Since our last interview with Eat Beyond Global Holdings (CNSX: EATS) (OTCMKTS: EATBF) (FRA: 988), the stock price has seen some consolidation. Having commenced trading on Nov. 17, the shares shot out of the gate – up almost 400% at their highs. The initial capital market’s success was based on the next generation of stock investors (millennials and generation Z demographics) wanting to invest in companies that have a good business plan and are also good for health and the planet.
Despite the recent decline in price, EATS has continued to put out solid news releases pertaining to further investment growth within their current portfolio. Don’t forget, EATS operates somewhat like an investment fund – accumulating and managing a portfolio of disparate alternative food holdings that appreciate collectively over time in terms of their net asset values (NAV).
Most notably, EATS have added LeBron James’s longtime athletic trainer and recovery expert, Mike Mancias, as an advisor. Its portfolio company, Nabati Foods Inc., has its “Nabati Mozzarella Style Cheeze Shreds” included in COBS’ new plant-based Beyond Sausage® Arrabbiata Mini Pizza.
Watch the entire interview to learn the current NAV of EATS portfolio, whether the company is flushed with cash to continue making new and bigger investments, and what sector the company sees as the fastest growing within the alternative food space.