Plant Veda Foods Ltd.
MILK.CN
Canadian Securities Exchange0.04
CAD
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Plant Veda Foods Ltd.
MILK.CN
(Canadian Securities Exchange)
Recent
price
0.04
P/E
ratio
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div
yld
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ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.- Similar Companies
- Business
- Plant Veda Foods Ltd. manufactures and markets plant-based dairy alternative beverages and foods, specializing in low-processed, all-natural, nutritious, and allergy-free products made from blends of cashews, oats, coconut, pistachio, pea protein, and probiotics; core offerings include Probiotic Lassi drinkable yogurts in flavors such as mango, blueberry, strawberry, and turmeric ginger; cashew-pistachio Mylk; flavored coffee creamers including vanilla, hazelnut, chai spice, and unsweetened; spoonable PlantGurt yogurts with unsweetened and agave-sweetened options; and Nora's Non-Dairy plant-based ice creams in flavors like strawberry cream and mint chip. Founded in 2019 and headquartered in Surrey, British Columbia, Canada, with production facilities in Greater Vancouver and Delta, the company distributes through over 100 premium retailers including Whole Foods Market and Save-On-Foods, operates a direct-to-consumer e-commerce platform with subscription services, and pursues contract manufacturing for juices, dressings, and plant-based alternatives using its 25,000 square foot innovation center equipped for HPP, pasteurization, and various packaging formats. In recent developments, Plant Veda completed the acquisition of Nora's Non-Dairy Ltd. in January 2023 for $300,000 in shares to expand into plant-based ice creams, secured matching funding from Protein Industries Canada for new oat milk-based ice cream launches targeted at food service channels like Gordon Food Service, launched its PlantGurt spoonable yogurt line now carried by Whole Foods, received private investments from Beyond Impact and AIMS Foundation, and in April 2024 announced a delay in filing annual financial statements for the year ended December 31, 2023 due to integration efforts from the Nora's acquisition.