Skip to content

Beyond Meat Stock Edges Higher After Launching Plant-Based Beyond Breakfast Sausage in Canada

Sam Boughedda trader
Updated 29 Sep 2021

Beyond Meat (NASDAQ: BYND) shares are edging higher premarket on the back of an announcement that it is launching a plant-based Beyond Breakfast Sausage in Canada.

The plant-based Beyond Breakfast Sausage Links in marks Beyond Meat’s entry into the Canadian retail breakfast category, with the product being sold in major retailers across the country.

“We are thrilled to increase our better-for-you plant-based offerings in Canada with the debut of Beyond Breakfast Sausage Links,” said Heena Verma, Marketing Director for Canada, Beyond Meat. 

“With the launch of our first retail breakfast product, we’re enabling Canadians to enjoy Beyond Meat products any time of day, satiating the growing appetite for plant-based protein in the country,” added Verma.

It is the second announcement from the company regarding product launches this week.

On Monday, the US-based plant protein firm announced the launch of its Beyond Chicken Tenders in the US. Its shares closed 3.36% higher following the announcement.  However, it erased those gains on Tuesday, closing over 5% lower. 

So far on Wednesday, Beyond Meat shares are up 1.04% at $108.48.

Should You Invest in Beyond Meat Shares?

One of the most frequently asked questions we receive is, “what stocks are best to buy right now?” It's a wide-ranging question, but one that we have answered… Our AskTraders stock analysts regularly review the market and compile a list of which companies you should be adding to your portfolio, including short and longer-term positions. Here are the best stocks to buy right now

Sam is a trader and lead stock market writer at AskTraders. After starting his career in the forex market, Sam now focuses on stocks, specifically consumer staples.