Eat Beyond - Plant-based potential $EATS is up 4% today to $1.97. Eat Beyond is a plant-based food investment company with many companies held within their portfolio that have generated huge returns. They continue to make smart investments in the sector and is looking good as a longterm hold.
Recently, one of $EATS portfolio companies, Eat Just, received $200M in a private funding round which gives a valuation of over $1B. Eat Just focuses on creating cultured eggs and chicken which uses less water and is a more sustainable approach to satisfy humanity’s food needs. With the plant-based sector set to grow exponentially in the next few years, $EATS is very undervalued based on the future potential of the company.
I’m personally adding more at these levels (sub $2) as the stock is far below the ATH set in January. Definitely a correction that was needed but don’t let the recent decline distract you that the stock is still up over 150% since their November IPO.
https://www.newswire.ca/news-releases/eat-beyond-portfolio-company-eat-just-closes-us-200-million-in-new-funding-820738720.html
https://www.fooddive.com/news/why-plant-based-business-pioneers-say-the-sector-has-just-gotten-started/597180/