E Market Continues To Eat Into The Plant-Based Food Stocks Index

The Pure-Play Plant-Based Food Stocks Index* tracks the 9 stocks in the fledgling plant-based fake meat, dairy, eggs, and seafood sector and it was down 5.5% last week and is now down 7.4% YTD. Below are links to recent articles on each company followed by their stock performances last week and YTD with the most recent news on every company.

Please note: Every company name has been hyperlinked to a previous article on the company and every company trading symbol has been hyperlinked to provide stock charts, in-depth financial data, and links to other articles on the company to enable the reader to do their due diligence before making a decision to invest in this sector. Also keep in mind that several of the stocks in the Index are microcaps which may be susceptible to manipulation by unscrupulous speculators. All prices are in USD unless otherwise noted. Go here to convert to another currency.

According to a 2020 study by Ipsos Retail Performance, about 9.7 million Americans now follow a plant-based diet up from just 290,000 in 2004 and this may just be the start. According to the Plant Based Foods Association and the Good Foods Institute we should see continued major growth in the plant-based sector with year-over-year sales growth of 11.4% and be worth $74.2 billion in the next seven years, according to Meticulous Research.

Constituent Introductions and Stock Performance Comparisons

The Index is divided into two categories – those five (5) trading for less than US$10/share and those four (4) trading at much higher prices –  to provide more meaningful comparisons and conclusions as to the performance of the Index. Below are links to recent articles on each company followed by their stock performances last week and YTD, in brackets, with the most recent news on every company.

  1. The Very Good Food Company Inc. (VRYYF): -9.2% (-14.5%) to $4.17/share
    • Acquired The Cultured Nut Inc., a plant-based cheese company located in Victoria, British Columbia which, according to CEO, Mitchell Scott, 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."
  2. Modern Meat Inc. (SUVRF): -8.5% (-16.3%) to $2.68/share
    • No news
  3. Else Nutrition (BABYF): -7.2%  (-18.4%) to $2.58/share
    • Launched its own Amazon Brand Store on Amazon.com as a result of a significant surge in online demand for its products to provide an improved product selection and purchase experience and better communication of the Else brand story
  4. Plant&Co. Brands (VGANF): N/C (-4.9%) at $0.39/share
    • Announced plans to aggressively expand its reach across North America by franchising its popular YamChops vegan butcher stores that specialize in the preparation, distribution, and retail sales of 45 proprietary plant-based meats, chicken, pork, fish, and various other vegan style food products
  5. Eat Beyond Inc. (EATBF): -19.0% (N/C) to $1.88/share
    • Announced that it has joined Protein Industries Canada, an industry-led, not-for-profit, organization created to position Canada as a global source of high-quality plant protein and plant-based products.
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William K. 1 month ago Member's comment

A non-diversified portfolio will indeed be subject to forces that would not afflict a diversified portfolio. And there are some non-logical drivers to the public acceptance of these companies.