Beyond Meat Sizzles 🍔

by | 16 May, 2019

Beyond Meat Sizzles

Beyond Meat surged a whopping 16% yesterday after announcing its latest partnership with Canadian coffee chain, Tim Hotrons. It seems like nothing can stop its sizzle!

Tim Horton’s has decided to jump on the vegan gravy train and link up with the budding IPO superstar to roll out 3 new sandwiches incorporating Beyond Meat’s plant-based sausages. Growing demand for vegan alternatives is spurring many big chains to add non-meat alternatives to their menus, and Beyond Meat is reaping the benefits. But they’re not alone.

Arch nemesis and main rival, Impossible Foods, is also gaining traction in the vegan market, having just signed a whopper of a deal with Burger King. The firm just completed a $300m capital raise to add to a funding pool now worth over $750m to fund its battle for market share with Beyond Meat. It’s on!

While Impossible Foods has yet to announce an upcoming IPO, analysts are confident that it won’t be far off now that Beyond Meat has tested the waters and found them to be nice and warm. Since listing on the 2nd of May, #bynd has been on a serious hot streak, rising 45%…And there may still be more sizzle and pop to come!

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ALL RIGHTS RESERVED © INVSTR LTD. 2018

Risk Disclosure:
Invstr is a technology platform, not a registered broker-dealer or investment adviser. Invstr does not offer its own recommendations of any security or provide its own research to any user regarding any security transaction or order.
Please note, investing involves risk and investments may lose value. Past performance does not guarantee future results.
Brokerage services are provided by the following:
US-traded securities, including fractional trading, are provided to Invstr users by DriveWealth LLC, a regulated member of FINRA/SIPC. DriveWealth may not establish investment accounts to residents of certain jurisdictions. For more information, including disclaimers, risk and transaction fees click here.

 

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