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New York, NY – January 18, 2022 – You really are what you eat according to a new study, which reveals how the severity of COVID-19 symptoms depends on your dietary intake. Early on in the pandemic, the CDC warned that obesity was a major risk factor for severe COVID-19 symptoms, which is now backed by scientific evidence. The study, which was conducted by the Universidad de Guadalajara, adults who regularly consumed more legumes, cereals, bread, and grains had less severe COVID-19 symptoms. This study demonstrates the importance of healthy dietary choices in managing infections, something that companies such as Plantable (NEO:PLBL) are passionate about. Others like Else Nutrition (TSXV:BABY) (OTCQX:BABYF), The Very Good Food Company (TSXV:VERY) (NASDAQ:VGFC), Restaurant Brands International Inc. (TSX:QSR) (NYSE:QSR), and Oatly (NASDAQ:OTLY) are working on healthier food alternatives.
Plantable Health Inc. (NEO:PLBL) is a clinically supported lifestyle change program that combines behavioral psychology, neuroscience and nutritional science to transform health and wellness. On December 31, the company successfully closed its IPO, generating gross proceeds of C$4.5 million at a price of C$0.40 per share. The company will direct the proceeds from the IPO into sales, marketing, clinical trials, working capital, and technology development.
In 2022, Plantable’s key priorities include expanding its direct-to-consumer business by strengthening e-commerce and establishing partnership B2B2C distribution channels once clinical trials have concluded. The company also plans to launch a CPG line of healthy plant-based staples including sauces, snacks, spices and condiments designed to facilitate the Plantable lifestyle.
“The IPO is a critical milestone enabling us to scale operations, and to support present and future clinical trials to clinically prove our effective solution for long-term behavior change. With plant-based nutrition, one-on-one coaching and a lifestyle platform at our core, our mission is to put an end to unnecessary chronic disease, bringing joy to people’s lives through optimal health and wellbeing,” said Plantable’s CEO Dr. Nadja Pinnavaia.
Plantable is working with a five member Board of Directors consisting of Nadja Pinnavaia as the Founder, CEO, and Director, David Kopp as the strategic media advisor, Dr. Jason Campagna as the Clinical advisor, Peter Hughes as the lead director, and Elisa Udaskin as the strategic CPG advisor.
This team of directors has expertise in areas of business, marketing, corporate partnerships, and clinical trials. Plantable will tap into its directors’ diverse expertise to support the company’s growth in the next phase of the company.
For more information about Plantable Health Inc. (NEO:PLBL), click here.
Plant-Based Companies Record Significant Milestones as Year Ends
Else Nutrition (TSXV:BABY) (OTCQX:BABYF) received the World Plant Based 2021 Award after its Plant-Based Complete Nutrition for Toddlers ranked as the Best Dairy Product Alternative. The product has received overwhelming support and positive testimonials from mothers. In addition, the product was previously ranked as the #1 Best Seller on Amazon in the Fall of 2022 and also won the Good Housekeeping Parenting Award for 2021. The company also realized strong growth in product sales, leading to the establishment of a dedicated U.S. office located at 501 W. Schrock Road, Westerville, Ohio.
The Very Good Food Company (TSXV:VERY) (NASDAQ:VGFC) reported record sales in Black Friday and Cyber Monday sales. Following its e-commerce commercials for Thanksgiving alternatives, the company received 5,795 orders in the US and Canada marking a 178% increase in orders for a similar period in 2020. More customers bought the limited edition Stuffed Beast and products from The Very Good Butcher more than they did in 2020. This is encouraging results for the company, as it works towards making plant-based foods more accessible.
Restaurant Brands International Inc. (TSX:QSR) (NYSE:QSR) completed the acquisition of Firehouse Restaurant Group Inc. for $10 billion. Thecla Sweeney is also joining the company’s Board of Directors as an independent member starting January 1, 2022. Ms. Sweeny will replace Carlos Sicupira who will retire on December 31, 2021. She brings to Restaurant Brands International a great wealth of knowledge in Canadian retail, logistics and distribution, government and regulation issues, and human resources and compensation.
Bjorn Oste, co-founder and Board member of Oatly (NASDAQ:OTLY) will be stepping down as a member of the Board of Directors of the company, effective December 31, 2021, prompting changes to Oatly’s Board of Directors. Bjorn, who served as a non-executive board member for five years, will be leaving the company to pursue other interests. With his departure, Oatly’s Board of Directors will consist of 12 members – 10 of whom are independent board members.
Today’s consumer is concerned about their health and well-being and is turning to plant-based solutions to improve their lifestyle, creating a significant opportunity for companies such as Plantable which are already delivering strong value to consumers.
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