👑 Can They Dethrone Beyond Meat?

Or is this just another fad stock caught offside [Image] Let me just say that I get why people like meatless alternatives. But the thought of a soy-based burger makes me gag. That doesn’t mean I’m unwilling to sell one… The global plant-based food market is predicted to expand by 3x, increasing from $11.3 billion in 2023 to $35.9 billion by 2033. The industry is currently dominated by Beyond Meat and Impossible Foods. However, there’s plenty of room for new players to emerge. Enter Modern Plant Based Foods Inc. (OTC: MDRNF), a company that’s recently come to my attention. It’s had some significant spikes in the past, rallying by more than 500% earlier this year. But with shares now creeping near the lows, it’s getting some promotor love. Is it worth a buy? I investigate to find out. Modern Plant Based Foods Inc. (OTC: MDRNF) - 1-month trading range: $0.19 - $0.24 - Typical average daily volume: ~36,201 - Float: 66.8 million Modern Plant Based Foods Business Based out of Vancouver, British Columbia, the company offers a diverse portfolio of plant-based products. It claims to use ingredients free of soy, gluten, nuts, and GMOs. Their distribution network serves Ontario, BC, Alberta, Quebec, and 27 states in the US. The company’s brands include Modern Meat, KitsKitchen, Modern Wellness Bar, and Snacks From The Sun. It's been about 10 to 11 months since it issued a press release on its website. But last May, it announced its Snacks From the Sun brand expanded into Urban Fare grocery stores in Canada. Also, last May, it announced its Kitskitchen brand was developing a new production facility to increase capacity by 2000%. However, they never followed up on whether or not they went through with it. Financials The company’s net income growth in 2022 was -87.50%, and its revenue growth declined by 27.2%. It managed to make $1.65 million in gross revenue in 2022. However, the company is bleeding capital. Its gross margin of -443.2% is horrific. While its operating margin of -694.6% is a prime example of how incompetent management is. You can slap lipstick on a pig, but it’s still a pork princess. [WzQdQ5zpdEUBh8SWWPTBTi74X6OYIurkMA7W7e7Kw2FY8JTgIjFQgrgcLg9BLAwDq_0rYEeXnZQRVVebSKq05DmpY_8F2Pt8D7jPd39NMVdSFAE1e9P_kWy5VxNTPZuD2pf3ToAY6oQZEBrI8WYWvW0] Source: WSJ The company sets about half a million dollars on fire every year, which is a big problem considering they only have about $200,000 in cash. So, it’s not much of a surprise to see the common shares outstanding go from 28.9 million to 33.3 to 49.7 and finally 58.3 million each year from 2020 until now. Promoter Activity As far as I know, the promoter activity comes from just one source via email. It’s not very original. Naturally, they want to paint the company as an undervalued gem, competing with the likes of Beyond Meat and Impossible Foods. However, they do a good job of tickling the reader's greed glands. They mention that the stock rallied earlier this year by over 500%. And that it’s trading significantly below its 52-week highs. The latest catalyst they refer to is a vague press release that Modern Plant Based Foods actively seeks to acquire luxury brands in the vegan food space. That comes after the acquisition of Northern Pacific Kaviar was announced on March 6 There was also the February 15 board appointment of Aryan Beytoie, who apparently just graduated from the University of British Columbia in 2014, which would imply a pretty young board appointment. Otherwise, the news has been minimal. Over the last week, I’ve received several emails from the same promoter trying to raise excitement and awareness about the stock. They received $50,000 for their marketing services. The length of the campaign was not disclosed. Straight to the Facts The plant-based food sector has been in a slump in 2023. The most notable player, Beyond Meat, is trading at less than $16 per share, a far cry from its 52-week highs of $52.73. For me to get excited about MDRNF, I would like to see significantly more trading volume in the stock. They would need a real catalyst and not just some fluff piece. But I could see it as a sympathy play if some positive news comes from Beyond Meat or if one of the major food chains like McDonald’s adopts more plant-based items to its menu. Always at your service, Baron Von Stocks TEXT "AWARE" TO 888-302-2141 Disclaimer: Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions and is for entertainment purposes only. At most, this communication should serve only as a starting point to do your own research and consult with a licensed professional regarding the companies profiled and discussed. Conduct your own research. This newsletter is not a recommendation nor an offer to buy or sell securities. This newsletter is owned by Red Oak Media Group LLC. Any wording found in this e-mail or disclaimer referencing to “I” or “we” or “our” or “AS” refers to Red Oak Media Group LLC. Our business model is to be financially compensated to market and promote small public companies. By reading our newsletter and our website you agree to the terms of our disclaimer, which are subject to change at any time. We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature and are therefore unqualified to give investment recommendations. Companies with low prices per share are speculative and carry a high degree of risk, so only invest what you can afford to lose. By using our service, you agree not to hold our site, its editor’s, owners, or staff liable for any damages, financial or otherwise, that may occur due to any action you may take based on the information contained within our newsletters or on our website. We do not advise any reader to take any specific action. Losses can be larger than expected if the company experiences any problems with liquidity or wide spreads. Our website and newsletter are for entertainment purposes only. Never invest purely based on our alerts. Gains mentioned in our newsletter and on our website may be based on end-of-day or intraday data. This publication and its owners and affiliates may hold positions in the securities mentioned in our alerts, which we may sell at any time without notice to our subscribers, which may have a negative impact on share prices. Red Oak Media Group, 7940 Ann Arbor St Dexter MI USA 48130 To update contact information or unsubscribe from this list, please [click here](