E Pure-Play Plant-Based Food Stocks Index Continued To Sour In May; -24% YTD

TM editors' note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.

The Pure-Play Plant-Based Food Stocks Index tracks 10 stocks in the fledgling plant-based fake meat, dairy, eggs, and seafood sector. It was -2% in May and is now -24% YTD. 

Chris Thompson, President and Director of Equity Research at eResearch Corporation, the new parent company of munKNEE.com, reports that:

  • about 9.7 million Americans now follow a plant-based diet up from just 290,000 in 2004,
  • year-over-year sales are growing by 11.4% p.a.,
  • the market sector should be worth $74.2 billion in the next seven years of which the plant-based meat market, specifically, will be worth $35.4 billion by 2027, and that
  • online grocery sales of vegan products are growing 5x faster than other product categories, generating the highest growth in the consumer goods sector.

The 10 stocks in the Pure-Play Plant-Based Food Stocks Index consist of:

  • 5 nano-cap stocks (Group #1) with market capitalizations ranging from $11M to $43M and average just $20M, and
  • 5 micro-cap stocks (Group #2) with market capitalizations ranging from $176M to $546M and an average $365M.

Below is the stock price performance for each Group for the month of May (and YTD in brackets) in descending order, with the advancers and decliners in each Group over that period of time with the most recent major news on every company:

The 5 stocks in Group #1:

  1. Tofutti Brands (TOFB): +28.8% (+90.7% YTD) to $3.49/share
    •  reported favorable, albeit delayed, Q1, 2021, financial results
  2. Plant & Co Brands (VGANF): +5.9% (-56.1% YTD) to $0.18/share
    • reported a 53% increase in monthly sales for April 2021 compared to February 2021 as a result of the closing of the Holy Crap Breakfast Cereal acquisition in February 2021.
  3. PlantFuel Life (CSE: FUEL)(BLLXF): -16.1% (+271.4% YTD) to C$0.26/share
    • changed its name from Sire Bioscience Inc. to PlantFuel Life Inc. and began trading under the new name and ticker symbol “FUEL” effective at the opening of trading on Friday, April 30, 2021.
    • announced that it had entered in to a nationwide distribution agreement with leading retailer, GNC, effective August 2021
  4. Modern Plant-Based Foods (MDRNF): -17.6% (-54.7% YTD) to $1.45/share
    • announced that it is expanding its presence in the province of Alberta, Canada, through Calgary Co-Op retail outlets with the listing of their Modern Crab-less Cakes.
  5. Eat Beyond Global (EATBF): -31.9% (-56.9% YTD) to $0.81/share
    • announced that it has invested in Daydream Drinks Inc., a beverage company that has created Canada's first sparkling water infused with hemp extracts and adaptogens.
    • announced that its portfolio company good-natured (TSXV: GDNP) has acquired the operating assets of Ex-Tech Plastics Inc. for cash consideration of $14.1 million (USD).
    • announced that its portfolio company Nabati Foods Global Inc. recently completed construction of a new manufacturing facility in Edmonton, Alberta, which is roughly five times larger than the original pilot plant.
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