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Plant Veda Foods Ltd C.MILK

Alternate Symbol(s):  PLVFF

Plant Veda Foods Ltd. is a plant-based beverage and food company. The Company specializes in low-processed, all-natural, nutritious, allergy-free and delicious dairy alternatives. The Company offers plant-based drinkable yogurt, plant-based milk, and plant-based coffee creamer. Its plant-based drinkable yogurt, Probiotic Lassi, consists of a variety of flavors, including mango, turmeric ginger, saffron cardamom, strawberry, and blueberry. Its plant-based milk Mylk is made from multi-plant whole-food ingredients. Its plant-based coffee creamer is made from cashews, coconuts and oats and consists of a variety of flavors, such as original, vanilla, hazelnut, and chai spice. Its facilities include a 25000 square foot center, hot and cold filing, new product development, in-house HPP, VAT and HTST pasteurization and others. Its packaging options include plastic bottles, glass bottles, plastic or paper cups, and pouches or bulk bags.


CSE:MILK - Post by User

Post by Justdosomeddon Aug 24, 2021 3:59pm
105 Views
Post# 33756022

Ever Increasing Customer/Distribution Base

Ever Increasing Customer/Distribution Base
The dairy alternatives market is expected to hit $53.97B by 2028 from $19.66B in 2020, and between 2021-2028, it's estimated that the market will grow with a CAGR of 13.3%. The global dairy market is estimated to be worth $490B, with a CAGR of 5%. Meaning that the alternative dairy market will keep securing a more significant portion of the dairy market.
 
https://www.globenewswire.com/news-release/2021/07/30/2271991/0/en/Dairy-Alternatives-Market-to-Hit-53-97-Billion-by-2028-Surging-Demand-for-Plant-Based-Milk-Products-by-Health-Enthusiasts-to-Spur-Growth-Fortune-Business-Insights.html
 
With the growth in the plant-based market, there’s a ton of potential for many companies. One of my favourites is Plant Veda. $MILK is a company that has 3 main, award-winning, product offerings: Lassi, coffee creamer, and milk. With yogurt and dips currently being developed.
 
Their timeline and recent announcements have been pretty impressive. For example
 
- Partnership with Fresh Prep (17,000+ customers). Will be listed as a “local add-on”
- FDA Registration and CFIA approval
- Plans to expand nationally this year, and internationally next year. Tie this in with their products in over 100 retail locations, things are looking good now and for the future! The management team has done a great job this year ensuring the business is operating well and is in a position to grow.
 
It’s currently hovering near lows from mid-July at $1.65 so it might be a good time to buy the dip. A $32M market cap looks relatively cheap when considering what they’ve done and what the future holds!
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