With 2021 coming to a close in a few weeks, we have been analyzing companies with the goal of identifying operators that have attractive valuations based on certain operating and profitability metrics and have considerable upside potential.
We believe that Boosh Plant-Based Brands Inc. (CSE: VEGI) (OTCQB: VGGIF) (FSE: 77I) is a company that meets our criteria and consider it to be an emerging growth story that is flying under the radar. Today, we have issued an update on the on-the plant-based brand and believe that our readers should be aware of it.
Yesterday, Boosh announced a key milestone and reported that it will start to provide direct access to its portfolio of plant-based brands directly through its website in late January. We expect the development to serve as a catalyst for growth and will monitor how the improved access will enhance revenue growth.
A core pillar of the long-term opportunity for Boosh is related to how it can continue to improve and scale how it allows consumers to access its product line. By offering a home delivery service, the brand will significantly expand its e-commerce presence and offer a seamless platform to buy Boosh plant-based products.
Initially, the plant-based brand will launch six frozen entrees that can be purchased on its website. We expect the company to expand the product offering after analyzing the performance of the first batch of products. We expect Boosh’s diverse product portfolio to generate considerable traction with consumers and believe the market is discounting the potential value that can be generated through its organic growth strategy.
During the last quarter, Boosh has reported several important developments and we believe the brand has visible growth prospects. Although the management team has the brand positioned to record strong growth, the recent trend has been to the downside.
2021 has been a challenging year for plant-based companies and we believe the recent sector weakness is transitory. During the last decade, the number of plant-based consumers has drastically increased and we believe Boosh has the opportunity to capture market shares. By having relationships with leading plant-based brands, the company should benefit from having increased awareness in 2022.
We believe the management team is executing on a multi-faceted growth strategy and are favorable on the potential catalysts the brand has for growth. At current levels, we find the valuation to be attractive and consider the risk-reward profile to be favorable. We are of the opinion that the market is discounting the growth prospects that are associated with Boosh and this is an opportunity to be aware of.
Pursuant to an agreement between StoneBridge Partners LLC and Boosh Plant Brands Inc. (VEGI) we have been hired for a period of 180 days beginning October 19th, 2021 and ending April 19th, 2021 to publicly disseminate information about (VEGI) including on the Website and other media including Facebook and Twitter. We are being paid $5,000 per month (VEGI) for or were paid “ZERO” shares of unrestricted or restricted common shares. We own zero shares of (VEGI), which we purchased in the open market. We plan to sell the “ZERO” shares of (VEGI) that we hold during the time the Website and/or Facebook and Twitter Information recommends that investors or visitors to the website purchase without further notice to you. We may buy or sell additional shares of (VEGI) in the open market at any time, including before, during or after the Website and Information, provide public dissemination of favorable Information.