Plant & Co Brands (CSE: VEGN) this morning announced that it is currently in the process of finalizing plans to open a second Canadian location for its YamChops banner. Slated to open in Montreal, Quebec, the retail location is set to offer the same popular plant-based meats, chicken, pork, fish and other vegan products that the company has become known for.
This new location is said to be the first of many as the firm works towards an aggressive expansion into Quebec, the rest of Canada, as well as throughout that of North America. Locations are to be small, efficient butcher shops that allow for simple remodeling, lower costs, efficient operations, and rapid expansion.
Future locations are to continue to target popular and affluent regions in major centres, where there is strong demand for plant-based food experiences. Inclusion on five of the most popular delivery platforms, including Uber Eats, Door Dash, and Skip The Dishes, is also slated to be a part of the expansion strategy
“Our compact YamChop retail location design affords us the ability to expand into great locations at a fraction of the cost of other food outlets, fully supported by our robust e-commerce, which provides an easy and intuitive method of ordering online. We are executing a simple, but effective business model to grow our reach into the plant-based food markets of North America.”
Shawn Moniz, CEO of Plant & Co Brands
Plant & Co Brands last traded at $0.51 on the CSE.
FULL DISCLOSURE: Plant & Co is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover Plant & Co on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.
