E Market Took A Bite Out Of The Plant-Based Food Stocks Index In February

  1. The Very Good Food Company Inc. (VRYYF) -5.9% YTD to $4.59/share
    • announced new retail distribution with Quality Foods and additional distribution points with Sobeys Inc. through its Safeway retail network. 
    • received conditional approval to list its common shares on the TSX Venture Exchange
    • took official custody of the Rupert (Vancouver) production facility
    • signed a non-binding letter of intent for the acquisition of all the shares of The Cultured Nut Inc., a plant-based cheese company located in Victoria, British Columbia
  2. Modern Meat Inc. (SUVRF-8.4% YTD to $2.93/share
    • no recent news of note
  3. Else Nutrition (BABYF) -12.2% YTD to $2.78/share
    • announced an agreement with U.S. based international online retailer of wellness and nutrition products, iHerb Inc., to distribute its products to millions of potential customers in over 180+ countries beyond the U.S.
    • began a national rollout in over 350 stores nationwide at Sprouts Farmers Market
    • successfully completed a trial run of its new Plant-Powered Complete Nutrition for Kids products
    • signed an agreement with Thrive Market, a U.S.-based online retailer of wellness, nutrition and better-for-you food products, as another gateway into the U.S. natural foods market
  4. Plant&Co. Brands (VGANF) -4.9% YTD to $0.39/share
    • completed its acquisition of Holy Crap to form a new division focused on creating innovative brands products focused on gut-health wellness.
    • appointed Donna Reddy, a strategic and results-driven leader in the marketing and branding industry, President, effective immediately
    • acquired YamChops which specializes in the preparation, distribution, and retail sales of 17 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
  5. Eat Beyond Inc. (EATBF+23.4% YTD to $2.32/share
    • made an investment in, and added, Plant Power Restaurant Group, LLC to its portfolio.
    • completed an investment in Zoglo's Incredible Food Corp., a leading company offering kosher, plant-based meat, appetizers and veggie products, by joining its recent seed round. Zoglo's has plans to become publicly traded via reverse take over in the coming months.
    • announced that its portfolio company Nabati Foods Inc.  now has its Nabati Mozzarella Style Cheeze Shreds included in COBS new plant-based Beyond Sausage® Arrabbiata Mini Pizza
    • announced that its portfolio company good natured Products Inc. (TSXV: GDNP) has released its annual letter to shareholders showing exceptional revenue growth for the fiscal quarter ended December 31, 2020 and excellent projected growth for FY2020
    • completed an investment in Above Food Inc., a company that develops and distributes premium, whole plant alternatives to meat and dairy
    • joined Plant-Based Foods of Canada
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William K. 2 months ago Member's comment

While a narrow focus may play some trends very well, there is a lot to be said in favor of diversification. As we see here.