Eat Beyond Portfolio Shows Early Returns, Seeding Larger Vision, and Enters Marketing Agreement
Eat Beyond Global Holdings Inc. (CSE: EATS, OTCPK: EATBF) reports significant growth, with share prices rising over 340% since its November 2020 trading debut. Key portfolio companies, including The Very Good Food Company and good natured®, are also reaching all-time highs. The plant-based food market is projected to reach $75 billion by 2027, presenting substantial growth opportunities. In addition, Eat Beyond has engaged Electrik Dojo for digital marketing services to enhance brand awareness, compensating them $100,000 for a 30-day term.
- Share price increased over 340% since trading began in November 2020.
- Portfolio companies like The Very Good Food Company and good natured® experiencing record share prices.
- The plant-based food market projected to reach $75 billion by 2027, indicating strong sector growth potential.
- None.
VANCOUVER, BC, Feb. 25, 2021 /PRNewswire/ - Eat Beyond Global Holdings Inc. (CSE: EATS) (OTCPK: EATBF) (FSE: 988) ("Eat Beyond" or the "Company"), an investment issuer focused on the global plant-based and alternative food sector, is pleased to announce the recent success of its growing global portfolio.
Eat Beyond began trading on November 17, 2020 and its share price has jumped over 340 percent in just over three months. Several of Eat Beyond's portfolio companies have also now reached all-time highs for their share prices.
"Eat Beyond's objective is to provide liquidity and earn a return for our shareholders, while also continuously identifying and developing new opportunities in our target sector," said Patrick Morris, CEO of Eat Beyond. "While we do provide capital to our portfolio companies, that capital is just the start of our real investment. Eat Beyond's investment committee offers guidance and growth strategy to help companies accelerate their success and profitability more rapidly. We act as a true partner to help remove barriers and create opportunities to unlock each company's full potential."
The Company has seen strong returns from its portfolio companies including:
- The Very Good Food Company (CSE: VERY). Eat Beyond's investment was at a price of
$0.25 per common share in early 2020, and shares have been trading steadily over$6.00 since December of 2020. - Eat Beyond purchased a stake in good natured® (TSXV: GDNP) in November 2020 at
$0.14 per share with each share receiving one-half warrant at$0.21 . On Wednesday, February 24, 2021 the stock price last closed at$1.50 . good natured® was also recently named a 2021 TST Venture 50 Company in the Clean Tech and Life Sciences sector. - Eat Just was the first company in the world to have its cultured chicken product approved for sale. The product has been offered on a restaurant menu in Singapore since December 2020 and the company is scaling up production. Eat Just CEO Josh Tetrick has said the company is focused on achieving operating profitability and then intends to take the company public.
- Singapore-based TurtleTree Labs Launched TurtleTree Scientific in January 2021, TurtleTree Scientific is focused on working with cell-based meat companies on the production of food-grade growth factors to build the foundation that the cultured food industry needs to thrive.
- Edmonton-based Nabati Foods has been growing rapidly with its diverse product line of meat, dairy, and cheese alternatives, and has just closed an oversubscribed round of financing. Nabati has plans to go public in 2021.
"Eat Beyond seizes smart investment opportunities in early seed rounds for global companies that are not typically available to retail investors. We are the first Canadian company to focus exclusively in this area, and our focus spans innovative alternative proteins, food technology, and consumer packaged goods," added Morris. "Our vision for Eat Beyond and its potential opportunities continues to expand, and we look forward to further refining our strategy in the coming year."
The plant-based food market is projected to reach nearly
Marketing agreement
The Company also announces it has engaged Electrik Dojo LLC for native advertising and digital marketing services to increase brand awareness for the Company. Certain services to be provided by Electrik Dojo are anticipated to include investor relations activities under the policies of the CSE and applicable securities laws. The Company will compensate Electrik Dojo USD
About Eat Beyond Global Holdings
Eat Beyond Global Holdings Inc. ("Eat Beyond") (CSE: EATS) (OTCPK: EATBF) (FSE: 988) is an investment issuer that makes it easy to invest in the future of food. Eat Beyond identifies and makes equity investments in global companies that are developing and commercializing innovative food tech as well as plant-based and alternative food products. Led by a team of food industry experts, Eat Beyond is the first issuer of its kind in Canada, providing retail investors with the unique opportunity to participate in the growth of a broad cross-section of opportunities in the alternative food sector, and access companies that are leading the charge toward a smarter, more secure food supply. Learn more: https://eatbeyondglobal.com/
Find Eat Beyond on Social Media on LinkedIn, Instagram, Twitter and Facebook
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SOURCE Eat Beyond Global Holdings Inc.
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