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Be the first with the news that moves the market- Plant-based investment issuer Eat Beyond (EATS) has debuted on the Canadian Securities Exchange amid continuing interest in the emerging ethical food market
- Originally launched in February as a private company, the “future of food” investment fund has listed on the CSE to access a new market of retail investors
- In an interview earlier this year, Patrick said that Eat Beyond intends to invest in around 20 companies before the end of the year
- Notable among Eat Beyond’s current portfolio is Canadian investor favourite The Very Good Food Company, which is already up more than 450 per cent since its own IPO on the CSE, back in June
- On its first day of trading, Eat Beyond Global Holdings has opened at C$0.77 per share
Plant-based investment issuer Eat Beyond (EATS) has debuted on the Canadian Securities Exchange amid rising interest in the emerging ethical food market.
Originally launched in February as a private company, the “future of food” investment fund has listed on the CSE to access a new market of retail investors.
Patrick Morris, CEO of Eat Beyond said his team created Eat Beyond to make it easy to invest in the future of food and provide retail investors with access to the best companies in the sector.
Investors were first drawn to plant-base stocks last year, when U.S. based Beyond Meat stages an impressive post-IPO rally on the Nasdaq to now be valued at more than US$125 (approximately C$166.6) a pop.
“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,” Patrick added.
In an interview earlier this year, Patrick has said that Eat Beyond intends to invest in around 20 companies before the end of the year.
Notable among Eat Beyond’s portfolio is Canadian investor favourite The Very Good Food Company, which is already up more than 450 per cent since its own IPO on the CSE, back in June.
Eat Beyond also has plant-based stake in alternative milk developer TurtleTree and SingCell Tx, which is currently developing a scalable, lab-grown meat-manufacturing platform in Singapore.
Alongside the listing, the company has issued around 2.71 million incentive stock options to its team, which have an exercise price of 50 cents and a term of five years.
On its first day of trading, Eat Beyond Global Holdings has opened at C$0.77 per share.
