Options for investing in vegan stock just got bigger. Eat Beyond Global Holdings Inc., an investment issuer that works in the plant-based food sector, began trading on the Canadian Securities Exchange under the symbol “EATS.”
Founded in September 2019, Eat Beyond went public on November 17, 2020.
Eat Beyond is the first Canadian investment issuer to specialize in identifying and acquiring equity in global companies that are developing and commercializing innovative products in the plant-based and food tech sector. According to the company, this includes “plant-based proteins, fermented proteins, cultured proteins/agriculture, food tech, and consumer packaged goods as well as cell agriculture and other experimental projects.”
“We created Eat Beyond to make it easy to invest in the future of food, and provide retail investors with access to the very best companies in the sector,” Patrick Morris, the company’s CEO, said in a press release.
Vegan Stock: Plant-Based Companies IPO
Former Mars CEO Don Robinson, Eat Beyond’s Chairman of the Board, says the company was founded in line with the growing demand for plant-based products.
“We are at a key turning point in human history and more of us are becoming aware of the impact that our food choices are having on our health and on the environment. Something needs to change, and that change is underway,” he told LIVEKINDLY.
Eat Beyond hopes to further innovation in the plant-based food sector by supporting like-minded companies.
“We work very closely with the companies that we invest in to provide support and help drive their growth. And we have the expertise and connections worldwide to help accelerate this growth,” he continued. “By listing on a public exchange, we make it easy for retail investors to participate in this thriving market, and provide a diverse and global portfolio.”
The company’s portfolio currently features a number of plant-based businesses. These include The Very Good Food Co., Nabati Foods, Eat Just Inc., and TurtleTree Pte. Ltd.
Eat Beyond joins a growing list of plant-based companies that have gone public.
In 2019, the California-based food tech company Beyond Meat (BYND) became the first vegan company to IPO. Its shares nearly tripled on the first day of trading, signaling high interest in the next generation of plant-based meats.
“The space has seen enormous interest from the market for brands such as Beyond Meat, but that was really just the tip of the iceberg. The diverse range of innovation taking place in this sector is staggering,” said Morris.
Over the summer, plant-based food company Ittella International went public. In September, Laird Superfood—a plant-based creamer company co-founded by famed surfer Laird Hamilton—went public. And in early November, Natural Order Acquisition Corp., a blank check company that specializes in vegan food products, became the most recent plant-based company to IPO.