The Pure-Play Plant-Based Food Stocks Index* tracks the 10 stocks in the fledgling plant-based fake meat, dairy, eggs, and seafood sector and it was down 3.8% last week and is now down 6.8% 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, according to Meticulous Research, will  be worth $74.2 billion in the next seven years.

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, in descending order, and YTD, in brackets, with the most recent news on every company.

1. Tofutti Brands (TOFB): +3.6% (+72.1%) to $3.15/share
   • no news of note
2. Else Nutrition (BABYF): -3.2%  (-14.2%) to $2.71/share
   • Announced that it will be rolling out its Plant-Based Complete Nutrition for Toddlers at over 100 Raley’s, Bel Air Markets and Nob Hill Foods locations in Northern California and Nevada in April 2021
3. Modern Meat Inc. (SUVRF): -8.6% (-26.6%) to $2.35/share
   • No news
4. The Very Good Food Company Inc. (VRYYF): -9.1% (-11.5%) to $4.32/share
   • Completed its first day of trading on the TSX Venture Exchange (TSXV) as of March 17, 2021. 
   • Announced the acquisition of the Lloyd-James Marketing Group Inc., awholesale and food service broker specializing in the plant-based food industry with a history of placement in large natural, specialty and conventional grocery retailers.
5. Plant&Co. Brands (VGANF): -12.5% (-14.6%) to $0.35/share
   • Announced it has made an investment in Sire Bioscience Inc. (SIRE), a CPG life science company focused on the plant-based foods and supplements industry which, itself, recently acquired Denver-based PlantFuel, Inc. for the purpose of creating a line of plant-based athlete focused food products 
   • Announced that its common shares are now eligible for electronic clearing and settlement through The Depository Trust Company in the United States.
   • Announced it has retained the iFranchise Group to oversee the launch and execution of a North American-wide franchise expansion plan for its YamChops - Grown Not Raised - vegan butcher shops. 
6. Eat Beyond Inc. (EATBF): -22.3% (-11.2%) to $1.67/share
   • Announced that it has invested in SIRE Bioscience (CSE: SIRE)
   • Announced that its portfolio company Nabati Foods Global Inc., formerly Nabati Foods Inc., has closed an oversubscribed $7.7 million private placement, and has restructured with plans to go public.

Average Sub-Total Performance: -7.4%  (-5.3% YTD)

1. Laird Superfood Inc. (LSF): -0.6% (-23.7%) to $36.94/share
   • Reported financial results for its fourth quarter and fiscal year ended December 31, 2020.
2. Beyond Meat Inc. (BYND): -2.1% (-0.4%) to $139.39/share
   • J.P. Morgan cut its price target to $91 a share, and reiterated a rating of underweight on the stock.
3. Tattooed Chef Inc. (TTCF): -2.7% (-9.0%) to $20.82/share
   • Announced that it has filed its Annual Report on Form 10-K for the fiscal year ended December 31, 2020
4. Guru Organic Energy (GUROF): -22.6%  (-10.7%) to $13.00/share
   • Reported its financial  results for the first quarter ended January 31, 2021
   • Announce that its plant-based energy drinks will soon be available in over 500 On-the-Run (Parkland), 250 Husky (Cenovus Energy), 300 Petro-Canada (Suncor), 147 Needs Atlantic (Sobey’s) and 50 MacEwen Petroleum convenience and gas bar locations across Canada. This will increase GURU’s presence in Canadian markets outside of Quebec to over 4,500 points of sale.

Average Sub-Total Performance: -3.8% (-6.8% YTD)

*Please note: The 10 pure-play stocks in the munKNEE Pure-Play Plant-Based Food Stocks Index are just that, pure, and 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.