With a CAGR of 11.9% until 2027 the plant-based market is one of the fastest-growing sectors in the food industry. Feel Foods is a company looking to take advantage of the growth with its products and brands. They recently announced a distribution campaign across Canada in addition to a CFIA approval to sell products across Canada and export to other countries.
- TWA (their distribution partner) will help Feel Foods expand sales on a national level and represent $FEEL to large companies such as Costco, Sobeys, Save-On-Foods, Loblaws, Thrifty Foods, and many other large chain retailers.
- The CFIA license certifies all foods for export, streamlining the system and making export easier for Canadian manufacturers.
Plus, the Canadian distribution expansion is just beginning. With a current presence in 70 BC and 1 Alberta retailers (under the Black Sheep and Be Good brands), there’s still a lot more shelf space for $FEEL’s products across Canada, and now, the US.
https://ca.finance.yahoo.com/news/feel-foods-gets-vital-ahead-133000017.html
Despite all of the fundamental growth over the past couple of months, the stock has been in a downtrend. However, things are starting to get interesting as we finish off 2021. Support levels at the $0.10-$0.12 range and with a market cap of only $10M tied with national (potentially international) distribution, new products (the vegan gummies/whip), and e-commerce growth, it’s a no-brainer to see that it's undervalued here, Christmas came early.