Interview With Michael Yang Just watched an interview on Rich Live TV with the president of $MILK, Michael Yang. I summarized some of the main points below:
- The main goal is to accelerate the switch from dairy to plant-based for health and environmental reasons.
- Sales in 100+ BC stores (Whole Foods, Save On Foods, Choices, Spud.ca, etc.)
- Ready to move into the rest of NA once production capability is scaled up. 25000sqft facility in Delta, which is expected to be finished later this year (will also allow them to create new products)
- Improve online presence/logistics around it
- Dairy is a $490B industry, the plant-based sector is only worth around $20B with double-digit growth. Lots of potential in the future to continue capturing market share while increasing sales/revenues
Watch it here: https://youtu.be/PLjrTrZSpaY