For the first time in history, there’s now a monthly health cause wrapped around veganism called Veganuary, which started in January 2021. A record number of people, including meat-eaters, participated in this challenge to experiment with animal-free diets against the pandemic.
Even fast-food restaurants like Burger King and Pizza Hut are continuing to add new plant-based offerings to a market poised to reach $162 billion within the next decade. At the same time, plant-based companies like Plantable Health Inc. (NEO:PLBL), Beyond Meat (NASDAQ:BYND), Yum! Brands (NYSE:YUM), Tattooed Chef, Inc. (NASDAQ:TTCF), and Sprouts Farmers Market, Inc. (NASDAQ:SFM) are focused on expanding their reach and launching digital services for the growing vegan food market.
Plantable Health Inc. (NEO:PLBL) began trading on the NEO exchange under the symbol PLBL, two weeks after completing its IPO. From the IPO, the company generated gross proceeds of C$4.5 million, which will be used to support present and future clinical trials, technology development, sales and marketing, and scaling the business.
Plantable Health is a New York-based company that was founded by Dr. Nadja Pinnavaia, a former managing director at Goldman Sachs for 12 years. Plantable Health a clinically supported dietary intervention company focused on health and wellness aims to make healthy eating effortless, through long-term behaviour change. The company achieves its mission by delivering customers with nutrient-rich, plant-based, chef-prepared meals, one-on-one personalized coaching support, and education resources to reset dietary habits, restoring good health and optimizing well-being.
The listing on NEO exchange marks a significant milestone for the company, which according to the president and CEO of NEO, Jos Schmitt is the exchange’s “first female-led issuer” and the “first public listing at the intersection of the food and healthcare sectors.”
Commenting about the listing, Nadja Pinnavaia, CEO of Plantable said, “Our debut on the NEO Exchange is a significant milestone for our company as we look to leverage the capital markets to fuel our growth with the support of a Tier 1 exchange. We are on a mission to transform the health of a world that is addicted to processed food and give people the tools that will revolutionize healthcare.”
On January 18, Plantable announced the launch of its lifestyle app, which is available for free download via the Apple App Store or Google Play. The Plantable App is the Plantable‘s first expansion outside of the US and the first phase of the company’s digital health initiative.
Plantable offers a 28-day program designed to reset dietary habits. The company also has ongoing clinical trials in collaboration with the Memorial Sloan Kettering Cancer Center. Other clinical trials with Weill Cornell and Johns Hopkins are scheduled to start soon.
For more information about Plantable Health Inc. (NEO:PLBL), click here.
Meeting Market Demand With Plant-Based Alternatives
On January 10, Beyond Meat, Inc. (NASDAQ: BYND) and Pizza Hut, which is owned by Yum! Brands (NYSE:YUM), announced the rollout of plant-based Beyond Italian Sausage Crumbles throughout Pizza Hut Canada. Pizza Hut’s new menu items, containing the Crumbles, are back by popular demand after a successful trial in Toronto and Edmonton last summer. This launch is part of the collaboration between Beyond Meat and Yum! Brands to introduce plant-based menu items to meet the growing demand for plant-based meat alternatives to the Canadian Market.
This isn’t the first time Yum! Brands, the parent company of KFC, Pizza Hut, Taco Bell and The Habit Burger Grill, has launched new products to meet the growing interest in plant-based alternatives. In late 2019, Plant-Based KFC was tested in the market and after “extraordinary demand” it has become a staple.
Meanwhile, Supermarket chain Sprouts Farmers Market, Inc. (NASDAQ:SFM) has continued to grow its presence across the US with new store openings. On January 5, SFM celebrated the grand opening of its West Palm Beach and Boynton Beach stores. Two days later, the company announced that it will be celebrating the grand opening of its newest Denver store with Former NFL all pro running back and two-time Super Bowl Champion Terrell Davis.
Tattooed Chef, Inc. (NASDAQ:TTCF), a leader in plant-based foods, completed the acquisition of Belmont Confections, a private label co-manufacturer of snack bars for approximately $18 million in cash and stock, subject to a customary adjustment based on working capital at closing. It says the acquisition will allow it to enter the $10 billion global plant-based bar category in 2022. The acquisition also aligns with its strategy to expand its manufacturing capabilities and develop more ambient and refrigerated products.
Plant-based companies like Plantable Health are rising to meet the growing demand and increased adoption of healthier plant-based food alternatives and launching initiatives to help consumers adopt healthier lifestyles.
DISCLAIMER: Microsmallcap.com (MSC) is the source of the Article and content set forth above. References to any issuer other than the profiled issuer are intended solely to identify industry participants and do not constitute an endorsement of any issuer and do not constitute a comparison to the profiled issuer. FN Media Group (FNM) is a third-party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated with MSC or any company mentioned herein. The commentary, views and opinions expressed in this release by MSC are solely those of MSC and are not shared by and do not reflect in any manner the views or opinions of FNM. Readers of this Article and content agree that they cannot and will not seek to hold liable MSC and FNM for any investment decisions by their readers or subscribers. MSC and FNM and their respective affiliated companies are a news dissemination and financial marketing solutions provider and are NOT registered broker-dealers/analysts/investment advisers, hold no investment licenses and may NOT sell, offer to sell or offer to buy any security.
The Article and content related to the profiled company represent the personal and subjective views of the Author (MSC), and are subject to change at any time without notice. The information provided in the Article and the content has been obtained from sources which the Author believes to be reliable. However, the Author (MSC) has not independently verified or otherwise investigated all such information. None of the Author, MSC, FNM, or any of their respective affiliates, guarantee the accuracy or completeness of any such information. This Article and content are not, and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action; readers are strongly urged to speak with their own investment advisor and review all of the profiled issuer’s filings made with the Securities and Exchange Commission before making any investment decisions and should understand the risks associated with an investment in the profiled issuer’s securities, including, but not limited to, the complete loss of your investment. FNM was not compensated by any public company mentioned herein to disseminate this press release but was compensated twenty five hundred dollars by MSC, a non-affiliated third party to distribute this release on behalf of Plantable
FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.
This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and MSC and FNM undertake no obligation to update such statements.