Billy Goat Brands just debuted on the CSE today under the ticker $GOAT. They are a company that focuses on investing in private, high-potential, plant-based companies to maximize shareholder value since these companies are mainly inaccessible for retail investors.
https://www.globenewswire.com/news-release/2021/09/15/2298011/0/en/Billy-Goat-Brands-to-Commence-Trading-on-the-Canadian-Securities-Exchange-on-September-16-2021.html
Some of the brands include:
- FunGuys Beverages 100% ownership: Produces the KOLD brand, mushroom-infused cold brew coffee looking to expand across NA this year and next.
- The Vegetarian Butcher 12.4% ownership: A plant-based retail concept with 2 locations and more coming soon.
- Sophie’s Kitchen 46% ownership: Vegan/plant-based seafood and being the highest valued company in the portfolio. (completed a $5.6M funding round led by $GOAT today, link below)
- Evanesce Packaging (unknown stake): A green packaging company that is helping end the plastic crisis with their packaging solutions. I'm guessing $GOAT was a part of the recent $17M funding round, so we’ll have to see how much the investment was in the future.
https://www.businesswire.com/news/home/20210916005534/en/Sophie’s-Kitchen-Secures-5.6-Million-in-Funding-for-Growth
It opened up at $0.53 this morning but has struggled to top $0.40 after the dip. IMO, this is a blessing in disguise. Cheaper shares = more chances to buy a high-potential company with a more reasonable valuation. With the plant-based sector growing at an estimated 10%-15% every year, things are looking good considering the individual company growth in addition to the entire sector.
I’ll definitely be keeping a close eye on $GOAT as the stock continues to mature. GLTA!!