Source: Beyond Meat
Beyond Meat (BYND) is still not gaining the traction it was believed to be bringing to the meat alternative world when it went public, and the pandemic has only accelerated the challenges that it faces to its growth and subsequent valuation.
Beyond is trading at some astronomical multiples even though its sales channels in food-service remain fairly disrupted, and entry into retail and international markets still is an uncertain factor towards overall growth. Competition is also heating up with Impossible Foods, who now has secured an extra $200 million in