Cibi e Bevande
Investment Opportunities Increase as the Plant-Based Lifestyle Looks to Take Over By 2027
believes that 27% of Canadians plan to move to a plant-based lifestyle in the near future, mostly led by the millennial generation. is a vertically integrated health and wellness company looking to meet this growing demand by expanding on its two recently acquired brands, Holy Crap Brands and YamChops, both of which have been featured on Dragon's Den. Holy Crap Brands offers four popular organic cereal products and has a large distribution network that includes well-known Canadian retailers like Whole Foods, Safeway, Save-On-Foods, and London Drugs. YamChops is Canada's first plant-based butcher , with over 48 proprietary plant-based meats, chicken, pork, fish, and other products that are available at over 17 distribution retailers.
Since acquiring the two brands, has reported record sales of Holy Crap Cereal Brands and a 95% increase in first-time buyers in H2 2020, finalized plans for the opening of a second YamChops location in Montreal , and begun cross marketing between the two in order to rapidly expand distribution .
said President Donna Reddy .
When it comes to expanding YamChops, is taking a page out of Starbucks' playbook by focusing on small and efficient butcher shops that allow for easy remodeling, efficient operations, lower costs, and rapid expansion. The company also plans to offer YamChops franchise opportunities across Canada and the US.
CEO Shawn Moniz explained.
has also entered into a collaboration with the University of Manitoba to develop a proprietary hemp protein concentrate that will be used to create an all-natural hemp-based line of gluten-free, protein-rich food products. The company noted the potential health benefits from consuming hemp food, which include aiding in weight loss, boosting the immune system, and lowering blood pressure and cholesterol.
Beyond this, has several projects in place, leading to an exciting year ahead.
is recognized as one of the fastest growing and revolutionary American companies in the world that offers plant-based meat products. has formulated a technology that can produce the same taste and texture as animal-based meat products. However, their products provide the nutrients found in plants rather than the hormones and antibiotics that are often found in animal meats. has reported "exponential growth" from 2017 to 2020, with 170% growth in 2018 and a 239% increase in 2019 .
, recently noted as the digital face of the plant-based industry, has shared its rapidly growing revenue. In December 2020 , achieved a gross revenue of C$1,029,833 , which was a 60% increase from the month prior--a C$640,000 revenue reported for November 2020 . By January 2021 , reached its historical high for gross revenue, a record-breaking amount of C$1,089,502 .
wasn't far behind in sharing the positive outcome of its financial results for 2020. With the momentum building around the plant-based industry, was able to report a 48% increase in revenue for Q4 2020 in comparison to Q4 2019.
marked its fiscal Q3 2021 financial results as a milestone for the company, after achieving several successes, including construction of its state-of-the-art protein production facility, and expanding its research and development capacity through the lease of a satellite laboratory space at the Richardson Centre For Functional Foods and Nutraceuticals.
With the future of the plant-based industry looking bright, companies like that have a solid plan for growth are looking to break out from the pack.
For more information on Plant & Co. Brands, click here.
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