Hemp sets PBF apart and ahead of competitors (DD Summary) Week 2 of trading for Planet Based Foods ($PBF.c)! The first week was a bit volatile as most IPO's are but overall $PBF is looking promising IMO.
- Three currently available products with strong project IP for future releases (7 additional products currently being developed)
- DTC launch with Amazon Fresh & Walmart and is an approved Target vendor
- Currently available at multiple restaurants in South California and is expanding into Colorado, Arizona and the rest of California
- Global plant-based meat market size likely to surpass $12B by 2025
Plus, based on the experience of similar companies, PBF could be set to experience solid growth as the next big superfood company.
- Ex. Beyond Meat experienced almost 300% growth in stock price since its IPO in 2019
- Online & DTC sales of plant-based alternatives have skyrocketed, representing 15% of total US retail sales (Ex. Good Food, Hello Fresh)
Check out this solid DD summary:
https://www.reddit.com/r/CanadaStocks/comments/rydukd/planet_based_foods_pbfc_a_hempbased_meat_ipo/?utm_source=share&utm_medium=web2x&context=3