Not sure about Chesapeake not being their IR anymore, esp since they sent the email notice for the CC. I emailed but haven't heard back yet, replied that I assume they'll discuss getting current with filings so that should be covered as to the delay. Hopefully there's good news
You are cordially invited to attend the Renewable Innovations (OTC:REII) Conference Call:
Hosted by: Robert Mount, CEO
When: Wednesday, September 6th at 12:00 pm ET
Chesapeake Group is inviting you to a scheduled Zoom meeting.
Join Zoom Meeting
Meeting ID: 915 5496 8133
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Meeting ID: 915 5496 8133
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The Company has delayed effecting its 10:1 reverse split pursuant to its Schedule 14C filed with the SEC June 26, 2023. Prior to effecting its reverse split, the Company will complete the re-structuring and extinguishing of all convertible debt from its balance sheet.
Neil G. Chan, CEO of IGEN as previously stated, “The re-structuring of debt and capital will enable us to re-finance in a meaningful way on a non-dilutive basis. The recent announcement for the 10:1 reverse split of issued and outstanding shares will be an important part of our ability to execute our previously announced strategic initiatives, namely the development of AI technologies and acquisition of shares of our technology partner Prolog.”
In its news announcement on June 20, 2023, the Company announced the development of the industry’s first Artificial Intelligence (AI) based commercial fleet solutions along with plans to develop and manufacture low-cost AI video devices. On February 16, 2023, the Company and Prolog announced the completion of an LOI for merger.
The Company expects to delay its application for the 10:1 reverse split for approximately three to four months.
Lucid Motors Debuts the Lucid Air Midnight Dream Edition during the International Motor Show 2023 in Munich
Lucid will participate at the International Motor Show (IAA Mobility) for the first time and debut its limited-production Air Midnight Dream Edition
AMSTERDAM, Sept. 1, 2023 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), setting new standards for luxury electric experience with the Lucid Air, winner of the 2023 World Luxury Car Award, today announced that it will present the Lucid Air luxury electric sedan for the first time at the International Motor Show (IAA Mobility) in Munich and debut the limited-production Air Midnight Dream Edition on 5 September, 2023.
A Dream in Black: The Lucid Air Midnight Dream Edition
The Lucid Air Midnight Dream Edition is a new darkly styled configuration of the Lucid Air that has never before been produced. An Air Dream Edition with Lucid's sinister Stealth theme, it features finely finished, dark polished exterior trim and 21-inch Aero Dream wheels with satin black inserts. It is fitted with a darker, more enigmatic interior inspired by the nighttime Mojave Desert. This exclusive, limited-production luxury electric sedan was created with the European market in mind and will not be available in the U.S.
The Lucid Air Midnight Dream Edition in numbers
-Combined range of up to 799 kilometers according to WLTP
-Combined power consumption: 16.6 kWh/100km according to WLTP
-CO2 emissions: 0g/km
Meet the Lucid Air Lineup
The Lucid Air Midnight Dream Edition will be available for viewing at the Studio located at Odeonsplatz 2, 80539 Munich, during IAA. On Tuesday, 5 September, and Wednesday, 6 September, the Studio will only be open to the media and invited guests. Starting 7 September, the Studio will be open for public viewing of the Air Midnight Dream Edition.
The Lucid Air Pure, the company's most accessible model, will celebrate its premiere on the European stage at Lucid's pop-up studio located at Königsplatz 1, 80333 Munich. The Air Touring and Air Grand Touring models will also be on display in this area. The Königsplatz studio is open daily from Tuesday, 5 September, to Sunday, 10 September, from 10:00 a.m. to 8:00 p.m. The studio will also offer short test drives on the adjacent Arcisstraße 1, 80333 Munich.
The Lucid Air Pure in numbers
-Combined range of up to 725 kilometers according to WLTP
-Combined power consumption: 14.1 kWh/100km according to WLTP
-CO2 emissions: 0g/km
The Lucid Air Touring in numbers
-Combined range of up to 725 kilometers according to WLTP
-Combined power consumption: 14.1 kWh/100km according to WLTP
-CO2 emissions: 0g/km
The Lucid Air Grand Touring in numbers
-Combined range of up to 839 kilometers according to WLTP
-Combined power consumption: 14.9 kWh/100km according to WLTP
-CO2 emissions: 0g/km
Note to Journalists
Journalists who would like to discover the Lucid Air Midnight Dream Edition in person are encouraged to visit the Lucid Studio at Odeonsplatz 2 in Munich on Tuesday, 5 September, between 10:00 a.m. and 6:00 p.m. (IAA accreditation required).
