Getting Ready For 2022 With New Awards and a Kroger Deal The global vegan-dairy market includes oat, almond, cashew, and soy-based alternative. However, there's one plant that many companies have overlooked, and that's sesame. Sesame is incredibly resilient to extreme weather conditions and is far healthier than many other alternatives for you and the planet.
$MYLK is a company I've been watching since their recent IPO. They have 3 brands, including Mozaics chips, Veggiecopia, and their main one, Hope and Sesame. Their sesame milk from Hope and Sesame has 8g of protein per serving (3x oat milk and 8x nut-based milk) and has 30% more calcium than dairy milk.
Today, I want to focus on their huge deal with the US’s largest grocery retailer, Kroger, to carry the sesame milk.
- They'll be the first retailer to introduce the sesame milk in 48oz bottles.
- It will be expanded to select Fred Meyer, Ralphs, King Soopers and Mariano's locations
- Kroger will launch 2 flavours, including unsweetened original and unsweetened vanilla
https://finance.yahoo.com/news/planting-hope-debuts-refrigerated-sesamemilk-124500274.html
This deal should begin to pave the way for significant revenue generation and other agreements with more grocers across the US and Canada. With an award-winning taste and revamped branding, I'm sure we’ll see many more of these deals included in the rapidly growing distribution network.
Overall, $MYLK is a plant-based company that should at least be on your watchlist. They've developed a strong foundation over the past few months, and there are only signs of further growth here. IMO, It's still relatively undervalued with a market cap of only $30.5M, and the stock has gained upward momentum since the Kroger announcement.