#PlantBased #Stocks Snapshot (CSE: $RSF.C)
(CSE: $EATS.C) (TSXV: $VERY.V) (TSXV:
$BABY.V) (TSXV: $NEXE.V) @Rritual_IR
@EatBeyondGlobal @TheVeryGoodFood @ElseNutrition @nexeinnovations
Premium
Plant-Based Products Hitting Mainstream #Retail Markets
Point
Roberts WA, Delta, BC –April 7, 2021 - Investorideas.com, a
leading investor news resource covering functional mushrooms and plant-based
food alternatives releases a special report on the numerous plant-based product
launches in the US and Canada, both in traditional brick and mortar retail and online
sales, featuring Rritual Superfoods Inc. (CSE: RSF) (FWB: 0RW). This growing trend speaks to the major shift in
the food and beverage industry towards sustainable plant-based alternative
products driven by more eco-friendly and health conscious consumerism.
Read this article,
featuring Rritual in full at https://www.investorideas.com/news/2021/lohas/04071RSF-EATS-VERY-BABY-NEXE.asp
Progressive
Grocer reports, “The
plant-based food market grew nearly twice as fast as the total U.S. retail food
market, which increased 15% in 2020 as the pandemic closed down restaurants and
consumers stockpiled food while hunkering down at home. Fifty-seven percent of
households now buy plant-based foods, up from 53% in 2019. The data, which PBFA
and GFI commissioned from wellness-focused data technology company SPINS, was
customized to target only plant-based products that directly replace
animal-based products.”
Rritual Superfoods Inc. (CSE: RSF) (FWB: 0RW), a functional superfood company that creates plant-based elixirs which support immunity, focus and relaxation, recently announced that the Company's premium brand of functional superfoods will launch in Rite-Aid stores throughout the USA in Q2 and Q3.
Rritual
Superfoods to Launch Product Line in Rite-Aid Stores - Nationwide
"This first national retail
rollout is a major achievement for the Rritual brand. It validates both supply
and demand for the category, specifically our product quality and the rapidly
growing interest of consumers in functional superfoods," said Mr. David
Kerbel, Rritual Superfoods CEO.
"We are striving to not only
lead this emerging category, but to define it. A significant part of achieving
that goal is accomplished through gaining the trust and support of consumers
through top tier retailers such as Rite-Aid."
Rritual has scaled its production to
meet growing demand, with a strategic sales and marketing focus aimed at major
retailers across the USA in 2021. The Rite-Aid rollout will be phased toward
reaching 1000 retail stores, in addition to Rite-Aid's ecommerce platform.
Rritual's retail strategy is disruptive. The Company is aiming at national
retailers rather than regional rollouts in order to gain market share and
category defining leadership.
Rite-Aid will carry Rritual's full
product line, including:
●
Chaga
IMMUNE
with adaptogens Eleuthero Root and Astragalus to support healthy immune
function and well-being all year round.
●
Lion's
Mane FOCUS
with adaptogens Rhodiola Rosea Root and Bacopa to support brain health and
cognitive function.
●
Reishi
RELAX
with adaptogen Ashwagandha and cacao to help the body adapt to stress.
Rritual product offerings are all
USDA-certified organic and are a caffeine-free option that can be mixed with
other beverages or enjoyed by itself. Rritual's proprietary Immune-Synergy Six
Mushroom Blend is the only functional health product on the market that
contains a daily prebiotic blend which nourishes a healthy gut microbiome and
facilitates balanced digestive function.
David Kerbel, CEO of Rritual
Superfoods Inc. in
an interview recently discussed Rritual Superfoods
line of functional mushroom and adaptogen formulations, as well as the growing
'Superfoods' and 'Functional Foods' categories as a whole.
According to Grandview
Research, "The global
superfoods market size was estimated at USD 137.0 billion in 2018 and is
projected to ascend at a CAGR of 7.9% over the forecast period. Growing
consumer interest in a healthy diet and wellness benefits has led to a thriving
food & beverage industry in the recent past and this trend is expected to
continue over the forecast period. This, in turn, is projected to propel the
demand for superfoods in the coming years."
