(MENAFN- Baystreet.ca) The plant-based food trend is only growing. In fact, as the vegan and vegetarian audience grows, even fast food giants are jumping on the greener bandwagon. McDonald's for example just announced that it will offer a meatless burger called the McPlant. Pizza Hut just partnered with Beyond Meat to offer plant-based pizzas across the country. Even Burger King, Carl's Jr., White Castle, Dunkin', and Del Taco are offering alternative meat choices, too. "The introduction of a plant-based line by the world's largest fast-food chain will certainly challenge these brands' dominance of the plant-based market," said Alex Jarman, a research analyst with Euromonitor International, as quoted by NBC News. "In recent years, chains such as Burger King and White Castle gained a competitive advantage against McDonald's by introducing plant-based options on their menus. Vegan and vegetarian consumers may have avoided McDonald's in favor of chains with these options." With the trend only getting hotter, it's also creating sizable opportunity for companies such as Else Nutrition Holdings Inc. (TSXV: BABY)(OTCQX: BABYF)(FSE:0YL), Burcon NutraScience Corp. (TSX:BU)(OTC:BUROF), Beyond Meat Inc. (NASDAQ:BYND), SunOpta Inc. (NASDAQ:STKL)(TSX:SOY), and Hain Celestial Group Inc. (NASDAQ:HAIN).
Else Nutrition Holdings Inc. (TSXV: BABY)(OTCQX: BABYF)(FSE:0YL) BREAKING NEWS : Else Nutrition Holdings Inc. , the plant-based baby, toddler and children nutrition company, is pleased to announce that as part of its mission to ensure its novel, plant-based toddler nutrition products will be accessible to health conscious families across North America, that it has now commenced shipping its Plant-Based Complete Nutrition for Toddlers to retail stores across the U.S.. The Company and its distribution partner, Kehe Distributors, has thus far activated five distribution centers in various regions across the U.S. This distribution will enable Else's first product to very quickly be on the shelves of numerous U.S. retail stores, including a soon-to-be announced, national major grocery chain.
"We are so pleased that Else will be available to consumers on their favourite store shelves in advance of the Christmas holiday," said Mrs. Hamutal Yitzhak, CEO and Co-Founder of Else. "We are making strong headway now, adding brick and mortar as a core sales vertical, to be complemented by our already-growing e-commerce and Amazon business verticals. We continue to extend our appreciation to KeHe Distributors for its early support of our brand, and anticipate early success and aggressive listings in 2021, as we develop our core retail accounts," she added.
KeHE Distributors has nearly 70 years of experience servicing store owners and today has a network of over 16 distribution centers across North America. KeHE is one of the largest and most well regarded national fresh, natural and organic and specialty food distributors in North America. Else Nutrition's agreement with KeHe Distributors secures a retail distribution path of Else's ground-breaking plant-based toddler nutrition products to thousands of store shelves in the United States, and millions of consumers seeking plant-based alternatives for their children.
Other related developments from around the markets include:
Burcon NutraScience Corp. (TSX:BU)(OTC:BUROF), a global technology leader in the development of plant-based proteins, is pleased to announce the results from its 2020 annual meeting of shareholders held on September 17, 2020. All of the eight nominees set out in Burcon's management proxy circular dated July 31, 2020 proposed by management for election to the board of directors at the Meeting were elected to the board. Each director elected will hold office until the conclusion of the next annual meeting of shareholders of Burcon or until his or her successor is elected or appointed, unless his or her office is earlier vacated in accordance with Burcon's by-laws or with applicable law.
Beyond Meat Inc. (NASDAQ:BYND), a leader in plant-based meat, announced the next step forward in cutting-edge innovation with the unveiling of two new versions of the Beyond Burger which are expected to launch nationwide in early 2021. A trifecta of taste, health and sustainability, the new iterations are designed to meet consumers' growing demand for plant-based proteins that deliver on both taste and nutrition, while featuring an enhanced meaty flavor and the craveable taste consumers love, with an even better nutritional profile. Similar to the range of nutritional options of beef currently available in the marketplace, the two versions are designed to offer more choice for consumers. The new Beyond Burgers will include the brand's juiciest patty for the meatiest burger experience even as it delivers strong nutritional wins relative to 80/20 beef with 35% less saturated fat, as well as its most nutritious patty yet with 55% less saturated fat than 80/20 beef. Both new burgers will boast the same savory taste profile, have lower overall fat and fewer calories than 80/20 beef, and have B vitamins and minerals comparable to the micronutrient profile of beef.
SunOpta Inc. (NASDAQ:STKL)(TSX:SOY), a leading global company focused on plant-based foods and beverages, fruit-based foods and beverages, and organic ingredient sourcing and production, announced it has reached an agreement to sell the Company's global ingredients segment and related assets to an Amsterdam based global commodity trading company, Amsterdam Commodities N.V. (Euronext: ACOMO) for a debt and cash free consideration of €330 million. The transaction, which remains subject to customary closing conditions, is expected to close by January 2021. "I'm pleased to announce this strategically transformational transaction. This transaction further solidifies SunOpta's future direction as a high-growth, plant-based company focused on providing value-added products in competitively advantaged categories with consistent, sustainable, above average growth characteristics. The long-term supply agreement negotiated as part of this transaction provides SunOpta with the benefit of a continued strategic relationship with a leading global ingredient player in Acomo. Furthermore, this transaction de-levers and strengthens SunOpta's balance sheet, enabling the acceleration of near-term expansion plans in our fast-growing plant-based food and beverage segment. The plans include both high-return capital investment projects, as well as synergistic acquisitions, that add to an existing set of strong capabilities in our core plant-based beverage platform. This is a very exciting time for us at SunOpta as we look forward to building on our success of the past four quarters," said Joe Ennen, Chief Executive Officer of SunOpta.
Hain Celestial Group Inc. (NASDAQ:HAIN), a leading organic and natural products company with operations in North America, Europe, Asia and the Middle East providing consumers with A Healthier Way of Life reported fi nancial results for the first quarter ended September 30, 2020 . The results contained herein are presented with the Hain Pure Protein and Tilda operating segments being treated as discontinued operations. Mark L. Schiller, Hain Celestial's President and Chief Executive Officer, commented, "We are very pleased with our first quarter results, which exceeded our initial expectations of several hundred basis points of margin expansion, significant growth in adjusted EBITDA and mid-single digit adjusted net sales growth. The strength in adjusted earnings, in both the North America and International segments once again showcases our continued ability to execute against our transformational plan. While the current macro operating environment remains fluid, we remain confident and committed to sustainable long-term growth, including continued gross and adjusted EBITDA margin expansion and double-digit adjusted EBITDA growth in fiscal year 2021."
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