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    MEAT   CA6076771014

MODERN PLANT BASED FOODS INC.

(MEAT)
Delayed CANADIAN NATIONAL STOCK EXCHANGE  -  05/27 03:46:04 pm EDT
0.5400 CAD   -1.82%
05/17Modern meat enters into a year-long supply agreement with national casual fine dining conglomerate
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05/17Modern Plant Based Foods Inc. Enters into Year-Long Supply Agreement with Northland Properties
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05/11Snacks from the sun partners with unfi, north america's largest distributor
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Modern Plant Based Foods Inc. Increases Capacity for Kits Kitchen Soups in Preparation for Nationwide Growth

12/31/2021 | 12:23pm EDT

Modern Plant-Based Foods Inc. announced that has moved manufacturing facility of its popular KitsKitchen soups to meet current and upcoming demand. The Company over the last period has been unable to fulfill a significant amount of orders due to capacity issues with its manufacturing. Despite the bottleneck current revenue growth at KitsKitchen from '21 to '22 was 43%, and volume growth in 2021 was 76,400 Liters to 107,770 Liters a significant improvement but still much under potential due to manufacturing capacities. With additional product, KitsKitchen will significantly expand its line to the eastern provinces of Canada and be able to increase its presence in some if its larger retailers like Costco.


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All news about MODERN PLANT BASED FOODS INC.
05/17Modern meat enters into a year-long supply agreement with national casual fine dining c..
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05/17Modern Plant Based Foods Inc. Enters into Year-Long Supply Agreement with Northland Pro..
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05/11Snacks from the sun partners with unfi, north america's largest distributor
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05/06Snacks from the sun expands into western canada's gourmet supermarket chain
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05/03Modern Plant Based Foods Says Its Portfolio Co Has Secured a New Production Facility
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05/03Kitskitchen new production facility significantly increases capacity by 2000%, in prepa..
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05/03Kitskitchen New Production Facility Significantly Increases Capacity by 2000%, in Prepa..
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04/29Modern Plant Based Foods Inc. Reports Earnings Results for the Second Quarter and Six M..
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04/28Modern Plant Based Foods' Popped Chips Expands into an Additional 130 Retail Stores Acr..
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Financials
Sales 2021 2,27 M 1,78 M 1,78 M
Net income 2021 -6,18 M -4,85 M -4,85 M
Net cash 2021 0,12 M 0,09 M 0,09 M
P/E ratio 2021 -11,2x
Yield 2021 -
Capitalization 25,7 M 20,2 M 20,2 M
EV / Sales 2020 1 434x
EV / Sales 2021 33,8x
Nbr of Employees -
Free-Float 92,9%
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Managers and Directors
Avtar S. Dhaliwal Chief Executive Officer
Yu Ying Liang Chief Financial Officer & Director
Anastasia Bogomolova Director-Operations
Cassidy McCord Independent Director
Mohsen Rahimi Independent Director