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Oatly chocolate milk

© Oatly

Oatly Stock Surges Following Partnership Announcement with Insomnia Cookies

Oatly Group AB (Nasdaq: OTLY), the “world’s largest oat drink company,” known for its witty marketing campaigns, has announced a new collaboration in the US with Insomnia Cookies. Present at all 250+ locations across North America, Oatly’s 11oz Original and Chocolate Oatmilks are now featured alongside Insomnia Cookies’ assortment of signature warm cookies, desserts, and ice creams. Stock surge follows announcement Following a steady decline since mid 2021, Oatly’s stock surged by well over 30% after the announcement of the new partnership and has since leveled out. The company has been shifting toward an “asset-light supply chain strategy” in an effort to boost profitability and has stated that it is on track to post profits this year. Part of this strategy has included transferring plant …

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What Happened to the Beyond Meat and Oatly Stocks?

Dr. Sasha Goodman, Chief Investment Officer of VegTech Invest, joins Elysabeth Alfano, CEO of VegTech Invest to discuss what has happened to the Beyond Meat and Oatly Stocks and, conversely, the large landscape of Plant-based Innovation companies in the public markets that are thriving. Think that Beyond Meat and Oatly are the only publicly traded plant-based innovation companies? Think again. Learn about the depth of the sector in this special episode of the Plantbased Business Hour, taken from the Upside & Impact: Investing for Change podcast, now also on the New York Stock Exchange’s platform, ETFCentral.com. Specifically, they discuss What other companies are publicly traded that are focusing on plant-based innovation? What common misconceptions exist about the alt protein sector? What is driving food systems innovation and is …

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NYSE logo

© NYSE

Upside & Impact: Investing for Change Podcast Launches on ETF Central.com

VegTech™ Invest announces that The Upside & Impact: Investing For Change podcast, hosted by CEO Elysabeth Alfano, is now available on ETFCentral.com, a destination website and platform for ETF investors and practitioners operated by Trackinsight and the New York Stock Exchange. The podcast airs twice monthly, every other Wednesday, and is produced by VegTech™ Invest, a Registered Investment Advisor focused on investing in public companies innovating for sustainable food systems transformation throughout the supply chain. On the podcast, Elysabeth dives deep with leaders in the impact investing space to uncover the potential financial upside and long-term impact of investing in sustainable sectors like alternative energy, transportation, building materials, biodiversity and natural-based solutions, and sustainable food systems transformation. Topics will range from protecting biodiversity and natural …

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Sprout growing out of money

Supplied by Elysabeth Alfano

What Happened to the Beyond Meat and Oatly Stocks and What You Need To Know Before Your Company IPOs

Insights from a Good Food Conference roundtable: what happened to the Beyond Meat and Oatly stocks and what you need to know before your company IPOs. At the Good Food Conference last week, a roundtable discussion took place on how the public markets inform the private markets and what has happened to the Beyond Meat and Oatly stocks.  So much has changed since the heyday of the plant-based foods boom of 2019, 2020, and the first half of 2021.  The public markets took a downturn in the last half of 2021, and this, in turn, caused a tightening in venture capital by 2022 as the private markets follow the public markets usually by around six months. It takes a while for the trickle-down of the …

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People eating Beyond Meat around grill

©Beyond Meat

Chiron Capital Management Makes Strategic Investment in Beyond Meat, Recognizing the Potential of Plant-Based Meat

Chiron Capital Management reportedly purchased 10,953 shares of Beyond Meat (NASDAQ: BYND) at an estimated value of $178,000 in Q1, 2023 — a move signaling that the US fund is confident of the potential success of Beyond Meat and the plant-based meat market.  The online platform Beststocks states that this strategic investment is fueled by thorough analysis and an astute understanding of market trends. It argues that by investing in Beyond Meat, Chiron Capital Management is part of a growing group of companies that recognize the potential of the alt protein sector. In February, Beyond Meat’s NASDAQ shares increased by 15% and months later reached its highest point in 52 weeks on the Frankfurt Stock Exchange. In May, better-than-expected Q1 results boosted Beyond Meat stock …

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Beyond Meat plant-based chicken burger

