$FEEL.C Announces Plant-Based Gummies Feel Foods just announced that they’ve completed their formulations for their plant-based gummy line. With the vegan confectionary market expected to grow by 11.8% per year until 2027, there’s a lot of room to gain a foothold in the industry.
Alongside that announcement, their vegan-cheese subsidiary announced that they were able to sell 150 wheels of cheese at the 2 day PlantedExpo. (At an average price of around $20, this should generate just under $3000 in revenue, but I'm focused more on the future revenue from the new customers).
https://ca.finance.yahoo.com/news/feel-foods-introducing-plant-based-133000433.html
Out of all the small-cap vegan companies, nobody is doing things as well as $FEEL. The top-notch team has continued to deliver on its promises. For example, the e-commerce growth, longer shelf-life for their cheeses, and an LOI for Plantastic Food. The vegan gummies are especially exciting due to the potential in the market. As I said before, an 11.8% CAGR and similar companies like Smartsweets having recently been acquired for around $400M, $FEEL’s $11M valuation looks pretty attractive considering the future growth.
The stock has been trending down over the past few months but is now hitting support at $0.18, which could be a sign of the bottom. It's a no-brainer to see that they've had a ton of fundamental growth despite the stock performance. $FEEL is definitely one that's going to outperform over the long run. GLTA!