$PBF building consumer base through restaurant distribution After the appointment of a new VP of business development and operations, Planet Based Foods ($PBF/$PBF.CN), appears to be focusing on building a consumer base through the distribution of its products to restaurants.
This month, $PBF began supplying its products to Stout Burgers & Beers in the LA area, as well as Copper Mountain Ski Resort. By doing so, $PBF is targeting more health-minded individuals in an organic way.
I expect to see $PBF continue to explore partnerships with restaurants that align with its brand ahead of exploring distribution options through grocery retailers. This gives $PBF the opportunity to build a customer base organically by giving consumers the ability to try its products in places they already frequent.
With the plant-based foods market continuing to boom, I’m feeling confident that $PBF will be able to secure it’s niche under this new leadership.
$PBF is currently trading at $.305 and is valued at an MCAP of $15.62 million.
https://ceo.ca/@newswire/planet-based-foods-announces-collaboration-with-stout