© Beyond Meat

Beyond Meat to Raise $200M in Equity Offering as Q1 Results Surpass Expectations

Beyond Meat has reported that it is seeking to raise up to $200 million in an equity offering for “general corporate and working capital purposes”. The sales could be made at any time, either over the counter or negotiated privately. Goldman Sachs will be the sales agent. The news comes after the company posted better-than-expected results for the first quarter of 2023, with a smaller loss and greater revenue than predicted by Wall Street. Net loss narrowed to $59 million, while net revenue was $92.2 million — $1.4 million greater than expected. Following the publication of the results, shares in Beyond rose by 11% in extended trading before paring gains. Stronger revenue growth is now expected for the remainder of the year; Beyond’s food service …

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LomaLinda_TUNO_Lifestyle

Loma Linda / Atlantic Natural Foods

Above Food Corp. to Be Listed on NY Exchange Through SPAC, Plans Takeover of Atlantic Natural Foods

Canada’s Above Food, producer of plant-based ingredients and CPGs, is to list on the NY exchange through a SPAC transaction with Bite Acquisition Corp. Additionally, the company is set to purchase Atlantic Natural Foods, whose subsidiaries include plant-based brands Loma Linda, CHICK’N, and Tuno, as part of the IPO. Above Food Corp. and Bite Acquisition Corp. enter a definitive business combination agreement that values the company at a pro forma enterprise value of approximately $319 million. Upon completion of the proposed transaction, Above Food will be a publicly traded company and is expected to be listed on the NYSE under the new ticker symbol “ABVE.” Above Food is a differentiated, vertically integrated plant-based ingredients and foods company committed to regenerative agriculture and sustainable food technologies …

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Unsweetened sesame milk in store

©The Planting Hope Co.

Planting Hope Reports “Record Year of Growth” in 2022, Quadruples YOY Revenue

The Planting Hope Company (CVE:MYLK) announces its financial results for the fiscal year ended December 2022, and reports it achieved record revenues of $12.2M last year, more than 4.6 times its revenue in 2021.  Planting Hope, whose products include Hope and Sesame sesamemilk, RightRice and Mozaics Veggie Chips, says its 2022 revenues were 358% higher than in 2021, driven by its acquisition of RightRice, significant North America retail expansion, and enthusiastic response to its Barista Blend Sesamemilk in food service and coffee shops.  “In 2022, we rolled out our flagship Hope and Sesame Barista Blend Sesamemilk to the critical Café channel,” said Julia Stamberger, CEO and co-founder of Planting Hope. “After five years of formulation, development and testing, sesame milk is the first meaningful new …

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Beyond Burger in Store

© Beyond Meat

Beyond Meat Stock at Highest Point in 52 Weeks on Frankfurt Stock Exchange

This Tuesday morning (18th April), Beyond Meat stock jumped 1.4 percent in Frankfurt trading, hitting a high for the day at €13.37, as Germany continues at the forefront of animal meat reduction. Beyond Meat stock reached its highest point in 52 weeks (since April 28, 2022), although the stock currently trades 68.77 percent below its 52-week high. Furthermore, the current Beyond Meat share price is 26.72 percent higher than the low point reached on December 29, 2022, as explained by finanzen. Diminished losses in Q4 Beyond Meat declared its Q4 2022 results at the end of February, reporting diminished losses and revenue that surpassed expectations. The news sent Beyond shares soaring by 15 percent in after-market trading.  CEO Ethan Brown, said upon sharing the Q4 results: “We …

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©Oatly

Oatly Shares Rise as Revenue Jumps 13.9% & Company Secures $425M

Oatly shares have seen a boost following the publication of the company’s fourth-quarter and full-year financial results for 2022. Q4 revenues reached $211.7 million, an increase of 13.9%. This followed an increase in sales volumes in China after the easing of lockdown restrictions, along with price rises across the company’s product range. Oatly expects further revenue growth of 23-28% in 2023. The company reported a $347.4 million loss in EBITDA last year, but expects to achieve a positive adjusted EBITDA by 2024. Following the publication of the results, Oatly shares jumped 11.2% to $2.27, taking the total increase so far this year to 13%. However, share prices remain considerably lower than they were following the company’s IPO in 2021. “Firmer footing” Oatly’s outlook has further …

