Major Food Companies Want In on the Plant-Based Boom

The plant-based food revolution is only growing stronger.

To date, Tyson, Smithfield, Perdue, Hormel, and Nestle have jumped on the plant-based bandwagon. Even fast food chains like McDonald’s introduced a McPlant meatless burger.

Jimmy Dean added plant-based patties, including the Jimmy Dean Plant-Based Patty, Egg & Cheese Croissant Sandwich and Jimmy Dean Delights Plant-Based Patty & Frittata Sandwich. All as more Americans choose “breakfast time to incorporate plant-based options versus other meals,” noted a recent Jimmy Dean press release.

Late last year, Unilever set an annual global sales target of $1.2 billion from plant-based meat and dairy over the next few years. Ikea even announced that half of the meals served at its restaurant would be plant-based, along with about 80% of its packaged food offerings.

In addition, nearly 23% of American consumers have consumed plant-based meats, according to a new report from Packaged Fact, as highlighted by Veg News. In addition, according to another survey released by OnePoll, “nearly half of Americans (47 percent) began eating more plant-based foods during the pandemic with 43 percent eating less meat, 25 percent either reducing or cutting out dairy from their diets, and 23 percent reducing or eliminating eggs.”

“We see several trends in plant-based food and beverage driving people to enter and explore the category,” says Domenic Borrelli, who oversees plant-based products for yogurt maker Danone, which in 2018 pledged to triple its worldwide plant-based sales to around $6 billion by 2025, as reported by Vox. “Some are following the latest wellness trends, incorporating plant-based alternatives into their diets as a step toward their personal health. … Some choose plant-based for dietary reasons, such as lactose intolerance. Consumers also opt for dairy alternatives to be mindful of our planet.”

It’s Been a Positive Catalyst for Plant & Co. Brands Ltd. (CSE: VEGN)(FSE:VGP)(OTCPK: VGANF).

The trend has been a positive catalyst for companies such as Plant & Co. Brands Ltd., which just announced it has acquired various Canadian corporations doing business as YamChopsTM ~ Grown not raised ~, which specializes in the preparation, distribution, and retail sales of over 17 proprietary plant-based meats, chicken, pork, fish, and various other vegan style food products in both a B2B and B2C revenue model.

As once featured on TVs famous Dragons Den, and named NOW Magazine Reader's Choice Award for "Best Butcher & Best Deli" in Toronto! YamChops is considered one of North America’s first and Canada’s only plant-based butcher shop. For over 12 successful years, it has specialized in the development, preparation, and distribution of plant-based meats and other vegan style food products. YamChops has a retail location in the heart of Toronto’s food district. They enjoy popular demand on four of the most popular food delivery platforms: Uber Eats, Skip the Dishes, Corner shop and Ritual One.

“The acquisition of YamChops was part of the company’s M&A strategy to instantly arrive at the point of in-market sales of a known, trusted and established brand. This acquisition is truly transformational in adding to our growing portfolio of plant-based products and companies,” said Shawn Moniz, CEO of Plant&Co. Brands. “With over a decade of product development, preparation, trademarks and distribution experience in the emerging plant-base food market, YamChops is known for its high-quality foods that taste great and customer service that is second to none and puts Plant&Co. in a leading position in the plant-base sector. Creating delicious plant-based foods that compete with meat is an art form which the YamChops’ team has perfected. We have a great opportunity to leverage the recent growth in popularity of these healthy meat and dairy product alternatives and expand our newly acquired business across North America and beyond.”

Plant&Co’s strategy is to utilize the existing distribution networks and B2B relationships for large and bulk ordering of product it already has with Nation-wide distributors such as Grande Cheese, United Natural Foods Inc (UNFI), Whole Foods, London Drugs, Organic Garage, Nature’s Emporium, Choices Markets, The Big Carrot, Natural Foods Ambrosia, and Natures Fare Markets to rapidly grow and expand the 17 proprietary plant-based products of YamChops to new and emerging marketing not only in Canada but to the explosive US markets.

