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EAT & BEYOND GLOBAL HLD - EATBF STOCK NEWS

Welcome to our dedicated page for EAT & BEYOND GLOBAL HLD news (Ticker: EATBF), a resource for investors and traders seeking the latest updates and insights on EAT & BEYOND GLOBAL HLD stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect EAT & BEYOND GLOBAL HLD's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of EAT & BEYOND GLOBAL HLD's position in the market.

Rhea-AI Summary

Eat Beyond Global Holdings Inc. (CSE: EATS, OTCPK: EATBF) announced its initial investment in good natured® Products Inc. in November 2020 at $0.14 per share. The investment has skyrocketed over 800% following good natured®'s recent gross proceeds of $23.1 million from a share offering priced at $1.20. Eat Beyond CEO Patrick Morris expressed optimism for the expanding plant-based sector and emphasized the company's commitment to investing in innovative food companies. good natured® forecasts a nearly 70% revenue increase for 2020, projecting over $16 million.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.82%
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Rhea-AI Summary

Eat Beyond Global Holdings Inc. (OTCPK: EATBF) announced that its portfolio company, Nabati Foods Inc., has expanded its leadership team by adding several experienced advisors and directors, including former Mars Canada CEO Don Robinson as Executive Chairman. CEO Patrick Morris emphasized the importance of this strategic move to navigate Nabati's growth. Nabati, founded in 2014, is experiencing rapid expansion with diverse product lines and aims to elevate its operations with a team boasting over 100 years of combined experience.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-12.78%
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management
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Rhea-AI Summary

Eat Beyond Global Holdings Inc. (CSE: EATS, OTCPK: EATBF) has joined Protein Industries Canada (PIC), enhancing its position in the plant-based food sector. PIC aims to position Canada as a leader in high-quality plant protein and is one of the country's five innovation Superclusters backed by a $1 billion investment. CEO Patrick Morris emphasized the alignment of this partnership with Eat Beyond's mission to facilitate market access and partnerships for new ventures in plant-based protein. This collaboration is expected to accelerate innovation and competitiveness in the sector.

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Rhea-AI Sentiment
End-of-Day
-4.53%
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Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.7%
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Rhea-AI Summary

Eat Beyond Global Holdings (CSE: EATS, OTCPK: EATBF) has invested in Plant Power Restaurant Group, a leading vegan QSR noted for its plant-based menu. This move marks Eat Beyond's entry into the quick service restaurant sector. With a reported net sales growth of over 1200% since 2016, Plant Power operates seven locations and plans to expand with eight new sites. The QSR market was valued at $273 billion in 2019, highlighting significant consumer demand for vegan options. Additionally, the company has extended a marketing agreement worth EUR 200,000 to boost market awareness.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.17%
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Rhea-AI Summary

Eat Beyond Global Holdings has completed an investment in Zoglo's Incredible Food Corp, participating in its seed round. Zoglo's, a leader in kosher plant-based products for over 25 years, plans to go public via a reverse takeover. Eat Beyond is expected to increase its investment in Zoglo's during its upcoming financing round. Zoglo's offers over 14 plant-based protein products, available in major retailers like Walmart and Shoppers Drug Mart. Both companies foresee significant potential in Zoglo's expansion into the foodservice sector.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.09%
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none
Rhea-AI Summary

Eat Beyond Global Holdings (OTCPK: EATBF) reports positive early viewership results from its sponsorship of the Madden Yard Legends Challenge, a Super Bowl event. The event, featuring celebrities competing in a video game, garnered 96,738 sessions and 90,056 unique viewers in the U.S. within two days. This reflects the growing interest in esports among younger consumers. With the esports market projected to exceed $1.5 billion by 2023, Eat Beyond aims to leverage such partnerships for growth in the plant-based and alternative food sector.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.56%
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Rhea-AI Summary

Eat Beyond Global Holdings (OTCPK: EATBF) announced that its portfolio company, Nabati Foods, is featuring its Mozzarella Style Cheeze Shreds in COBS Bread's new plant-based Beyond Sausage Arrabbiata Mini Pizza. This pizza will be available at all 130 COBS locations across Canada. The product combines Nabati's dairy-free cheese with Beyond Meat's Italian Sausage crumbles on a fermented Turkish dough base. Nabati continues to see growing demand across various channels, reflecting a trend towards healthier, sustainable plant-based foods.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.36%
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Rhea-AI Summary

Eat Beyond Global Holdings (CSE: EATS, OTCPK: EATBF) has announced its sponsorship of the 2021 Superbowl event, the Madden The Yard Legends Challenge, hosted by the NFL Alumni Association and Esports Television. The event, taking place from February 3 to February 7, will feature celebrity participants and be streamed across various platforms. CEO Patrick Morris emphasized the opportunity to engage with the Gen Z demographic through esports, as more athletes adopt plant-based diets. Eat Beyond will utilize in-game advertising and social media features to promote its portfolio.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.01%
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none
Rhea-AI Summary

Eat Beyond Global Holdings Inc. (CSE: EATS, OTCPK: EATBF) announced that its portfolio company, good natured Products Inc. (TSXV: GDNP), posted impressive fiscal results for Q4 2020. The company reported anticipated revenue growth of 98% to 110%, totaling between $5.0 million and $5.3 million for the quarter. FY2020 revenue is projected to rise nearly 70% to $16.4 million to $16.7 million. Factors contributing to this success include organic growth, new eCommerce initiatives, and entry into the medical packaging sector, enhancing accessibility to plant-based products.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.52%
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none

FAQ

What is the market cap of EAT & BEYOND GLOBAL HLD (EATBF)?

The market cap of EAT & BEYOND GLOBAL HLD (EATBF) is approximately 1.5M.

EAT & BEYOND GLOBAL HLD

OTC:EATBF

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EATBF Stock Data

1.51M
29.26M
1.21%
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