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Beyond Meat CEO

Beyond Meat CEO Ethan Brown © Beyond Meat

Beyond Meat Stock Surges 15% After Cutting Losses and Improving Margins

On Friday, Beyond Meat beat analysts’ expectations for its fourth quarter results, shrinking its losses and reporting higher-than-expected revenue. The news sent Beyond shares soaring by 15% in after-market trading.  In an earnings call, Beyond Meat CEO Ethan Brown said that Q4 concluded a “[C]hallenging year for our business and category, one marked by persistently high inflation and trading down by consumers among proteins, slowing economy in key markets, and increased competitive activity.” Indeed, the company reported a 21% decline in revenue and lower sales across “all channels”, including a 17% drop in US grocery sales and a 30% sales decline in food service. International revenue also fell by 19.9% from the same period a year earlier.  Despite the drop in sales, Beyond successfully shrunk …

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Beyond Meat St patricks day

©Beyond Meat

Nasdaq: Beyond Meat Stock Could Soon Double in Value

2022 was a difficult year for Beyond Meat, as the company battled the forces of historic inflation and a marked slowdown in sales of plant-based meat. But there are growing signs the company may be in the midst of a turnaround –  last week, Beyond revealed a series of strategic moves meant to reverse its declining sales – including hiring a former Red Bull executive as its new head of global marketing, pivoting its retail strategy, and creating a new plant-based nugget for McDonald’s. In light of these and other developments, some Nasdaq analysts are suggesting Beyond’s stock could potentially double in value in early 2023. Growing stronger Since the start of the year, Beyond’s stock price has steadily climbed in value – on Wednesday, …

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Elysabeth Alfano EATV ETF

Lien Pham

VegTech and EATV Receive ‘Groundbreaking’ Carbon Neutral Certification Without Buying Credits

VegTech Invest Plant-based Innovation & Climate ETF (NYSE: EATV) announces it has received what it calls groundbreaking certification from climate services firm Ethos ESG. The certification awarded to EATV, Carbon Neutral Without Buying Credits, is reportedly the first such recognition from Ethos.  According to VegTech, while most of Ethos’ Carbon Neutral Certifications compare the carbon footprint of a portfolio with purchased offsets, the Plant-based Innovation Certification promoted by EATV considers carbon emissions avoided by replacing animal products with a less carbon-intensive food and materials supply chain.  This means investments made by EATV are proactively helping to reduce carbon emissions – by avoiding the creation of emissions – rather than using offsets as a “band-aid” solution.   “Offsets are really important for mitigating global warming, but it …

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Plant-Based Hot Dog

©Sensible Hot Dogs

Canada: Sensible Hot Dogs Raises Nearly $12M to Disrupt American Hot Dog Market

Sensible Hot Dogs, an innovative plant-based hot dog company, announces it has raised $11,990,000 in non-brokered private financings. The announcement follows Sensible’s public debut on Canada’s NEO Exchange in 2022 under the symbol “HOTD.” Sensible Hot Dogs says it is on a mission to recreate hot dogs, America’s favorite street food, using less processed and more natural ingredients. According to The National Hot Dog and Sausage Council, Americans consume a massive 20 billion hot dogs every year. Currently, 95% of American homes eat hot dogs, while the average US resident consumes about 70 hot dogs annually.  Despite their popularity, the negative health consequences of eating conventional hot dogs have been well-documented. In one study, University of Michigan researchers found that consuming a single hot dog …

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stock market

© Jackie Niam – stock.adobe.com

Number of IPOs Worldwide Dropped by Almost Half Throughout 2022

Balance for 2022 as a whole: the number of IPOs in 2022 falls by 45 percent compared to the record year 2021, volume by 61 percent / 50 percent fewer IPOs in the fourth quarter, issue volume shrinks by 73 percent. These are the results of the current IPO barometer of the audit and consulting firm EY. Companies continued to hold back on IPOs towards the end of the year: a total of 334 companies worldwide took the plunge in the fourth quarter – 50 percent fewer than in the fourth quarter of the record year 2021. The issue volume fell by 73 percent to 31.9 billion US dollars. The picture is similar for the year as a whole: the number of IPOs worldwide fell …