ELSE
NUTRITION HOLDINGS INC. (TSXV:
BABY) (OTCQX:
BABYF), a plant-based baby, toddler and children’s nutrition
company, is also upping distribution, having recently announced that it
has signed a distribution agreement with US-based Imperial Distributors of
Worcester, Massachusetts. Imperial is recognized throughout the Northeast,
South Atlantic and Midwest United States as a leader in distribution,
merchandising and category management.
"Partnering with Imperial
distribution offers a regional view and a strategic relationship with several
regional mid-tier and key accounts in New England and beyond. They're indeed a
distribution leader throughout the Northeast and Mid-Atlantic states,"
said Hamutal Yitzhak, CEO and Co-Founder of Else Nutrition. "We look
forward to Imperial playing a key role in our growth in this core region,
commencing with Big Y in April of this year," she added.
This follows their previous
announcement of
rolling out its Plant-Based Complete Nutrition for Toddlers at over 100
Raley's, Bel Air Markets and Nob Hill Foods locations in Northern California
and Nevada in April 2021.
"This marks excellent
distribution growth for our organization. We've decided to strategically secure
rapid coverage in the Northern California and Nevada regions, and this listing
with Raley's greatly advances us on this path," said Ms.Yitzhak.
"Raley's maintains a family-owned culture with a true understanding and
commitment to the customer experience. They have championed health and wellness
for generations and are helping to change the way people eat. This aligns with
the Else mission of bringing sustainable, better-for-you, balanced nutrition
solutions and touching lives in a meaningful way."
Eat
Beyond Global Holdings Inc. (CSE:
EATS) (OTC:
EATBF), the first fund in
Canada focused on investing in global companies that are developing and
commercializing innovative food products including alternatives to meat,
seafood, eggs, and dairy, recently announced the
success of its recent investment in The
Very Good Food Company Inc. (TSXV:
VERY) at a price of $0.25 per Common Share.
The Very Good Food Company Inc. is
an emerging plant-based food technology company that designs, develops,
produces, distributes and sells a variety of plant-based meat and other food
alternatives. Their mission is to employ plant-based food technology to create
products that are delicious while maintaining a wholesome nutritional profile
and to date they have developed a core product line under The Very Good
Butchers brand.
VGF completed its initial public offering
including the full exercise of the over-allotment option by the agent for the
Offering, Canaccord Genuity Corp., led by Portfolio Manager and Investment
Advisor, Cary Pinkowski, resulting in the issuance of 16,100,000 common shares
of the Company at a price of $0.25 per Common Share for gross proceeds of
$4,025,000.
“We are thrilled to see The Very
Good Food Company, another major plant-based IPO, mirroring the success of
Beyond Meat. There is clearly extraordinary confidence in this market, and enormous
demand for plant-based products,” said Patrick Morris, CEO of Eat Beyond. “We
are excited to continue investing in this growing sector and continuing to be a
part of more success stories like this one.”
This follows Eat Beyond Global
Holdings Inc.'s more recent announcement that it
has been selected as one of just 21 companies worldwide to be included in the
VegTech™ Index.
The VegTech™ Index is the first
index of its kind and includes leading publicly traded plant-based companies.
The goal is to provide a fiscal scoreboard using market cap-weighted
performance to show the overall financial health and strength for the sector.
"Investors can always look at
the Dow Jones or NASDAQ for a look at general market numbers and averages for
major companies," Morris said. "But this new index is a great
opportunity for investors and analysts to be able to access a snapshot of the
growing plant-based and alternative food market specifically."
NEXE
Innovations Inc. (TSXV:
NEXE) (OTC:
NEXNF), a leader in plant-based compostable technology and
advanced materials manufacturing based in British Columbia, Canada, is going a
slightly different route to market, having recently announced
launching its highly anticipated Xoma Superfoods eCommerce store.
