++ Strategic position in plant-based foods industry Eat Beyond joins Protein Industry Canada further articualting EATS strategic position and connections in plant-based industry. "Protein Industries Canada (PIC) is an industry-led, not-for-profit organization created to position Canada as a global source of high-quality plant protein and plant-based co-products. We are one of Canada’s five innovation Superclusters." These clusters will help direct $1 BILLION in government grants over the next five years - just an inkling of the synergies between policy agendas and this industry. EATS involvement in teh cluster will help inform future portfolio adds and could help lobby direct grant opportunties for portfolio companies based on Canada (Nabati, VERY, and Above Foods).
https://finance.yahoo.com/news/iiroc-trading-halt-mms-120200651.html
This strategic move is in line with the Dec 10 announcement that EATS joined the Plant-based Foods Assocation
""The [PBFA] association acts as a catalyst for the industry, providing up-to-date reports and data and working closely with investors, as well as retailers to expand opportunities for plant-based food companies.""
https://finance.yahoo.com/news/design-competition-launched-global-affairs-180000900.html
Involvement in these assocations is good news for EATS keeping at the forefront of this sector. Once this Growth stocks sell off cools off a bit more, EATS is heading back up and is in it for the longterm.