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Plant-based Hot Dogs/ Lunch

©Sensible Hot Dogs

Plant-Based Startup Sensible Hot Dogs Makes Public Debut on Canada’s NEO Exchange

Hot dog startup Sensible Hot Dogs announces it has launched its common shares on Canada’s NEO Exchange, and is now publicly trading under the symbol NEO: HOTD. Based in Canada, Sensible is described as an innovative hot dog company creating tastier and healthier versions of America’s favorite street food. By combining clean and sustainable ingredients with a functional price point, the company seeks to reinvent consumers’ experience with plant-based foods.  “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,” commented Shawn Balaghi, CEO of Sensible Hot Dogs. He continued, “After thoroughly reviewing all of the potential options to list in Canada, …

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Karim Pichara & Matias Muchnick © NotCo

NotCo Raises $70M to Catapult New B2B Platform Ahead of IPO

NotCo announces it has closed $70M in Series D1 funding to “catapult” a new B2B unit and accelerate the transformation of the industry, with Forbes suggesting today that the Chilean unicorn is “actively preparing for an IPO likely in 2025”. “These partnerships will help diversify and accelerate our impact while scaling the accessibility of truly delicious plant-based options to further propel the industry forward” The new platform will enable other CPG brands, ingredient suppliers and tech providers to leverage NotCo’s AI platform “Giuseppe” for their own innovations, while NotCo will continue to operate its branded business, NotCo Food, offering products like NotMilk™, NotBurger™ and NotChicken™ through both retail and food service across the US. Kraft Heinz Not Company The news comes three days after the …

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Beyond Burger

© Beyond Meat

Beyond Meat CEO Predicts Category “Shakeout” as Company Reports Widened Q3 Losses

On Nov. 9, Beyond Meat reported its 2022 third-quarter earnings, and results showed wider-than-expected losses and decreased revenue as the company continues to battle the pressures of inflation. Despite lowered forecasts, Beyond’s stock soared 20% during Thursday’s market trading. According to CEO Ethan Brown, inflation has taken a heavy toll on sales of the company’s plant-based burgers, sausages and chicken, with price-weary consumers opting for cheaper proteins. During its Wednesday earnings call, the company said total pounds sold fell 12.8%, while net revenue per pound decreased by 11.2%. Overall, the company posted a third-quarter net loss of $101.7 million ($1.60/share), which is wider than its net loss of $54.8 million (87 cents/share), in 2021. “As consumers intensify focus on making ends meet, health and environmental …

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Beyond Burger 3.0

©Beyond Meat

Beyond Meat Posts Second-Largest Net Revenue in Q2, But Missed Earnings Lead to Layoffs and Cutbacks

On Thursday, plant protein leader Beyond Meat (NASDAQ: BYND) reported its 2nd quarter results for 2022, and the company’s missed earnings have led to some layoffs and lowered revenue prospects amid ongoing economic turbulence. Net revenues for Q2 in 2022 were $147.0 million, a decrease of 1.6% year-over-year. The company posted a gross profit loss of $6.2 million, or a gross margin of -4.2% of net revenues. Beyond also decreased its net revenue forecast, from the previous expectation of a 21% to 33% increase (US$560 million to $US620 million) to 1% to 12% year-on-year (US$470 million to US$520 million). According to Beyond CEO Ethan Brown, the company’s operating environment continues to be affected by multiple near-term challenges including inflation, supply chain disruptions, rising interest rates, …

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Steakholder Logo

©Steakholder Foods

MeaTech 3D Changes Name to Steakholder Foods to “Cultivate New Community of Meat Lovers”

MeaTech 3D Ltd., the first world’s first publicly listed cultivated meat company, announces it is changing its name to Steakholder Foods Ltd. (Nasdaq: STKH.) The new name is intended to reflect the company’s commitment to building a strong community of meat lovers who support changing the world through cultured meat production.  Founded in Israel, Steakholder is a leading innovator in the cultivated meat industry, having developed cutting-edge technology and processes to produce whole cuts of animal meat using 3D bioprinting technology. In December 2021, the company printed the largest-ever cultured steak, which weighed in at 3.67 oz. Recently, it secured its first patent for systems and methods that produce high-quality meat through enhanced muscle fiber formation. According to Steakholder, its proprietary 3D bioprinting techniques can …

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