Nabati Foods just listed on the CSE under the ticker $MEAL and so far, things are looking pretty solid They're also listing onto the Frankfurt exchange, and we could see a huge surge of volume coming in from Europe.
Level 2 on the Canadian side is looking impressive. Not a lot of selling going on at these levels but a considerable amount of buying all across the $0.70-$0.80 range. Volume is still staying strong, with around 160k traded so far.
The current market cap of $36M seems pretty low, looking at what they've been able to achieve in the past year. This month alone, $MEAL’s plant-based liquid eggs have been made available in BC and Ontario Whole Foods (should see sales surge since $MEAL is one of the only companies making plant-based eggs). With their new facility, Martin Parent joining as an advisor, and the new plant-based eggs, future revenue/retail growth seems locked in.
https://ceo.ca/@nasdaq/nabati-foods-plant-based-liquid-eggs-now-available
Nabati continues to innovate in the plant-based sector. I've tried the mozzarella before. It tastes just like the real thing. Overall, $MEAL is an extremely undervalued company relative to peers (just look how overvalued companies like $BYND are). I'm looking forward to seeing how the stock performs on both the CSE and German exchanges. GLTA!