Patrick Morris has released a portfolio review as companies reach all-time high share prices
Eat Beyond Global Holdings, the Vancouver-based investment issuer focused on the global plant-based and alternative food sector, has released a portfolio review to highlight early returns and the longer strategy.
A CSE-listed company, Eat Beyond began trading on 17 November, and has reported ‘tremendous growth’ as it continues to expand its portfolio globally. Several of Eat Beyond’s portfolio companies have also now reached all-time highs for their share prices.
“Eat Beyond’s objective is to provide liquidity and earn a return for our shareholders, while also continuously identifying and developing new opportunities in our target sector,” said Patrick Morris, CEO of Eat Beyond.
Morris argued that while the company provides capital to portfolio companies, that capital is just the start. “Eat Beyond’s investment committee offers guidance and growth strategy to help companies accelerate their success and profitability more rapidly. We act as a true partner to help remove barriers and create opportunities to unlock each company’s full potential,” he said.
Eat Beyond claims to have seen strong returns from its portfolio companies, including:
- The Very Good Food Company (CSE: VERY). Eat Beyond’s investment was at a price of $0.25 per common share in early 2020, and shares have been trading steadily over $6.00 since December of 2020.
- Eat Beyond purchased a stake in Good Natured (TSXV: GDNP) in November 2020 at $0.14 per share with each share receiving one-half warrant at $0.21. On Wednesday, February 24, 2021 the stock price last closed at $1.50. Good Natured was also recently named a 2021 TST Venture 50 Company in the Clean Tech and Life Sciences sector.
- Eat Just was the first company in the world to have its cultured chicken product approved for sale. The product has been offered on a restaurant menu in Singapore since December 2020 and the company is scaling up production. Eat Just CEO Josh Tetrick has said the company is focused on achieving operating profitability and then intends to take the company public.
- Singapore-based TurtleTree Labs launched TurtleTree Scientific in January 2021, TurtleTree Scientific is focused on working with cell-based meat companies on the production of food-grade growth factors to build the foundation that the cultured food industry needs to thrive.
- Edmonton-based Nabati Foods has been growing rapidly with its diverse product line of meat, dairy, and cheese alternatives, and has just closed an oversubscribed round of financing. Nabati has plans to go public in 2021 under the ticker symbol: MEAL.CN.
Morris explained that Eat Beyond seizes smart investment opportunities in early seed rounds for global companies that are not typically available to retail investors. “We are the first Canadian company to focus exclusively in this area, and our focus spans innovative alternative proteins, food technology, and consumer packaged goods,” he said.
Morris said the company’s vision and its potential opportunities continues to expand. “We look forward to further refining our strategy in the coming year.”
The plant-based food market is projected to reach nearly $75 billion by 2027, with double digit annual growth forecasted, according to Meticulous Research.
Eat Beyond is presently laying the groundwork to expand its strategic focus and revenue model into new areas in the coming months to enhance and grow its top line.
The company has engaged Electrik Dojo for native advertising and digital marketing services to increase brand awareness.
Date published: 25 February 2021