Company’s menu includes burgers, fries, shakes, ‘chicken’ tenders, wraps, salads, juices, raw items and a kid’s meal
Eat Beyond Global Holdings, a Vancouver-based investment issuer focused on the global plant-based and alternative food sector, is investing in the Plant Power Fast Food restaurant group and adding it to its portfolio.
San Diego, California-based Plant Power Fast Food operates restaurants with 100% plant-based offerings and biodegradable packaging. The company a menu including burgers, fries, shakes, ‘chicken’ tenders, wraps, salads, juices, raw items and a children’s menu.
Eat Beyond chief executive Patrick Morris said: “Eat Beyond is excited to enter the QSR [quick service restaurant] space with this investment in Plant Power. We’re always looking to find the right balance of price, leadership, access, and quality in our portfolio, so Plant Power is a natural fit for us. Consider this a down payment in an area that Eat Beyond wants to break into. We look forward to a profitable and sustainable partnership.”
Plant Power Fast Food co-founder and co-chief executive Jeffrey Harris added: “Consumer interest in plant-based options has skyrocketed in recent years, and Plant Power reported brand-wide net sales growth of over 1,200% since operations began in 2016. We’re basically a cruelty-free, healthier, sustainable alternative to the traditional QSR model, and we are thrilled to be able to offer our guests a revolutionary new take on fast food.”
Plant Power currently operates seven restaurants and a food truck in Southern California and recently announced three significant hires, a national distribution agreement, and eight new locations planned to open over the next 14 months.
Date published: 22 February 2021