Pure-Play Plant-Based Food Stocks Index Continues To Decline - Now Down 35% YTD

This article updates the performances of the 5 fake meat, dairy, egg, and seafood companies last week in the munKNEE Pure-Play Plant-Based Food Stocks Index with their YTD performances in brackets.

Note that each constituent has hyperlinks to 4 areas of additional information which are imperative for any individual considering investing in this sector:

  • The company name is hyperlinked to its web site to provide you with a description of the company and an analysis of its stock.
  • The trading symbol is hyperlinked to additional financial data and commentary on the company (where available).
  • The percentage change YTD is hyperlinked to a chart of the company's stock performance.
  • The "financial distress" percentage is sourced from macroaxis.com.
  1. Laird Superfood (LSF): UP +1.6% last week; (DOWN -52.5% YTD)
    • has a +62% chance of experiencing financial distress in the next 2 years of operation.
  2. Else Nutrition (BABYF): UP +1.1%; (UP +2.2% YTD)
    • an Israel-based food and nutrition company focused on developing innovative, clean and plant-based food and nutrition products for infants, toddlers, children, and adults.
    • has a+24% probability of financial distress in the next few years of operation.
  3. The Very Good Food Company (VGFC): DOWN -1.9%; (DOWN -28.4% YTD)
    • designs, develops, produces, distributes, and sells a variety of plant-based meat and other food alternatives to customers in Canada and the United States.
    • has a 66% probability of financial distress in the next few years of operation.
  4. Tattooed Chef (TTCF): DOWN -6.2%;  (DOWN -25.3% YTD)
    • offers a broad portfolio of plant-based food products that are available in the frozen food sections of national retail food stores across the United States.
    • has -25% chance of experiencing some form of financial distress in the next two years of operation.
  5. Guru Organic Energy Corp. (CSE: GURU; GUROF): DOWN -32.5%;  (DOWN -32.5% YTD)
    • a Montreal, Canada beverage company launched in 1999, when it pioneered the world’s first natural, plant-based energy drink.
    • has a +75% chance of experiencing financial distress in the next few years of operation.

The average market capitalization of the above 5 stocks is $190M with an average stock price of $5.50/share. (The aforementioned currency amounts are in U.S. dollars. Go here to convert to another currency.)

Not included in the Index are two huge companies with market capitalizations in excess of $4B which performed, as follow, last week with the percentage change YTD in brackets:

  1. Oatly Group (OTLY): DOWN -3.4%; (DOWN -15.5% YTD)
  2. Beyond Meat (BYND): DOWN -15.0%; (DOWN -31.7% YTD)

The 5 stocks in the munKNEE Pure-Play Plant-Based Food Stocks Index are focused almost exclusively on the research, development, sales, distribution, and marketing of vegan food products; as such, we think the Index reflects the true health of the plant-based food sector in the U.S. and Canada.

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