson entered the plant-based meat market in 2019, with Tyson unveiling its own plant-based nuggets in the late Spring of that year. By November of 2020, Tyson announced they’d up their presence in the plant-based space by retooling its Raised and Rooted brand. No more will the company offer its hybrid products, instead focusing the Raised and Rooted brand solely on plant-based meat alternatives.
Beyond Meat Inc. is partnering with snacks and beverages mega-brand company PepsiCo, Inc. (NASDAQ:PEP) in a high-profile collaboration to make and market new plant-based snacks and drinks—dubbing the new venture The PLANeT Partnership LLC.
“With PepsiCo’s reach and distribution, Beyond Meat will be able to enter new categories and channels and accelerate bringing these products to markets around the world,” the companies jointly said in an email.
Big partnerships like those announced by Plant&Co help to solidify a company’s position in this growing marketplace as it continues to make its way into mainstream consumers’ hearts – and mouths.
Disclaimer: Microsmallcap.com (MSC) is the source of the Article and content set forth above. References to any issuer other than the profiled issuer are intended solely to identify industry participants and do not constitute an endorsement of any issuer and do not constitute a comparison to the profiled issuer. FN Media Group (FNM) is a third-party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated with MSC or any company mentioned herein. The commentary, views and opinions expressed in this release by MSC are solely those of MSC and are not shared by and do not reflect in any manner the views or opinions of FNM. Readers of this Article and content agree that they cannot and will not seek to hold liable MSC and FNM for any investment decisions by their readers or subscribers. MSC and FNM and their respective affiliated companies are a news dissemination and financial marketing solutions provider and are NOT registered broker-dealers/analysts/investment advisers, hold no investment licenses and may NOT sell, offer to sell or offer to buy any security.
The Article and content related to the profiled company represent the personal and subjective views of the Author (MSC), and are subject to change at any time without notice. The information provided in the Article and the content has been obtained from sources which the Author believes to be reliable. However, the Author (MSC) has not independently verified or otherwise investigated all such information. None of the Author, MSC, FNM, or any of their respective affiliates, guarantee the accuracy or completeness of any such information. This Article and content are not, and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action; readers are strongly urged to speak with their own investment advisor and review all of the profiled issuer’s filings made with the Securities and Exchange Commission before making any investment decisions and should understand the risks associated with an investment in the profiled issuer’s securities, including, but not limited to, the complete loss of your investment. FNM was not compensated by any public company mentioned herein to disseminate this press release but was compensated twenty five hundred dollars by MSC, a non-affiliated third party to distribute this release on behalf of Plant&Co. Brands Ltd.
FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.
This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and MSC and FNM undertake no obligation to update such statements.
FN Media Group, LLC