About the Lucid Group
Lucid's mission is to inspire the adoption of sustainable energy by creating advanced technologies and the most captivating luxury electric vehicles centered around the human experience. The company's first car, the Air, is a state-of-the-art luxury sedan with a California-inspired design. Assembled at Lucid's factory in Casa Grande, Arizona, deliveries of Lucid Air are currently underway to customers in the U.S., Canada, Europe, and the Middle East.
Time is money. Naked shorts obviously have a huge interest in DBMM. Been obvious for many years. They didn't want it to trade again, and now that it is they want shareholders to sell cheap
24-7-365 obvious naked interest. Time is money. This should play through well beyond 2023
Added more today
I think our CEO is quietly buying without posting on Twitter like she was. Even though it doesn't have the same immediate bump effect, she's doing longs a favor by quietly absorbing more shares each month than if she were announcing it every buying session
If you're referencing the obviously huge naked short interest in DBMM, that makes sense
The Alkaline Water Company Reports Record Revenue of $63.8 Million in Fiscal Year 2023, Posts 16% Growth and Makes Significant Strides Toward Profitability
Operational Efficiency Improves: Operating Expenses as a Percentage of Revenue Plunge by 35 Percentage Points to 53%
Net Loss Improves by 31% Year-Over-Year
(All dollar amounts in this release are unaudited and in U.S. dollars)
August 16, 2023 05:00 AM Eastern Daylight Time
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--The Alkaline Water Company Inc. (NASDAQ: WTER) (the “Company”), the country’s largest independent Alkaline water company, today announced record-breaking financial results for the fiscal year ending March 31, 2023. The Company reported historic high revenues of $63.8 Million, representing year-over-year growth of 16%. The Company also highlighted substantial progress on its Pathway to Profitability. The corresponding Form 10-K will be filed with the SEC on August 16, 2023, and can be accessed on the investor relations section of the Company's website at ir.theAlkalinewaterco.com.
The Company, the proud producer of Deliciously Smooth™ Alkaline88®, one of the nation’s best-selling alkaline water brands, provided highlights and management commentary on the full fiscal year.
Full-Year Fiscal 2023 Financial Performance (all amounts in U.S. dollars):
Revenue: Up 16% Year-over-Year (YoY) to $63.8MM.
Gross Profit Margin: Improved by 111 basis points YoY to 18%.
Total Operating Expenses (OpEx): Decreased $14.7 million YoY.
Total Operating Expenses as a Percentage of Revenue: Improved from 88% to 53%, a 35 percentage point reduction YoY.
Net Loss: Improved more than $12 million YoY from ($39.6 MM) to ($27.4 MM).
Net Cash Used in Operating Activities: Improved 67% YoY, from ($31.8MM) to ($10.4MM).
“Fiscal Year 2023 marked the highest revenue in our company's history and 16% year-over-year growth, despite a challenging economic environment,” stated Frank Chessman, President and CEO of The Alkaline Water Company. “This achievement reflects the strength of the Alkaline88® brand, the hard work of our team, and the loyalty of our customers.”
Progress on the Pathway to Profitability—$22 Million in Cost Savings and Margin Enhancement Now Identified:
In July of 2022, the Company announced its new Pathway to Profitability, an initiative to increase margins, cut costs, and improve overall operational efficiency.
The company's gross profit margin improved by 111 basis points for the fiscal year. The improvement was a result of more efficient production processes, better pricing on raw materials, and strategic price increases to clients.
“Equally important to driving top-line growth, we've emphasized cost control, margin enhancements, and streamlining operations under our 'Pathway to Profitability' initiative which we announced a year ago,” stated Mr. Chessman. “In that time, we’ve seen an uptrend in our gross profit margin which improved by over 100 basis points year over year.”
Amidst record revenue, another financial milestone stands out—the substantial decrease in operating expenses relative to our revenue. This fell sharply from 88% to 53%, a year-over-year improvement of 35 percentage points.
The Alkaline Water Company has also managed to decrease net cash used in operating activities by $21.4 million, down from ($31.8MM) last year to ($10.4MM) this year. Furthermore, the company reported that its net loss improved by 31%, and its loss per share (LPS) improved by 50%.
