Planting Hope Company, a manufacturer of plant-based food and drinks, has announced plans to publicly list on Canada’s TSX Venture Exchange (TSX VE) on the 29th November.
Described as a women-managed and woman-led company with a focus on nutrition, sustainability and diversity, Planting Hope Company claims to develop, launch and scale innovative plant-based and planet-friendly food and beverages. Its flagship brands are Hope and Sesame, described as the world’s first commercialized sesamemilk, the snack brand Mozaicz and hummus brand Veggicopia.
“We are disrupting the entire industry with our sesamemilk: all of the nutrition, none of the dairy and sustainable for the planet – we believe sesamemilk is the liquid gold of plant-based milks”, Planting Hope Company CEO and co-founder Julia Stamberger said. “We are proud to begin trading on the TSX-V and to be accessible to all investors aligned with our vision to become the world’s most nutritious and planet-friendly plant-based food and beverage company. This financing provides us with significant resources to scale, launch new and innovative products and disrupt the entire plant-based food industry”.
Hope and Sesame sesamemilk reportedly upcycles the by-product of sesame oil extraction, the most nutritious part of the seed. In creating the product, the company claims to have invested substantially over several years in research and development with top flavourists and beverage scientists.
Sesame requires comparatively little water and resources to cultivate, is drought resistant and naturally pest-resistant and bee-friendly, the company added.
“We are extremely proud to ring the opening bell of the TSX-V in celebration of our recent listing. Joining a Canadian exchange that is home to some of the most innovative and disruptive companies is fitting for Planting Hope”, Ms Stamberger added. “Leading with our flagship sesamemilk, we are at the forefront of the plant-milk market, offering a healthier and more sustainable option than almond and oat milk. We could not be more excited for the future”.
Subordinate voting shares have been listed on the Calgary-based TSX VE under the ticker symbol “MYLK”. The completion of the IPO reportedly values the company at around C$30 million ($24 million).
Source: Planting Hope Company / BevNET