Pure-Play Plant-Based Food Stocks Index Continues To Appreciate
The new Pure-Play Plant-Based Food Stocks Index* tracks the price performance of the 6 stocks in the fledgling plant-based fake meat, dairy, eggs, and seafood sector to complement the Pure-Play Pot Stock Index and the Pure-Play Psychedelic Stocks Index.
Below are the introductory paragraphs, and links, to my recent exclusive articles on TalkMarkets on each company, followed by their stock performances since the last report on Friday, December 11th:
Constituent Introductions and Stock Performance Comparisons
The Index is divided into two categories – those (four) trading for less than US$10share and those (two) trading at much higher prices – to provide more meaningful comparisons and conclusions as to the performance of the Index.
- The Very Good Food Company Inc. (VRYYF): designs, develops, produces, distributes, and sells a variety of plant-based "meat" and other food alternatives including The Very Good Butcher products.
- -20.3% since December 11th.
- Award Winning Modern Meat Inc. Is Disrupting The Traditional Meat Industry (SUVRF): Recognizing a gap in the market for nutritious and satisfying meat alternatives that were soy-, gluten-, nut-, and GMO-free the company quickly became the fastest-growing alternative-meat company in Canada.
- +2.3% since December 11th.
- Else Nutrition: Plant-Based Food Products For Young Children (BABYF): The steady rise in plant-based products indicates that this is not a bubble or a fad, but a real change in consumer behavior – a tipping point. One of those companies with truly innovative products is Else Nutrition Holdings Inc.
- -5.6% since December 11th.
Average Sub-Total Performance: -11.6% since December 11th.
- 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.
- +22.4% since December 11th.
- 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.
- +22.4% since December 11th.
Average Sub-Total Performance: N/C in price since December 11th.
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 developing and commercializing innovative alternative meat, seafood, eggs, and dairy food products and 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 munKNEE Pure-Play Plant-Based Food Stocks Index) is publicly traded. You can read my exclusive article on Eat Beyond here.
- Eat Beyond is up 1.0% since December 11th.
*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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If mad cow ever hits the meat industry again these stocks will go up in price big time.