E Plant-Based Food Stocks Index Showed Some Weakness Last Week

Average Sub-Total Performance: +23.1% on top of +35.6% the previous week

  1. Laird Superfood Inc. Capitalizing On Rapid Growth In Plant-Based Foods (LSF): The plant-based beverage market was valued at $11B in 2017 and is expected to reach $20B by 2023, growing at 12% CAGR, and Laird Superfood is capitalizing on that growth.
    • -1.1% vs. +1.8% the previous week
  2. Q3 Financial Report Shows How Hard COVID-19 Affected Beyond Meat Inc. (BYND): People hardly talked about things like vegan/vegetarian, chemical-free, GMO-free, hormone-free, gluten-free, and so on, a decade ago but it is a megatrend today.
    • -1.8 vs. +4.1% the previous week

Average Sub-Total Performance: -1.6% vs. +3.5% the previous week

In summary, the Pure-Play Plant-Based Food Stocks Index advanced 0.3% last week vs. +4.9% the previous week.

In addition, we are also tracking the performance of Eat Beyond Inc. (CSE:EATS) which was listed on the Canadian Securities Exchange on Wednesday, November 17th at C$0.78. The company invests in companies that are developing and commercializing innovative alternative meat, seafood, eggs, and dairy food products as well as companies that offer vegan packaging supplies and services to the sector. There are currently 7 companies in its portfolio of which only The Very Good Food Company (also a constituent in the Pure-Play Plant-Based Food Stocks Index) is publicly traded. You can read my exclusive article on Eat Beyond here.

  • Eat Beyond went up 39.0% last week on top of +36.7% the previous week.

*Please note: The 6 pure-play stocks in the munKNEE Pure-Play Plant-Based Food Stocks Index are just that, pure, focused almost exclusively on the research, development, sales, distribution, and marketing of vegan food products and, as such, the Index reflects the true health of the plant-based food sector in the U.S. and Canada.

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