DTC Eligibility Announced! $FEEL just received DTC eligibility in the US. This will make it easier, cheaper, and more visible to US investors, which should help boost volume coming from the OTC markets.
https://ca.finance.yahoo.com/news/feel-foods-ltd-receives-dtc-123000717.html
$FEEL is a plant-based company looking to grow. For example, they recently acquired Black Sheep Vegan Cheeze and are preparing to distribute it all around Canada. The plant-based market is still emerging and is expected to continue taking market share from traditional markets as tech improves, pulling down costs/prices while enhancing flavour. $FEEL is also fairly diversified in the sector:
- Black Sheep (as mentioned above): A recently acquired vegan cheese company. 10 vegan cheeses available in 30+ retail locations. (new distribution/agreements have been made to increase the retail footprint)
- Be Good Foods: Plant-based meat products plus R&D being done for potential candy products.
I've been watching feel for a while now, and it keeps getting more attractive at these levels. There's strong support at $0.21, with resistance holding at $0.25. If it breaks $0.25, this can quickly push to the $0.30+ levels again, considering the relatively small float. As they continue to gain exposure through things like the food truck, a $14M market cap is very low compared to peers. I'm expecting big things from $FEEL. GLTA