Mr. Chessman added, “The Alkaline Water Company is not only consistently driving top-line growth but also ensuring that we extract maximum value out of every dollar of revenue that we generate as we march on toward profitability. We acknowledge there’s still a ways to go but we made progress in fiscal year 2023 and trends continue in the right direction. We have now identified approximately $22 Million in cost-savings and margin enhancement compared to fiscal year 2022, once all the changes are fully implemented. Our growth in topline sales and these improvements in cost management and operational efficiency all bring us closer to our goal of profitability.”
Key Business and Operational Highlights
-Alkaline88 added over 11,000 new stores to its retail footprint.
-Adding new clients in fiscal year 2023 was an important driver to the Company’s continued growth. Alkaline88 found new shelf space for the first time in stores across all channels including many large and small regional convenience store chains, drug stores, military exchanges, and whole divisions of large national grocery banners like Whole Foods and Kroger.
-Alkaline88 expanded SKU offerings in over 33,000 existing clients.
-Another important driver that helped the company maintain double digit sales growth in fiscal year 2023 was the addition of new SKUs in over 33,000 stores including some of the nation’s largest drug store and grocery chains.
-The introduction of thousands of new distribution points and a variety of size options in stores frequented by millions of shoppers who are already familiar with the brand greatly increases the likelihood of more Alkaline88 making its way into more shopping carts across the country.
-Alkaline88 outpaced category growth in both dollar volume and unit volume and continued its dominance as the leader in bulk-sized Value-Added Water.
For the 52-weeks ending 3/25/23 (6 days before the end of the Company’s fiscal year), Nielsen xAOC+Conv. data shows that:
-Alkaline88 had over $93MM in retail sales, making it one of only 12 brands across the nation with over $90MM in yearly sales (excluding all private labels combined).
-Alkaline88 grew 19.5% year-over-year across all channels in Dollar Volume, more than double the category’s growth, and second-best amongst the 12 biggest brands.
-Alkaline88 also had the second-best Unit Volume growth amongst the top-12 brands and was one of only five of these brands to record growth in both Units and Dollars.
-The Alkaline88 1-Gallon was the 16th best-selling Value-Added Water product by Dollar Volume in the entire country, regardless of size. It outsold the next closest gallon product in the category by more than 11x.
“The growth we've experienced this past fiscal year reaffirms the strength of our brand, our strategy, and our team,” reiterated Mr. Chessman. “We are optimistic about what the future holds for The Alkaline Water Company as we continue to strive for profitability, improve operational efficiencies, and create value for our shareholders and customers."
Cash Flow and Operational Runway
The Company reported limited cash resources at the end of the fiscal year. As a result, the management team has remained focused on securing the necessary funds to keep operations running smoothly. The Company’s current credit facility, an asset-based loan, has been extended into the fall as management pursues another revolving financing agreement to continue pursuing the goal of profitable operations.
Fiscal 2023 Complete Financial Results
Complete results for the Company’s fiscal year 2023 will also be filed on SEDAR under the Company’s profile on www.sedar.com and on EDGAR at www.sec.gov.
Note on Reverse Split:
Effective April 5, 2023, The Company effected a one for fifteen reverse stock split of its authorized, issued and outstanding shares of common stock. As a result, the Company’s authorized common stock has decreased from 200,000,000 shares of common stock, with a par value of $0.001 per share, to 13,333,333 shares of common stock, with a par value of $0.001 per share, and the number of issued and outstanding shares of common stock has decreased from approximately 152,149,661 to approximately 10,185,898. Any fractional shares resulting from the reverse stock split were rounded up to the next nearest whole number.
Accordingly, all share and per-share amounts referenced above for the current period and prior periods have been adjusted to reflect the reverse stock split.
About The Alkaline Water Company:
The Alkaline Water Company is the Clean Beverage® company making a difference in the water you drink and the world we share.
Founded in 2012, The Alkaline Water Company (NASDAQ: WTER) is headquartered in Scottsdale, Arizona. Its flagship product, Alkaline88®, is a leading premier alkaline water brand available in bulk and single-serve sizes along with eco-friendly aluminum packaging options. With its innovative, state-of-the-art proprietary electrolysis process, Alkaline88® delivers perfect 8.8 pH alkaline drinking water with trace minerals and electrolytes and boasts our trademarked “Clean Beverage” label.
To purchase The Alkaline Water Company’s products online, visit us at www.alkaline88.com.
