Beyond Meat Sizzles 🍔
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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