Japanese food-tech venture Next Meats gets listed on the first plant-based stock Index, VegTech Index

Rhea-AI Summary

On March 19, 2021, Next Meats Co. from Japan was included in the VegTech Index, a listing of 21 environmentally conscious public companies. This marks a significant achievement for Next Meats, as it joins prominent names like Beyond Meat and Tesla, being the sole representative from Japan. The company, which focuses on plant-based food technology, has undergone rapid expansion since its founding in 2020. Despite having acquired an American SPAC, Next Meats has yet to finalize a trading deal and does not currently have shares available under the ticker NXMH.

Positive

• Listed on the VegTech Index alongside major companies like Beyond Meat and Tesla.
• Known for innovative plant-based products, including the NEXT Yakiniku series.
• Rapid expansion in multiple countries, including the U.S. and Vietnam.

Negative

• No trading shares available under the ticker NXMH as no deal has been concluded with the SPAC.

TOKYO, March 19, 2021 /PRNewswire/ -- Plant based business expert Elysabeth Alfano and vegan investor Sasha Goodman revealed the VegTech Index earlier this month, listing 21 globally operating environmentally conscious companies which are traded publicly.

In this Index the Japanese alternative meat manufacturer Next Meats Co. was listed, securing a spot along with Beyond Meat and Tesla. They are the only company listed from Japan, and is one of the eleven companies in the VegTech Index which is on the American OTC Market.

As warned in the original article, although Next Meats Co. has acquired an American SPAC, no deal has been concluded at this time and there are no shares of the company being traded under the ticker NXMH yet. However Next Meats is expanding its business rapidly, and their growth is definitely one to look out for.

About Next Meats

Next Meats is a food-tech venture company based in Tokyo, with the company mission "Not letting the Earth End". Their research began in 2017 and the company was officially founded in June of 2020. Next Meats is known for launching the world's first plant-based Japanese BBQ meats "NEXT Yakiniku" series as well as the plant-based Japanese beef bowl, "NEXT Gyudon". In December of 2020 they announced their partnership with Toyota-Tsusho Corporation, and in January of 2021 was listed on the American OTCBB.

In addition to the facilities in Japan, Next Meats has a production line in Vietnam and has also signed a joint development contract with Hung Yang Foods of Taiwan, and is rapidly expanding their business to the United States, Singapore, Italy, and other countries. They plan to research various types of alternative proteins in the future and aim to replace all animal meats by 2050.

Website: https://nextmeats.co.jp/en-US 
Instagram: https://www.instagram.com/nextmeats/
Twitter: https://twitter.com/MeatsNext
Facebook: https://www.facebook.com/NextMeats 

Original article: https://elysabethalfano.com/plantbased-business-hour/vegtech-the-global-vegan-impact-and-innovation-index/

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SOURCE Next Meats Co., Ltd.

FAQ

What is the VegTech Index and how did Next Meats Co. get listed on it?

The VegTech Index is a listing of environmentally conscious companies. Next Meats Co. was included as it is a leader in the plant-based food sector.

Is Next Meats Co. currently trading on the stock market?

No, Next Meats Co. does not have shares traded under the ticker NXMH yet due to an unfinalized SPAC deal.

What countries is Next Meats Co. expanding into?

Next Meats is expanding its business to the United States, Singapore, Italy, and others.

What products does Next Meats Co. offer?

Next Meats Co. offers innovative plant-based products like NEXT Yakiniku and NEXT Gyudon.

When was Next Meats Co. founded?

Next Meats Co. was officially founded in June 2020.