What’s up everyone, it is beginning to feel like Thanksgiving dinner is going to be more
of plant based foods rather than Turkey this year, as the fireworks haven’t stopped on
this top plant based penny stock, which we called out just early this week. As we said,
there was a pending explosion since we called Boosh on the channel here just last week at 97
cents, it seems like retail investors are liking the stock and possibly their products too. This
plant-based food industry is gaining heat and focus right now, and the investment bank UBS
predicts the plant-based food industry to skyrocket from $5 billion to $85 billion
in less than 10 years! So penny stocks like Boosh have a long way to go and cannot be ignored.
And what’s most exciting about this penny stock outside their sector dynamics
is that it is so undervalued. It has gone from 50cents at IPO is August
to current price levels and is still significantly undervalued.
So this gem has a long long way to go. So if you stay with me to till the end I share with you
why their CEO thinks they are undervalued and the potential price target for this top penny
stock. And also please destroy that like button and turn it blue, as it helps lots with the
YouTube algorithm and turn on the notification bell to get these top penny stocks instantly.
I’m personally very bullish about this sector that I haven’t stopped talking about it in
my private discord, so much that a portion of portfolio looks like a plant based foods etfs.
So if you want to get ahead on some of these top plays instantly and take your investing to another
level with a variety of investment products from stocks, options, cryptos and more with some
massive returns, you should certainly consider joining the Corns Investing discord below...
So if this is of interest, please check it out from the link in the top comment
or description below as you have a 3 day free trial period to see for yourselves,
and let me know your thoughts. I would really appreciate it. Thank you so much.
So with that said, let’s get straight into it and talk Boosh Plant Based
Brands Inc valuations (OTC:VGGIF & CNSX:VEGI). At the time of recording it was sitting at $1.29
with market cap of just under $20m and being only about 6 weeks old in the market.
So very very early days as it is just beginning to gain retail investor attention.
But before we go any further, lets hear from their CEO once again on what products
there are offering which is getting investors excited and why he feels they are undervalued.
Very interesting, as I feel there is a genuine opportunity with this penny stock. lf we look
at the sector peer group which the company has used here which include both Canadian and US
listed firms such as The Very Good Food Cuisine, Sol Cuisine, Beyond Meat we can very quickly
begin to spot signs of opportunities. Infact we would not even look at the US listed companies
as their valuations are astronomical and they already have a track record of revenue generation.
And so narrowing down to the Canadian listed peers, we can see that that lowest peer valuation
is Sol Cuisine is $70m at that snap shot in time which is a significant upside of at least 4X.
But if we narrow down our focus even further and take a look at like for like sector peers
adding the likes of Komo Plant Based Foods with a share price 24cents per share and a market
cap of $21m and PlantX Life which has a share price of 39cents and a market cap of $47.9m.
Boosh has a similar market cap with Komof but is more than half the size of PlantX.
When you look at the performance over the last day, on a day when all the market were
down and there was blood in the streets, the two peers were down but Boosh was up.
That for me is very positive for this stock and speaks of investor conviction and whilst its only
one data point, the performance over the last 5 days and month since Boosh got listed tells an
equally good story about the upside potential of this top penny stock. So whilst it may seem as if
it is lagging its sector peers which have been listed in the public markets for over 18months
and some are in recovery mode, Boosh is showing some very positive signs backed by their growth
plans which makes me feel they could very easily double their share price from the current levels
in the not so distant future. So a very strong outlook for this penny stock.
And here’s why I also think they are poised for growth which gives them
significant competitive advantage. They recently signed an agreement with Vejii
Holdings Ltd. to commence home delivery services throughout Canada and the US in September, 2021-
just this month goned. And Vejii will fulfill Boosh’s e-commerce and third-party orders
through their strategically located fulfilment centers throughout North America.
Besides that they have some strong credentials including Award Winning Products,
presence in over 300 stores including Whole Foods, strategic branding supply alliance with Beyond
Meat amongst others. An the Beyond Meat alliance is particularly exciting because it has commercial
synergy benefits, which would significantly expand the brand awareness for both companies.
And from a share capital structure, approximately 28% of their shares are owned by insiders with
about 16 million shares outstanding and over 1,000 investors participated in IPO.
So when you see the growing consumers interested in plant-based products due to a renewed focus
on health and sustainability, with more than half of U.S. households purchasing
strictly plant-based foods, it is hard not to see why this sector is one not to be missed.
The plant-based meat category has been on an upward trajectory reaching $1.4 billion in 2020,
growing 45% compared to 2019. So a genuine market opportunity here driven by consumer demand.
So some very very interesting and mindblowing prospects ahead for this penny stock
but only consider getting in if the price is right for you and if you fully understand the risks.
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 top penny stock in
the comments section below and what other penny stocks are catching your eyes lately.
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Thank you so much for being here and I look forward to have you in my next video. Thank you