$PBF's burger trumping others in nutrition Planet Based Foods ( $PBF.C) IPO's on the CSE just yesterday and closed today at $0.35. There are a couple of reasons as to why I think that is a great price.
If you haven't heard of $PBF before it is a plant-based food company that uses primarily hemp protein.
Hemp has environmental and nutritional benefits over other plant protein alternatives. It can even regenerate the solid that it is grown in and has a lot of nutrients that other plants do not. Because of this I think that $PBF is going to be very attractive to consumers.
- How $PBF Raised over $8M in cash & their general share structure
Additionally the market opportunity of the plant-based market (expected to reach $12 B by 2025 with a 31.4% YoY growth rate since 2020. One company that has done great in this market is Impossible, however, $PBF's burger is nutritionally superior to this product.
Currently, $PBF is just producing a plant-based burger live however they have a set plan for rolling out new products in 2022 as well as expanding their retail presence in the US.
https://www.newswire.ca/news-releases/planet-based-food-to-commence-trading-on-the-canadian-securities-exchange-879731877.html