At the moment, there are about 80 million vegans around the world. However, that’s only expected to increase, as millions, if not billions of people wake up to the health advantages of plant based diets. There’s so much demand that restaurants, such as Chipotle Mexican Grill just announced a vegan, plant based vegan option. Kentucky Fried Chicken just added a meatless chicken option across the U.S. with Beyond Meat. Cold Stone Creamery is introducing “Don’t Cry Over Spilled Silk,” a vegan ice cream. Even McDonald’s just announced that it is rolling out a test of Beyond Meat’s plant based burgers in 600 stores in Texas. With demand only set to increase all over the world, it’s no wonder analysts at Credit Suisse say plant based food could increase 100-fold to $1.4 trillion by 2050. All could be substantial news for companies such as Komo Plant Based Foods (CSE:YUM)(OTCQB:KOMOF), Goodfood Market Corp. (TSX:FOOD) (OTC:GDDFF), Nepra Foods Inc. (CSE:NPRA)(OTC:NPRFF), Oatly Inc. (NASDAQ:OTLY), and good natured Products Inc. (TSXV:GDNP)(OTC:SLGBF).
Look at Komo Plant Based Foods (CSE:YUM)(OTCQB:KOMOF), For Example
Komo Plant Based Foods Inc., a premium plant-based food company, is pleased to announce that it will soon be available for order online throughout the United States through GTFO It’s Vegan, a progressive online vegan market serving consumers across the U.S.
Komo received a purchase order from GTFO and plans to ship its first pallet of Komo plant-based comfort foods to GTFO headquarters in California this week. Consumers across the United States will soon be able to order, for home delivery, all of Komo’s frozen products online at GTFO It’s Vegan.
“We are very excited and grateful to be the first to launch Komo Comfort Foods into the U.S. market. We are confident Komo’s innovative line of great tasting heat and serve meals, including Lasagna, Chickenless Pot Pie and Shepherd’s Pie, will quickly become fan favorites for GTFO It’s Vegan customers,” says Marc Pierce, Co-Founder and CEO, GTFO - It’s Vegan.
Recognizing the rapid growth of the plant-based market, GTFO It's Vegan launched in 2020 to appeal to the needs of all individuals seeking a more healthy lifestyle. This extends well beyond vegans and includes vegetarians, flexitarians, athletes, and those with diet allergies and sensitivities. GTFO It’s Vegan tries all the products it sells to ensure they meet GTFO’s taste, texture, scent, appearance, and packaging standards to sell to its community of tens of thousands customers enthusiastic about vegan and plant-based foods.
Komo first launched its product for direct-to-consumer sales in Vancouver, British Columbia, Canada in March 2021 through its eCommerce platform and has received over 200 five star (out of five) reviews from its online consumers, as seen on its website at www.komocomfortfoods.com.
“We are so excited to soon have Komo Comfort Foods available to consumers across the United States through GTFO It’s Vegan,” says Komo CEO William White. “At Komo we believe plant-based eating is the future and change can start with a single bite. Being on the GTFO eCommerce platform will further our mission to help make plant-based meals a staple on every dinner table.”
Other related developments from around the markets include:
Goodfood Market Corp., a leading Canadian online grocery company, delivering fresh meal solutions and grocery items, announced financial results for the first quarter of Fiscal 2022, ended December 4, 2021. “We are pleased with the progress the Goodfood team has made against both the improvement of our near-term operational performance and the execution of our on-demand grocery and meal-solutions rapid delivery growth driver. Comparing our first quarter 2022 financial performance to the fourth quarter 2021 in which we saw for the most part COVID-19 restrictions lifted, net sales of $78 million were stable with close to a million orders delivered in the quarter and positive momentum in order rates and Active Customers (1) versus the summer lows,” said Jonathan Ferrari, Chief Executive Officer of Goodfood. “The quarter saw the beginning of an expected progressive improvement to our Adjusted EBITDA margin (1) compared to fourth quarter of 2021, driven by 110 basis points gross margin improvement against the backdrop of inflationary pressures, as well as an SG&A cost containment effort that led to an 8% reduction in our SG&A spend versus the fourth quarter of 2021. Lastly, we are also pleased with the progress made on our reorganization initiative that once completed will generate $11-$13 million of annualized savings compared to the fourth quarter of 2021.”
Nepra Foods Inc., creator of nutritious plant-based and allergen-free food, is pleased to share a letter to shareholders from CEO David Wood. “This past year has been an exceptional and transformational year for Nepra Foods. We continued to build on our track record of revenue growth for the 5th year in a row, with a 150% year-on-year growth, which was facilitated by an expansion of our production and office space in January. We also completed an oversubscribed initial public offering (IPO) in September, which allows us to further expand our business and develop exciting new product verticals. Building from last year’s success, we will be adding two new revenue streams which are synergistic with our underlying wholesale ingredient business. The first of which will be our consumer-packaged plant-based high-protein frozen meals into both traditional and natural retail channels with our PROPASTA™ line. The second will be to market our semi-finished meal components such as textured plant proteins, plant-based cheeses, high protein pastas, and blended dry mixes into the institutional foodservice market including restaurant chains, schools, and hospitals. These products utilize the same input materials, allowing for rapid scaling and providing further economies of scale through the synergy with our underlying ingredient business.”
Oatly Inc., the world’s original and largest oat drink company, announced a major collaboration with Deutsche Bahn (DB) in Germany: beginning 1 January 2022, the Oatly Barista Edition will be available in the on-board catering of ICE and Intercity trains as the first ever plant-based milk alternative offering for consumers. The Oatly Barista Edition will initially be available with Fairtrade certified filter coffee or Caffè Crema. This will give passengers the opportunity to try a plant-based milk alternative which, on average, have a lower climate impact compared to cow's milk. Oatly and Deutsche Bahn are thus sending an important signal for the urgently needed shift towards a more sustainable, plant-based food system.
Good natured Products Inc., a North American leader in plant-based products, announced preliminary revenue and gross margin estimates for the quarter ending December 31, 2021 and for the year ending December 31, 2021. Preliminary revenue for Q4 2021 is anticipated at $21.0 million to $23.0 million, an increase of approximately 300% to 330%, compared to $5.3 million for the three months ended December 31, 2020. Revenue for FY2021 is expected in the range of $59.3 million and $61.3 million, an increase of approximately 255% to 270%, compared to $16.7 million for the twelve-month period ended December 31, 2020.
Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Komo Plant Based Foods has paid three thousand five hundred dollars for advertising and marketing services to be distributed by Winning Media. Winning Media is only compensated for its services in the form of cash-based compensation. Winning Media owns ZERO shares Komo Plant Based Foods Please click here for full disclaimer.
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