There’s substantial demand for cold-pressed juices. So much so that Persistence Market Research estimates the market could be worth $845 million by 2024. “By the end of 2024, North America’s cold-pressed juice market is anticipated to be valued over US$ 311 million,” they added. That could be big news for companies, such as Better Plant Sciences Inc. (CSE:PLNT)(OTC:VEGGF), Amazon.com Inc. (NASDAQ:AMZN), Coca-Cola Co. (NYSE:KO), Hain Celestial Group Inc. (NASDAQ:HAIN), and PepsiCo Inc. (NASDAQ:PEP).
It’s also great news for health conscious investors, too. All as millions wake up to the health benefits. For example, according to The Sanctum Coffee & Juice Bar, “Because no heat or oxygen is used in the cold-pressing process, nutrients do not get lost as they typically would during pasteurization. Vitamins and enzymes can be lost or destroyed by commercial juicing, while cold pressing gets the most liquid and nutrients out of the produce as possible.”
Look at Better Plant Sciences (CSE:PLNT)(OTC:VEGGF) for example
Better Plant Sciences just announced it has engaged Sezzle, a fintech company that enables “buy now, pay later” payments, for its jusubar.com eCommerce platform. Sezzle enables customers to amortize their purchase to their credit card over four interest-free payments with no credit checks. The payment solution is gaining major traction as it provides a sense of affordability, giving customers an incentive to purchase larger ticket items with four smaller payments over a six-week timeline.
“We are pleased to be adopting this progressive payment solution for our Jusu Bar customers,” says Penny White, CEO of Better Plant. “We understand that modern consumers prefer more flexible and innovative payment solutions. Our goal is to deliver an incredible experience through all touchpoints of the consumer journey.”
As of 2020, Sezzle is the highest-rated Buy Now, Pay Later platform, and has amassed nearly 2 million active customers with more than 16,000 retail partners.
According to CGK National Research Study from April 2020, 69% of millennials say they would try shopping at a new store if it offered installment payment plans.
“Jusu Bar is an ideal brand for us to complete a trial run of Sezzle’s platform. The juice cleanses are a bigger ticket item, and splitting payments into four interest-free installments may encourage more first time consumers to try the product,” added White. “Plus, because Sezzle does not impact the customer’s credit, and the company still gets paid in full. It is a win-win situation.”
Sezzle announced on March 29, 2021 that it was certified as a B Corp. Companies that are B Corp certified have met specific standards relating to how the company’s profits and resources are used to support a public benefit. B Corps are for-profit companies but take into account the needs of broader constituents of stakeholders including community, employees, and society as a whole. B Corp Certification involves measuring a company’s entire social and environmental performance by evaluating how its operations and business model impact the workers, community, environment, and customers.
Other related developments from around the markets include:
Amazon.com Inc. announced financial results for its first quarter ended March 31, 2021. Net sales increased 44% to $108.5 billion in the first quarter, compared with $75.5 billion in first quarter 2020. Excluding the $2.1 billion favorable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales increased 41% compared with first quarter 2020. Operating income increased to $8.9 billion in the first quarter, compared with operating income of $4.0 billion in first quarter 2020. Net income increased to $8.1 billion in the first quarter, or $15.79 per diluted share, compared with net income of $2.5 billion, or $5.01 per diluted share, in first quarter 2020.
Coca-Cola Co. announced that Saadia Madsbjerg will be named Vice President of Global Community Affairs for The Coca-Cola Company and President of The Coca-Cola Foundation. Madsbjerg is expected to join the company June 1. She will manage operations of the Foundation, which includes grant making, financial requirements and regulatory compliance for domestic and international philanthropy.
Hain Celestial Group Inc., 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™, will conduct a conference call to discuss its Third Quarter Fiscal Year 2021 financial results on Thursday, May 6, 2021 at 8:30 AM Eastern Time. The call will feature remarks by Hain Celestial's management team.
PepsiCo Inc. reported results for the first quarter 2021. “We are pleased with our results for the first quarter as we successfully overcame challenges related to difficult year-over-year comparisons, uneven recoveries across many of our international markets and weather-related business disruptions in the U.S.,” said Chairman and CEO Ramon Laguarta.
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