The company has developed one of the
only patented, fully compostable, plant-based, single-serve coffee pods for use
in leading single-serve coffee machines. The proprietary NEXE pod is designed
to reduce the significant environmental impact caused by single-serve pods,
>40 billion of which are discarded every year. With over $30M raised to date
from equity and government funding and over five years of R&D, NEXE is
well-positioned to meet the growing demand for environmentally friendly and
sustainable products in the single-serve coffee sector and beyond
Xoma Superfoods is NEXE's in-house
coffee and superfoods brand, launching with a line of high-quality coffees
packaged exclusively in single serve, fully compostable, plant-based NEXE pods.
XOMA capsules work in Keurig single-serve brewing systems and are now available
in 12-count.
"Xoma products provide
convenience, making it easy to integrate more superfoods into your diet without
creating additional waste, or making a mess of your kitchen," said Ash
Guglani, President of NEXE. "We have spent five years developing our NEXE
pod, and we are proud to launch it into the market with our Xoma Superfood
coffees."
"This is a major milestone for
NEXE and Xoma. Our initial pilot launch of our 3-count packages of Xoma Coffee
fortified with MCT sold out within 24 hours," he continued. "Our
customers have patiently waited for this day, and we are very excited to fully
launch."
NEXE pods are fully compostable and
meet international standards for certification as compostable materials,
without the need to disassemble the pod after use. Over 40 billion
petroleum-based single-serve coffee pods end up in landfills around the world
every year, where they can take hundreds or thousands of years to break down.
According to one
recent article, “The plant-based category has evolved to
the point that retailers can’t limit who they consider the plant-based
shopper,” said Dawn Vanlandingham, head of retail for SPINS. “They should now
assume everyone is a potential plant-based buyer and educate them enough to see
the possibilities. Between the innovation in plant-based products and the
gradual return to less restrictive shopping measures, 2021 offers many
opportunities for retailers to appeal to more customers and expand their
plant-based offerings.”
Looking at how this translates to
investing, Good Food Institute reported,“This
strong growth in retail sales is a welcome compliment to equally impressive
growth in investment dollars in the plant-based space. A record $2.1 billion
was invested in plant-based food companies in 2020, highlighting growing
interest in plant-based foods from both consumers and investors.”
Whether you are looking at
functional mushrooms, plant-based meat and dairy alternatives, medicinal
mushrooms and cannabinoid medications, fungal soil and waste remediation or
even hemp and plant-based textiles and plastics, it is clear the age of plants
is upon us.
About
Investorideas.com - News that Inspires Big Investing Ideas Investorideas.com is a recognized news source publishing third
party news, research and original financial content. Learn about investing in
stocks and sector trends with our news alerts, articles, podcasts and videos, looking at cannabis, crypto, AI and IoT, mining,
sports biotech, water, renewable energy and more. Investor Idea’s original
branded content includes the following podcasts and columns : Crypto Corner , Play
by Play sports and stock news column, Investor Ideas
Potcasts Cannabis News and Stocks on the Move
podcast and column, Cleantech
and Climate Change , Exploring
Mining
the AI
Eye .
Disclaimer/Disclosure: Our site does not make recommendations for purchases or sale of
stocks, services or products. Nothing on our sites should be construed as an
offer or solicitation to buy or sell products or securities. All investing
involves risk and possible losses. This site is currently compensated for news
publication and distribution, social media and marketing, content creation and
more. Contact management and IR of each company directly regarding specific
questions. Disclosure:
this news article featuring RSF is a paid for news release on Investorideas.com
– third party (two thousand) More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other
news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and
tickertagstocknews.com
Global investors must adhere to regulations of each country.
Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp
Contact
Investorideas.com
800-665-0411
Health,
Wellness and Sustainability Stocks Research and News at Investorideas.com - investing
ideas for a better world
Like Health, Wellness and Sustainability Stocks? View our
No comments:
Post a Comment