To learn more about The Alkaline Water Company, please visit www.thealkalinewaterco.com or connect with us on Facebook, Twitter, Instagram, or LinkedIn.
Time is money. Naked shorts have a huge interest in DBMM. Been crystal clear obvious for years. 24-7-365 obvious :)
As we eventually get past the weaker traders who dump into the bid, this can really fly. Expect this to play well beyond 2023
Majority of trades today are double prints
Lucid Announces Final Production Specifications for the Lucid Air Sapphire: The World's First Luxury Electric Super-Sports Sedan
-The Lucid Air Sapphire is the world's first fully electric luxury super-sports sedan, achieving 0-60 mph in 1.89 seconds, 0-100 mph in 3.84 seconds, and the quarter mile in 8.95 seconds, with a top speed of 205 mph.
-Lucid's new halo car features three motors, four driving modes, carbon-ceramic brakes, a special aerodynamic package, sport seats, track-tuned suspension, and more.
-Air Sapphire delivers both 1,234 hp and an EPA-estimated range of 427 miles on a single charge, as well as efficiency of 3.61 mi/kWh, representing an extraordinary fusion of capabilities.
-Production of Air Sapphire begins in September, with deliveries to follow soon after.
NEWARK, Calif., Aug. 8, 2023 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), setting new standards for luxury electric experience with the Lucid Air, winner of the 2023 World Luxury Car Award, today unveiled the final production specs for the highly anticipated Lucid Air Sapphire. As the ultimate fusion of leading-edge technology, refined design, and on-road versatility, the Air Sapphire elevates electric performance to new heights — marking a monumental step forward in automotive innovation.
"With the release of the Lucid Air Sapphire, we are witnessing an unprecedented moment in time. The technology that underpins Sapphire enables an unsurpassed blend of performance, agility, and versatility," said Peter Rawlinson, CEO and CTO, Lucid Group. "The result is an extreme performance car that offers delightful responsiveness and everyday practicality. With the Lucid Air Sapphire, we have once again raised the bar and increased the gap between Lucid and its competitors, creating the world's most well-rounded and versatile high-performance EV."
Game-Changing Electric Performance
With a range that defies expectations, the Lucid Air Sapphire achieves an EPA-estimated 427 miles on a single charge, setting the standard for performance EV capabilities. It houses a three-motor powertrain, all developed and manufactured in-house, which produces a total of 1,234 hp and 1,430 lb-ft of torque. Thanks to the enhanced power delivery provided by the twin rear-drive unit, the Sapphire can travel 0 to 60 mph in just 1.89 seconds and run a quarter mile in 8.95 seconds at 158 mph.
The Sapphire will be priced at $249,000 fully equipped before tax, title, registration, and other fees in the United States. Information about availability for markets outside of North America will be communicated in the future.
Sapphire Design: California Inspiration, Futuristic Sophistication
The Lucid Air Sapphire, like all Air models, seamlessly marries form and function to transform the luxury sedan into an automotive masterpiece. Changes specific to Sapphire include an exterior that is optimized for both downforce and efficiency at high speeds, as well as an exclusive Sapphire Blue exterior paint combined with Lucid's Stealth Look trim. The Aero Sapphire wheels wear specially designed Michelin Pilot Sport 4S tires, offering enhanced performance and increased efficiency, complemented by removable carbon-fiber aero disk wheel covers.
"The Lucid Air Sapphire stands as a remarkable brand halo for Lucid, representing a fantastic example of what our team can accomplish when we combine technology, design, and performance into an unparalleled package," said Derek Jenkins, Senior Vice President of Design and Brand, Lucid Group. "The design of the Lucid Air Sapphire showcases our commitment to automotive aesthetics while delivering a driving experience like no other. It is a testament to our dedication to crafting vehicles that not only perform exceptionally and are exhilarating to drive, but also inspire awe at first sight."
The cabin of the Lucid Air Sapphire extends the purposeful beauty of the exterior with a new interior theme called Sapphire Mojave. The stylish sports seats, designed exclusively for the Sapphire, cradle passengers with considerable support, while maintaining comfort with heating, cooling, and massage functionality.
A Technological Marvel with Leading-Edge Features
The Air Sapphire introduces two specially configured modes and additional performance settings to provide a unique experience behind the wheel. Presenting a lineup of four drive modes, Smooth, Swift, Sapphire, and Track, each mode is optimized for various conditions and styles, influencing the character of the car and behavior of suspension, steering, brakes, torque vectoring, peak power and torque, and thermal controls.
