The plant-based food market is booming. In fact, analysts at Credit Suisse say the market could grow 100-fold by 2050. They also believe that a plant based shift in global food systems in “inevitable,” as noted by The Beet, and that the market could reach $1.4 trillion by 2050. That could be substantial for companies such as Komo Plant Based Foods (CSE:YUM) (OTC:KOMOF)(FSE:9HB), Beyond Meat Inc. (NASDAQ:BYND), Very Good Food Company Inc. (TSXV:VERY)(OTC:VRYYF), Tattooed Chef Inc. (NASDAQ:TTCF), and Else Nutrition Holdings Inc. (TSXV: BABY)(OTCQX: BABYF)(FSE:0YL).
“Plant-based is the grocery category to watch right now as brands continue to innovate by using new ingredients and processes that make plant-based products exciting for shoppers,” said Parker Brody, Senior Global Category Merchant for Plant-Based at Whole Foods Market. “And in the laid-back days of summer, we find that customers are breaking out of their routines and are more open to trying something new, whether they’re longtime vegans or just starting to experiment with plant-based eating.”
Look at Komo Plant Based Foods For Example
Komo Plant Based Foods Inc. just announced that its shares have received The Depository Trust Company full service eligibility in the United States. The Company’s identifier in the United States is “KOMOF”.
DTC settlement services provide a more efficient and lower cost settlement process for investors and brokers trading Canadian securities in the United States. DTC eligibility enables shares of Komo to be distributed, settled and serviced through DTC’s automated processes, thereby taking advantage of the efficiencies created in the electronic method of clearing securities and the resulting cost benefits that DTC provides through accelerated settlement processes.
“We are pleased to improve settlement of our shares for our current and future shareholders in the United States,” says William White, President, CEO and founder of Komo. “Being DTC eligible will make it much easier for many U.S. residents to buy our stock.”
Other related developments from around the markets include:
Beyond Meat Inc., a leader in plant-based meat, announced it will report financial results for the second quarter ended July 3, 2021 on Thursday, August 5, 2021 after market close. The Company will host a conference call to discuss these results at 5:00 p.m. ET. Investors interested in participating in the live call can dial 212-231-2927. There will also be a simultaneous, live webcast available on the Investors section of the Company’s website.
Very Good Food Company Inc., a leading plant-based food technology company, is pleased to provide a production and facility update after recently announcing the upcoming launch of its new Butcher’s Select line of gluten and soy-free plant-based meats available this summer. VERY GOOD is pleased to report that its first production line at its Rupert facility, located in Vancouver, Canada, is now producing four times the daily production volume of the Company’s Victoria facility. Line 1 was commissioned in April 2021 with some food production starting in May. Currently operating five days a week with three shifts per day, Line 1 will be producing an average of 13,000 lbs. per day starting in August. Production volume is rapidly increasing week over week from continuous operational and process improvements in conjunction with increased production hours.
Tattooed Chef Inc., a leader in plant-based foods announced it will report financial results for the second quarter ended June 30, 2021 on Thursday, August 12, 2021 after market close. The Company will host a conference call to discuss the results at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time). Investors interested in participating in the live call can dial 877-300-8521 from the U.S. and 412-317-6026 internationally. A telephone replay will be available approximately two hours after the call concludes through Thursday, August 26, 2021, and can be accessed by dialing 844-512-2921 from the U.S., or 412-317-6671 internationally, and entering the confirmation ID 10159081.
Else Nutrition Holdings Inc., the plant-based baby, toddler and children nutrition company continues its mission to change the face of early childhood nutrition with sustainable, clean label, whole food-based products, with the entry into the baby food space with a line of complementary nutrition baby cereals. The cereals are aimed to further help those families struggling with dairy intolerance, those embracing Plant-Based living, and those unwilling to accept the overly processed formulas/nutrition products currently available. The addition of this new line of products will provide a greater variety of healthy nutritional alternatives for parents.
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