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Massive IPOs and M&A Activity Reveal Market’s Appetite for Plant-Based Stocks

FN Media Group Presents Market Commentary


New York, NY – July 13, 2021 – The plant-based investment craze may have begun back when Beyond Meat launched its IPO in 2018, but the market has shown no signs of slowing since. Investments like plant-based chicken company SIMULATE’s $50 million funding round, which included music legend and entrepreneur Jay-Z, and Oatly’s (NASDAQ:OTLY) recent $1.4 billion IPO further cement plant-based food’s growing role in modern society. As investors take note of these developments, companies like Else Nutrition (TSXV:BABY) (OTCQX:BABYF) could potentially be an attractive candidate for an acquisition by one of the larger players in the industry, after Else’s successful launch of its plant-based nutrition for toddlers. Other companies such as Conagra Brands, Inc. (NYSE:CAG), ADM (NYSE:ADM), and Tyson Foods (NYSE:TSN) are also following lead with their recent launches and lab openings to meet consumers demands worldwide. As the ongoing rapid growth continues for the plant-based industry, the market is projected to be a hundred times larger by 2050.


Else Nutrition Significantly Expands Retail Footprint and Sales Revenue


Following the success of plant-based nutrition for toddlers, Else Nutrition (TSXV:BABY) (OTCQX:BABYF) has surged in the plant-based market over the past several months. Earlier in the year, Else Nutrition created a presence for itself in 350 Sprouts Farmers Market stores with the first ever plant-based toddler nutrition product. Else Nutrition, which aims to provide pure, clean, and sustainable nutritional alternatives for children, achieved Q1 2021 revenues of C$1.135 million, an 90% growth over revenues of C$598,000 in Q4 2020 and an increase of 282% vs. revenues over C$297,000 in Q1 2020.


“I am very proud of our achievements this quarter. We continued delivering rapid growth in our business while we successfully launched our first retail stores and started working with the largest US natural food distributors,” said Hamutal Yitzhak, Else Nutrition CEO.


After successfully completing the first commercial production of Else Nutrition’s second product, Complete Nutrition for Kids (3+ years; in powder form), the company launched on three online platforms – Thrive Market, a leading natural food e-tailer with 500,000 subscribers; iHerb, a US-based international online platform that serves 180 countries; and PlantX, a new plant-based e-tailer. With days of launch, Else Nutrition’s its plant-based protein shakes for kids reached Amazon’s top #1 and #2 positions in hot new releases in the baby and toddler nutritional shakes category.


Else Nutrition has also continued to bolster its retail presence, with its Else Plant-Based Complete Nutrition for Toddlers now listed on 1000+ retail outlets, thanks to the recent expansion into 100 independent stores and food co-ops, and in over 700 retail outlets including Sprouts Farmers Market, Big-Y, Raley’s, Natural Grocers, AFS, Haggen, PCC, Mother’s Markets and many dozens of independent stores.


Top Companies Serving Growing Consumer Demand for Plant-Based Alternatives


Swedish oat milk company Oatly (NASDAQ:OTLY), which entered the public markets in May 2021 with an IPO price of $17 per share for gross proceeds up to $1.6 billion, has continued expanding its reach. Prior to its listing, the company announced its plans for its new UK-based factory, which is expected to launch in Q1 2023. The new factory will be able to produce 300 million litres of oat drink per year at launch, with the capacity to grow to 450 million litres, making it one of the largest plant-based dairy factories in the world.


Leading North American branded food company Conagra Brands, Inc. (NYSE:CAG) is meeting market demand by introducing new plant-based offerings as part of its extensive summer line-up. The company’s collection of frozen meals includes brands such as Healthy Choice, Banquet, Marie Callender’s, and Hungry Man. From its keto-friendly Healthy Choice Zero meal to its Gardein Plant-Based Chili, Conagra boldly states that there’s something for everyone on the menu.


While North Americans are indulging in the latest plant-based products, ADM (NYSE:ADM) has recently launched its new cutting-edge plant-based lab in Singapore to meet growing demand in the Asia-Pacific region. ADM’s new lab, which features experts in proteins and texturing ingredients and flavor specialists, will give the company the ability to test flavors, textures, fats and binding characteristics in-house and accelerate product development for customers.


With barbeque season in full swing, Tyson Foods (NYSE:TSN) decided to expand its portfolio of Raised & Rooted and has introduced plant-based options including their Raised & Rooted plant-based burger, ground protein, bratwurst sausages, and italian sausages.A month later, Tyson launched its new Plant-Based Bites to the market.


There are no signs of the plant-based industry slowing down, offering plant-based food companies like Else Nutrition the opportunity to capitalize on the growing demands from consumers seeking healthy alternatives for themselves and their families.


For more information on Else Nutrition, click here.


Disclaimer: (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 Else Nutrition




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.


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