Smooth mode configures the vehicle for comfortable, effortless, highly efficient driving. Moving to Swift mode, which is designed for spirited road driving, maintains comfort while providing a distinctly sporty edge. Sapphire mode ups the ante considerably, combining unmatched power and torque with incredible reflexes and agility, for the ultimate on-road driving experience. Track mode, developed solely for use on racetracks, features three additional sub-modes, Dragstrip, Hot Lap, and Endurance, to further tune and condition the powertrain and battery for optimum performance.
Air Sapphire's powertrain layout, focus on performance, and new features and drive modes position it as distinct in the Air lineup. This future classic provides a luxury experience to the discerning driver while offering an unparalleled experience on the racetrack, resulting in the perfect blend of sophistication and versatility.
Air Sapphire standard equipment includes:
-New twin rear-drive unit that works in tandem with the single motor front-drive unit
-Retuned front and rear springs, bushings, anti-roll bars, and steering software
-Unique adaptive damper control software and tuning for ABS, stability control, brake booster, and electronic power steering (EPS)
-Torque vectoring control algorithms and traction control developed in-house
-Revised front and rear suspension geometry to provide heightened steering response
-New carbon ceramic brakes: Front 420mm rotors with 10-piston calipers, rear 390mm rotors with 4-piston calipers
-Bespoke Aero Sapphire wheels, with diameters of 20 inches in the front and 21 inches in the rear, paired with co-developed Michelin Pilot Sport 4S tires with a special Sapphire-specific compound
-Removable carbon fiber aero wheel covers with center lock nut
-Aluminum roof introduced to reduce total vehicle weight and lower the center of gravity
-Heated and ventilated front sports seats with additional bolster support that retain massage functionality
-Soft-close doors, power opening/closing trunk and frunk
-Ultra-fast 900V+ charging system
-Unique Sapphire-themed on-screen display presenting a lineup of four drive modes – Smooth, Swift, Sapphire, and Track – each influencing the character of the car and behavior of suspension, steering, brakes, torque vectoring, peak power and torque, and thermal controls.
-Elegant and intuitive Lucid UX with 34-inch floating Glass Cockpit
-Extensive over-the-air software update capability
-DreamDrive Pro, Lucid's advanced driver assistance system, with 30+ features and future-ready hardware including the first automotive LIDAR in North America
-21-speaker Surreal Sound Pro immersive audio system with Dolby Atmos compatibility
About Lucid Group
Lucid's mission is to inspire the adoption of sustainable energy by creating advanced technologies and the most captivating luxury electric vehicles centered around the human experience. The company's first car, the Air, is a state-of-the-art luxury sedan with a California-inspired design. Lucid Air Grand Touring features an official EPA estimated 516 miles of range. Assembled at Lucid's factory in Casa Grande, Arizona, deliveries of Lucid Air are currently underway to customers in the U.S., Canada, Europe, and the Middle East.
Time is money. Naked shorts are heavily invested in DBMM. 24-7-365 speaks volumes. Been obvious for years
Still a long, long way to go for them to cover. Expect consistent volume for another year minimum. Once we pass the majority of weak traders dumping into the bid, I won't name names but many have posted in the past and recently, this can really fly
On August 7, 2023, Lucid LLC, a wholly owned subsidiary of Lucid Group, Inc. (collectively, the “Company”), entered into an Electric Vehicles Purchase Agreement (the “Agreement”) with the Government of Saudi Arabia as represented by the Ministry of Finance (the “Government”). The Agreement supersedes the Letter of Undertaking, which was entered into on April 20, 2022 (the “Letter of Undertaking”), by and between Lucid LLC and the Government, pursuant to which the Government and its entities and corporate subsidiaries undertook to purchase up to 100,000 vehicles from the Company over a ten-year period, with an initial commitment to purchase 50,000 vehicles and an option to purchase up to an additional 50,000 vehicles during such ten-year period. The Letter of Undertaking was previously filed as an exhibit to the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2022.
Under the terms of the Agreement, the Government and other beneficiaries specified in the Agreement (collectively, the “Purchaser”) will purchase, whether through outright purchase or otherwise, up to 100,000 vehicles from the Company during the Term (as defined below) pursuant to purchase orders, with a minimum purchase quantity of 50,000 vehicles and an option to purchase up to an additional 50,000 vehicles pursuant to a schedule of annual vehicle purchase quantities set forth therein. The Purchaser may reduce the minimum purchase quantity by the number of vehicles set out in any purchase order not accepted by the Company or by the number of vehicles that the Company fails to deliver within six months from the date of the applicable purchase order.
