$PBF Up 24.5% In The Last Week Since hemp-based foods company Planet Based Foods announced it will be debuting its products in this year's Winter Fancy Food Show, shares of $PBF $PBF.C have gone up a solid 24.5%.
At the conference, $PBF debuted its frozen food line including five new products; The Original Hemp Burger, Green Chili Southwest Burger, Breakfast Sausage, Italian Crumble, and Original Crumble. All products are currently being sold through its e-commerce store.
I’m hoping that the company’s debut at the Winter Fancy Food Show will help the company push its brands into grocery retailers. Since the company onboarded ex VP of Sales for FIJI water as its new VP of business development & operations, the company has been partnering with restaurant brands in an effort to gauge the popularity of its products. This pragmatic approach has proved fruitful as $PBF’s products are expected to see a 50% rise in sales at its partners’ locations.
With the global plant-based foods industry expected to reach a value of USD $77.8 billion, a big distribution announcement should prove to be a catalyst for striking growth for $PBF.
$PBF is currently trading at $.38 and the company is valued at an MCAP of $19.47 million.
https://ceo.ca/@newswire/planet-based-foods-debuts-new-line-of-frozen-plant-based