Plant & Co Brands (CSE: VEGN) is looking to aggressively expand its reach and distribution across North America. The company this morning announced that it will begin franchising its YamChops vegan butcher stores.
In launching its franchising division for the YamChops brand, the company is looking to become one of the largest plant-based franchises in North America. Retail locations will provide consumers with over 20 plant-based meats, including chicken, pork, and fish among other vegan food products.
As part of the YamChops acquisition completed last month, the company acquired a franchise program that offers turnkey franchises for the brand. Including within the franchise package is architectural and construction renderings for the retail stores, systems manuals and training programs, proprietary food products and recipes, and the firms strategic retail sales strategy.
“We strongly believe a YamChops franchise system that is operated by an experienced entrepreneur or restaurant operator is poised for growth and market leadership due to our first-mover advantage in the emerging plant-based protein or vegan butcher markets. We have engaged top legal counsel and brought in top consultants with franchise expertise to support our effort of becoming one of the largest plant-based franchises in North America.”Shawn Moniz, CEO of Plant & Co
The firm is reportedly in discussions with several interested parties looking to open the first such franchises.
Plant & Co last traded at $0.52 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.
As the founder of The Deep Dive, Jay is focused on all aspects of the firm. This includes operations, as well as acting as the primary writer for The Deep Dive’s stock analysis. In addition to The Deep Dive, Jay performs freelance writing for a number of firms and has been published on Stockhouse.com and CannaInvestor Magazine among others.