Image by Sean Hayes from Pixabay

After many months of decline the munKNEE Pure-Play Plant-Based Food Stocks Index, which consists of 5 fledgling fake meat, dairy, egg, and seafood stocks with market capitalizations between $100M and $1B, showed some life last week advancing by +9.3% although it is still DOWN -37.8% YTD. Below is the stock price performance of each of the 5 constituents last week and YTD presented in descending order:

1. Tattooed Chef (TTCF): +19.2% last week: now only -12.2% YTD
   •  the company had no news releases this week
2. The Very Good Food Company (VRYYF): +12.7%; now -49.0% YTD
   • announced the launch of its Butcher’s Select sausages, meatballs and burgers
3. Laird Superfood (LSF): +8.4%; now -59.3% YTD
   • announced the launch of the third product, the Homemade Pancake & Waffle Baking Mix, in its line of easy-to-make, plant-based Homemade Baking Mixes. 
4. Guru Organic (CSE: GURU; GUROF): unchanged; -5.2% YTD
5. Else Nutrition (BABYF); -2.1%; now -27.8% YTD
   • announced results for its second quarter ended June 30, 2021.

The average market capitalization of the above 5 stocks is $342M with an average stock price of $11.67/share.

Please note that:

• Plant & Company Brands (VGANF), Eat Beyond Global (EATBF), Plant Fuel Life (CSE: FUEL), Modern Plant Based Foods (MDRNF) and Tofutti Brands (TOFB) have market capitalizations of less than $100M and Beyond Meat (BYND), with a whopping $7.7B market capitalization and price of $121.50/share, are excluded from the Index as their inclusion would mask the performance of the other plant-based food stocks in the sector.

The 5 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.