Tuesday , 24 May 2022

Plant-Based Food Stocks Index Went DOWN -54.8% In 2021!

 

The munKNEE Pure-Play Plant-Based Food Stocks Index performed dreadfully in 2021 going DOWN -54.8%.

An original article by Lorimer Wilson, Managing Editor of munKNEE.com – Your KEY To Making Money!

All 5 constituents in the non-tradable munKNEE Pure-Play Plant-Based Food Stocks Index, consisting of fledgling fake meat, dairy, egg, and seafood stocks with market capitalizations between $100M and $420M, went DOWN in 2021.

Note that each constituent has hyperlinks to 3 areas of additional information which are imperative for any individual considering investing in this sector:

  • The company name is hyperlinked to its web site to provide you with a description of the company and an analysis of its stock.
  • The trading symbol is hyperlinked to additional financial data and commentary on the company (where available).
  • The percentage change in 2021 is hyperlinked to a chart of the company’s stock performance.

The “financial distress” percentage is sourced from macroaxis.com (visit the site and type in the stock symbol to obtain detailed financial data on the health of the company).

Below is how the Pure-Play Plant-Based Food Stocks Index constituents performed in 2021, in descending order:

  1. Guru Organic Energy Corp. (CSE: GURU; GUROF): DOWN -15.9%
    • a Montreal, Canada beverage company launched in 1999, when it pioneered the world’s first natural, plant-based energy drink.
    • has over a 77% chance of experiencing financial distress in the next few years of operation.
  2. Tattooed Chef (TTCF): DOWN -32.1%
    • offers a broad portfolio of plant-based food products that are available in the frozen food sections of national retail food stores across the United States.
    • has less than a 26% chance of experiencing some form of financial distress in the next two years of operation.
  3. Else Nutrition (BABYF): DOWN -71.8%
    • an Israel-based food and nutrition company focused on developing innovative, clean and plant-based food and nutrition products for infants, toddlers, children, and adults.
    • has over a 73% probability of financial distress in the next few years of operation.
    • announced results for its third quarter ended September 30, 2021 (see here).
  4. Laird Superfood (LSF): DOWN -73.1%
    • announced results for its third quarter ended September 30, 2021 (see here).
    • has more than a 58% chance of experiencing financial distress in the next 2 years of operation.
  5. The Very Good Food Company (VGFC): DOWN -84.8%
    • designs, develops, produces, distributes, and sells a variety of plant-based meat and other food alternatives to customers in Canada and the United States.
    • has about a 35% probability of financial distress in the next few years of operation.
    • announced results for its third quarter ended September 30, 2021 (see here).

The average market capitalization of the above 5 stocks is $220M with an average stock price of $8.49/share. (The aforementioned currency amounts are in U.S. dollars. Go here to convert to another currency.)

The 5 pure-play stocks in the munKNEE Pure-Play Plant-Based Food Stocks Index are just that, pure, and focused almost exclusively on the research, development, sales, distribution, and marketing of vegan food products and, as such, the Index reflects the true health of the plant-based food sector in the U.S. and Canada.

Editor’s Note:

Please donate what you can towards the costs involved in providing this article and those to come. Contribute by Paypal or credit card.

Thank you Dom for your recent $50 donation!