Sol Cuisine Ltd. (TSXV: VEG) announced today that it will begin trading on the TSX-V on May 26, 2021 under the ticker symbol “VEG”. The company operates within the plant-based product niche within both Canada and the United States.
The company is set to debut on the market following the completion of its qualifying transaction, which saw it raise a total of $15 million via two separate financings. Operationally, the company generated $17.1 million in net revenue for 2020. The company has reportedly focused on investing in infrastructure and building their senior management staff team.
Sole Cuisine currently offers over 30 SKU’s within the plant based market, with products primarily focused on the categories of burgers, appetizers, and entrees. The company has an established distribution footprint with products available in upwards of 11,000 retail stores spanning the continental United States and Canada, and has in excess of 41,000 unique points of distribution, with distribution including retailers such as Loblaws, Sobeys, Costco Wholesale, Kroger and more..
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Sol Cuisine is set to commence trading as of the opening bell on May 26.
Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
