Plant&Co’s YamChops Subsidiary Sees Explosive Growth In 2020

Plant&Co Brands (CSE: VEGN) this morning provided an update to the success seen by its recent acquisition of YamChops, the firms vegan-butcher with over 20 proprietary plant-based meats. The company has seen significant growth over the course of 2020 when compared to the sales volume experienced in 2019.

The company this morning reported explosive growth of its online sales channels of 689% when comparing the second half of 2020 to that of 2019. The significant increase is a result of local marketing efforts, as well as the increasing popularity of plant-based foods.

Going forward, the company intends to build on this success by leveraging the success seen in both its business to business and business to consumer channels. To do so, the firm will use its existing distribution networks and relationships for large and bulk ordering of plant-based products across Canada to rapidly grow the distribution of the YamChops products. Such distributors that the company will lean on include Grande Cheese, United National Foods, Whole Foods, Save On Foods, and more.

“While YamChops had a great year in 2020 across its wide selection of plant-based foods, we wanted to highlight the online sales from our website as research shows that both plant-based food and online shopping are two of the fastest growing segments in the food industry.”

Shawn Moniz, CEO of Plant&Co

Plant&Co last traded at $0.62 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.

Video Articles

2026 Could Be Gold’s Biggest Year Yet!? | Ryan King – Equinox Gold

Gold Is Screaming Higher While Currencies Burn | Simon Ridgway – Rackla Metals

We Have the Highest-Grade Antimony Deposit in North America!? | Jim Atkinson -Antimony Resources

Recommended

Canadian Copper Secures $8 Million Lead Order From Ocean Partners As Part Of Larger Funding Round

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Related News

Plant & Co Expands Distribution Of Holy Crap Cereal

Plant & Co Brands (CSE: VEGN) has expanded its distribution of products through internal means....

Thursday, March 11, 2021, 07:30:04 AM

Else Nutrition Secures Distribution With 360 Sprouts Farmers Market Locations

Else Nutrition (CSE: BABY) has secured additional shelf placement for its plant-based baby nutrition product....

Wednesday, December 23, 2020, 08:16:47 AM

Very Good Food Company Signs $70 Million Secured Credit Facility Term Sheet

The Very Good Food Company (CSE: VERY) is evidently in need of capital. The company...

Tuesday, March 9, 2021, 08:07:47 AM

Neptune Wellness Enters Plant-Based Food Sector With Controlling Interest Acquisition Of Sprout Foods

Neptune Wellness (TSX: NEPT) (NASDAQ: NEPT) appears to be pivoting its business model yet again....

Wednesday, February 10, 2021, 07:35:39 AM

Plant&Co To Launch Franchises For YamChops Brands To Fuel Expansion

Plant & Co Brands (CSE: VEGN) is looking to aggressively expand its reach and distribution...

Tuesday, March 2, 2021, 08:08:10 AM