YamChops currently has B2B distribution to Sobey’s London, Pusateri's, and Nature’s Emporium. Working together with the Holy Crap management team, our new YamChops team, and our advisory board members the company plans to leverage the physical and digital footprints of each company’s existing customer following (numbering in the tens of thousands of customers unique to each brand) to cross-pollinate and amplify sales by marketing a consolidated umbrella of products through targeted sales channels and establishing footholds in emerging North American markets. Creating an amplification model for growth within Plant&Co’s family of brands and products.

The YamChops plant-based butcher shop is set up like any neighbourhood butcher shop. Customers will find a butcher counter with a glass case full of vegetarian and vegan delicacies on display. These delicious food products have been perfected over the years and include YamChops’ very own plant-based:

- Beef, chicken and lamb burgers,

- Sausages, ribs and bacon, and

- Vegetarian spin-offs of “chicken teriyaki” and “tuna salad” made from chickpeas.

YamChops also offers customers foods beyond the plant-based butcher block such as condiments to complement its main attractions. Chutneys, pickled vegetables and sauces like Mongolian beef sauce are available at their shops. YamChops also offers a line of juices called “Au Jus”.

Other related developments from around the markets include: Inc. (NASDAQ:AMZN) announced its first-ever purchase of eleven Boeing 767-300 aircraft, expanding its fleet to continue to serve customers. The purchases include seven aircraft from Delta and four aircraft from WestJet, which will join the network by 2022. AmazonAir’s fleet expansion comes at a time when customers are relying on fast, free shipping more than ever. “Our goal is to continue delivering for customers across the U.S. in the way that they expect from Amazon, and purchasing our own aircraft is a natural next step toward that goal,” said Sarah Rhoads, Vice President of Amazon Global Air. “Having a mix of both leased and owned aircraft in our growing fleet allows us to better manage our operations, which in turn helps us to keep pace in meeting our customer promises.”

Guru Organic Energy Corp. (TSX:GURU), Canada’s leading organic energy drink brand, will report its financial results for the fourth quarter and fiscal year ended October 31, 2020, on Thursday, January 21, 2021, before markets open. Management will hold a conference call to discuss its financial results the same day at 10:00 a.m. ET. The conference call will include a Q&A period open exclusively to financial analysts who are invited to participate by using the dial-in number provided below. Other interested parties are invited to participate in the call on a listen-only basis and are encouraged to do so via live audio webcast, which will be available on GURU's website.

Very Good Food Company Inc. (CSE:VERY)(OTC:VRYYF) is pleased to announce that it has signed a non-binding letter of intent for the acquisition of all the shares of The Cultured Nut Inc., a popular plant-based cheese company located in Victoria, British Columbia, with current distribution in several online and grocery retailers including and select Whole Foods stores. The Cultured Nut is a rapidly growing and highly successful artisan vegan cheese manufacturer on the West Coast of Canada with a well established line-up of innovative products consisting of block style cheeses, cream cheese and plant-based butter, which are tree nut based and both soy and gluten free. VERY has been selling The Cultured Nut's artisan vegan cheese products in its eCommerce and retail stores since September 2017 with overwhelmingly positive results and feedback.

Burcon NutraScience Corp. (TSX:BU)(OTC:BUROF), a global leader in developing functionally and nutritionally valuable plant-proteins, reported results for the year ended March 31, 2020. “Fiscal 2020 was truly a transformational year for Burcon,” said Johann F. Tergesen, Burcon’s president and chief executive officer, adding, “Coming out of the year, we have a strong balance sheet, we established the Merit Functional Foods joint venture and we partnered with Nestlé, the largest food and beverage company in the world.  Through the Merit Foods joint venture, we are well advanced in building a state-of-the-art production facility to produce our unique pea and canola proteins as well as our new protein blends.  The production facility, which is on track to be completed in Q4 2020, will be the only commercial facility in the world with the capability to produce non-GMO food grade canola proteins.”

Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for Plant & Co. Ltd. by a third party. We own ZERO shares of Plant & Co. Ltd. Please click here for full disclaimer.

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