What’s up everyone, so in this video I’m going to be sharing with you one small cap
penny stock, which has a bright outlook, enhanced by inflationary pressures.
Some of the world’s biggest consumer goods makers are pushing up prices for branded goods,
from nappies to veggie burgers, testing their ability to pass on higher input costs to households.
And more specifically, veggie burgers in the plant based category where the sales of the
sector have surged in the United States, as restaurants are increasing offerings of meat
substitutes in burgers, tacos and pizzas.
And this is expected to ramp up even more as the economies re-open.
The plant based food sector is seeing lots of interest and saw Billionaire investor Jeff
Bezos invest in Chilean plant-based food start-up as it planned its expansion into the United
States.
So in today’s video, I share with you one solid penny stock which has exciting plans
to disrupt the potential $85Bn plant based foods sector.
So make sure you watch till the end so you don’t miss out on what the CEO had to say
about their vision and expansion plans.
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So let’s get straight into it and talk Komo Plant Based Foods Inc formerly Fasttask Technologies
Inc (OTC: KOMOF & CSE:YUM); its share price is now sitting at 6cents and a market cap
of $5m.
So a very small cap penny stock which comes with it huge risks and opportunities.
Over the last month, this penny stock is down 40% and also down 33.6% YTD.
And looking at this performance in isolation, you may be wondering where the upside is going
to come from but when you add some peer group competitors, like the Very Good Food Company
Inc penny stock with a $293m market cap and Beyond Meat with a market cap of $7.8bn, you
very quickly begin to see that it was a sector downturn especially as most regions have been
in lockdown.
On the flip side this also begins to show the size of the opportunity with Komo, which
is exponential should they deliver to their plans effectively, as the economies open to
reach a price target of $1 per share.
Komo is OTC Pink Listed with an average of 6.6k shares traded over a 30day period and
over 85.4mn shares outstanding.
Komo Plant Based Foods Inc. is a premium plant-based food company that develops, manufactures,
markets and sells a variety of plant-based frozen meals that are always hearty, satisfying,
and made with wholesome ingredients as they believe plant-based eating is the future.
Their experienced plant-based innovation and development team has recreated vegan versions
of traditionally cheesy and meaty classics, which are familiar comfort foods, and 100%
plant-based.
Komo's products are sold direct-to-consumer through their eCommerce website and a distribution
network of online and brick and mortar grocery, convenience and natural retailer channels.
They began trading on the CSE:YUM on June 8, 2021.
But before we go any further, let’s hear from their CEO Jeffery Ma, on their vision
and expansion plans.
So
really exciting stuff.
The
plant based food market in the US is estimated at $7bn and over the last few years it has
been growing at an exponential rate.
According to the Good Food Institute, they see the plant-based sector growing at an astonishing
CAGR of 27% over the next 5 years.
The Good Food Institute further claims that as of today, approximately 57% of North American
households have purchased plant-based foods, while roughly 78% of households have repeat
orders.
With the world focused on ESG, nutrition, and health, UBS also forecasts the plant-based
foods sector to soar from about $5 billion to $85 billion by 2030.
Bloomberg also projects that plant-based meat could make up a quarter of the $1.8 trillion
meat market by 2040.
So a massive growth opportunity with this movement which has only a few established
competitors, at this stage.
Komo is zeroing in on three major consumer trends: The Plant-Based Revolution, The Emergence
of Frozen Food, and The Demand For Clean Labels.
And they are finding a niche by focusing on the underserved frozen/ready-to-eat comfort
food space.
Komo recently completed its move to a larger commercial kitchen in Vancouver, British Columbia,
increasing production capacity to 2,500 units per week.
The new location is a shared commissary kitchen that serves as Komo's R&D and production kitchen
for the creation and test launch of new products.
They also announced the launch of their direct-to-consumer recurring subscriptions service on their Shopify-enabled
platform, in addition to six new product bundles and a new two-serving size of its Plant-Based
Shepherd's Pie.
The Komo eCommerce platform now offers 11 bundles featuring different combinations of
7 SKUs.
In addition, Komo consumers can now order any combination of bundles and products for
recurring deliveries every two, four, six, or eight weeks.
They have also started distributing their products through Dean's Dairy and Specialty
Foods and have sent their first shipment of products to Dean's for distribution in British
Columbia.
Dean's Dairy & Specialty Foods distributes premium all-natural and organic products to
grocers, cafes, and eateries in Vancouver.
Dean personally selects each brand they represent to ensure clients can expect top quality,
consistency and freshness.
And Dean's delivers 6 days a week with refrigerated trucks that are meticulously maintained in
order to ensure the freshest delivery.
So really exciting plans here.
So really really exciting times and mind-blowing prospects ahead for this penny stock.
This video is not financial advice, a buy or a sell recommendation, but is meant to
bring some new and exciting penny stocks to your attention for you to do your own research..
As always I would love to hear from you, so please let me know your thoughts on this penny
stock in the comments section below and what other penny stocks are catching your eyes
lately.
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