TSXV:HULK.H - Post by User
Post by
ProfPennyPinchon Apr 08, 2021 4:37pm
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Post# 32958687
$HULK - Getting Ready for a Big Summer
$HULK - Getting Ready for a Big Summer Can’t wait until this summer when Pontus Protein, $HULK, begins production at their Surrey facility. Their protein lentils use 95% less water and don’t require any chemicals or pesticides while also being able to be harvested every 24 hours while also being certified organic. Everything is on track with the facility and they’ve recently received Plan Approval by Fraser Health which was announced in the news update on April 6th. $HULK is aiming for their aquaponic protein lentils to be used as a base for plant-based foods. Their lentils contain 40% protein compared to pea and soy protein which only contain around 5%-36% protein.
Some estimates state the plant-based food sector will see an annual growth rate of nearly 12% making it the fastest-growing food industry across the globe. If $HULK is able to effectively execute its plans of their product becoming a base for plant-based foods the upside is tremendous for the company.
https://www.globenewswire.com/news-release/2020/08/13/2077824/0/en/Plant-based-Food-Market-Worth-74-2-Billion-by-2027-Growing-at-a-CAGR-of-11-9-from-2020-Pre-and-Post-COVID-19-Market-Opportunity-Analysis-and-Industry-Forecasts-by-Meticulous-Resear.html
The stock closed up 3.3% today to $0.62 sitting near the $0.60 technical support.
Link to Surrey update: https://ca.finance.yahoo.com/news/pontus-provides-further-surrey-production-080000578.html