The plant-based food revolution is only growing stronger. To date, Tyson, Smithfield, Perdue, Hormel, and Nestle have jumped on the plant-based bandwagon. Even fast food chains like McDonald’s introduced a McPlant meatless burger. “Plant-based foods are revolutionizing the way people eat across meal occasions, including breakfast,” said Scott Glenn, senior director of marketing, Jimmy Dean brand, as quoted in a company press release. However, that may just be the start, with the plant-based food and beverage market expected to reach $32.29 billion by 2027, according to Emergen Research. It’s all creating big opportunity for companies like Plant & Co. Brands Ltd. (CSE: VEGN)(OTC: EURPF), Amazon.com Inc. (NASDAQ:AMZN), Guru Organic Energy Corp. (TSX:GURU), Very Good Food Company Inc. (CSE:VERY)(OTC:VRYYF), and Burcon NutraScience Corp. (TSX:BU)(OTC:BUROF).
Plant & Co. Ltd. (CSE: VEGN)(OTC: EURPF) BREAKING NEWS: Plant & Co. Ltd. is pleased to announce the welcomed addition to its advisory board with the immediate appointment of Robert Chalmers. Rob Chalmers has worked in the Canadian capital markets for over 20 years primarily in investment banking. Robert started his career in investment banking sector at Sprott Securities and spent time at Canaccord and Macquarie before venturing out on his own. Robert has significant experience advising emerging and mid-market companies navigating their way through the public markets for the first time. His expertise is in constructing syndicates, structuring capital raises and advising companies on creative M&A transactions.
“Robert is an important addition to our talented and entrepreneurial team as we focus on establishing a beachhead position in the US plant-based food sector,” said Shawn Moniz, CEO of Plant &Co. “Robert has an impressive track record in the capital markets and M&A space, and most recently forged into the plant-based food industry in the US-based markets. We welcome Robert into the Plant & Co family and look forward to leveraging his expertise as we grow the company and achieve our set out milestones of growth. It is an exciting time at Plant & Co and we strive to continue building up an industry recognized and capital markets-enabled advisory team.”
Other related developments from around the markets include:
Amazon.com Inc. (NASDAQ:AMZN) announced its first-ever purchase of eleven Boeing 767-300 aircraft, expanding its fleet to continue to serve customers. The purchases include seven aircraft from Delta and four aircraft from WestJet, which will join the network by 2022. AmazonAir’s fleet expansion comes at a time when customers are relying on fast, free shipping more than ever. “Our goal is to continue delivering for customers across the U.S. in the way that they expect from Amazon, and purchasing our own aircraft is a natural next step toward that goal,” said Sarah Rhoads, Vice President of Amazon Global Air. “Having a mix of both leased and owned aircraft in our growing fleet allows us to better manage our operations, which in turn helps us to keep pace in meeting our customer promises.”
Guru Organic Energy Corp. (TSX:GURU), Canada’s leading organic energy drink brand, will report its financial results for the fourth quarter and fiscal year ended October 31, 2020, on Thursday, January 21, 2021, before markets open. Management will hold a conference call to discuss its financial results the same day at 10:00 a.m. ET. The conference call will include a Q&A period open exclusively to financial analysts who are invited to participate by using the dial-in number provided below. Other interested parties are invited to participate in the call on a listen-only basis and are encouraged to do so via live audio webcast, which will be available on GURU's website.
Very Good Food Company Inc. (CSE:VERY)(OTC:VRYYF) is pleased to announce that it has signed a non-binding letter of intent for the acquisition of all the shares of The Cultured Nut Inc., a popular plant-based cheese company located in Victoria, British Columbia, with current distribution in several online and grocery retailers including SPUD.ca and select Whole Foods stores. The Cultured Nut is a rapidly growing and highly successful artisan vegan cheese manufacturer on the West Coast of Canada with a well established line-up of innovative products consisting of block style cheeses, cream cheese and plant-based butter, which are tree nut based and both soy and gluten free. VERY has been selling The Cultured Nut's artisan vegan cheese products in its eCommerce and retail stores since September 2017 with overwhelmingly positive results and feedback.
Burcon NutraScience Corp. (TSX:BU)(OTC:BUROF), a global leader in developing functionally and nutritionally valuable plant-proteins, reported results for the year ended March 31, 2020. “Fiscal 2020 was truly a transformational year for Burcon,” said Johann F. Tergesen, Burcon’s president and chief executive officer, adding, “Coming out of the year, we have a strong balance sheet, we established the Merit Functional Foods joint venture and we partnered with Nestlé, the largest food and beverage company in the world. Through the Merit Foods joint venture, we are well advanced in building a state-of-the-art production facility to produce our unique pea and canola proteins as well as our new protein blends. The production facility, which is on track to be completed in Q4 2020, will be the only commercial facility in the world with the capability to produce non-GMO food grade canola proteins.”
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