The purchase price with respect to any vehicle will be the lower of (i) the standard retail price for the relevant vehicle in the relevant market for electric vehicles in Saudi Arabia (exclusive of any applicable taxes) plus the applicable actual and direct costs of transportation, custom duties, government fees, third-party insurance, and any extra equipment or variations made to the relevant vehicle to comply with applicable standards and specifications of Saudi Arabia, which are not included in the standards specifications in the U.S. market (collectively, the “Costs”); and (ii) the standard retail price for the relevant vehicle in the U.S. market (exclusive of any applicable taxes) plus the applicable Costs, subject to adjustments as mutually agreed between the parties for vehicles modified pursuant to specific vehicle configurations or vehicles manufactured at the Purchaser’s request which are not standard configuration vehicles offered by the Company in any key markets.
The Agreement has a term of ten years from the date of the first purchase order, unless terminated earlier pursuant to the terms of the Agreement (the “Term”). The Agreement may be terminated by the Purchaser immediately upon written notice to the Company in the event of bankruptcy, insolvency or receivership, if the Company fails to supply at least one vehicle within a full calendar year, if the Company assigns the Agreement to another party without the consent of the Purchaser or fails to notify the Purchaser of any potential change of control, or if a force majeure prevents the Company from accepting any purchase order or selling or supplying the vehicles for a period of more than 120 business days. In addition, either party may terminate in the event of an uncured breach by the other party.
The Agreement also contains certain other terms and conditions in connection with the purchase, including the obligation of the Company to perform in compliance with the Agreement and purchase orders, standards and specifications applicable to vehicles in Saudi Arabia, and all applicable laws and regulations. Pursuant to the Agreement, the Company will also be subject to certain minimum conditions with respect to its operations in the Kingdom of Saudi Arabia and it will provide warranty for its vehicles for the standard warranty period offered by the Company in the relevant market for electric vehicles in Saudi Arabia or the U.S. market for such vehicle, whichever is more favorable to the Purchaser.
The foregoing description does not constitute a complete summary of the terms of the Agreement and is qualified in its entirety by reference to the copy of the Agreement, which will be filed as an exhibit to the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2023.
DBMM is currently an OTC Pink platform as a fully reporting SEC company with a strategy to achieve listing on the #OTCQB Exchange before the end of 2023 if not sooner. The ultimate stated goal is for the company to uplist to #NASDAQ. Trading Symbol: DBMM.#DBMM #OTC— DBMM Group Inc. (@dbmm_group) August 7, 2023
May do $500k in dollar volume today. Healthy churn helps set a new base in this range before the next leg up
As data center operators transition to hydrogen power, RI leads the way.— Renewable Innovations (@RenewableInnov2) August 3, 2023
The company is finalizing a multi-stage agreement to aid large-scale data center operators as they seek alternative energy solutions for backup power.
Data Center Knowledge article:https://t.co/1TrwdWUAzy
Time is money. A 24-7-365 campaign by many against DBMM has been going on for years. Nobody does that without incentive or investment. No army of players do that without incentive or investment
Naked shorts have a huge interest in DBMM. Been crystal clear obvious for years
These hurdles were overcome in the midst of relentless bashing continuing from previous years that also included a global pandemic. These trolls were obsessive in their persistence, constantly trying to dampen the company’s spirit. That was and is the basher’s job. But like the true resilient business that we are, the company’s management ignored the noise and continued to focus on their vision and mission, achieving one win at a time. Each win represented a stepping stone forward.
We knew that the truth would ultimately prevail, and we continued to work tirelessly, undeterred by the negativity surrounding a constant flow of misinformation. Important to point out that this kind of deplorable behavior would never be allowed or tolerated on an Exchange. Bashers leverage and take advantage of the OTC platform not being subject to Exchange Rules.
Beyond Meat® Debuts Beyond Stack Burger™, the Brand’s Newest Product Innovation, at Select Kroger Stores Nationwide
The new craveable, stackable patties that are even closer in taste and texture to beef, tap into the popularity of smash-style burgers and expand Beyond Meat’s retail burger portfolio, which includes the #1 selling Beyond Burger1
This latest product introduction follows the launch of the newest iteration of the #1 selling Beyond Sausage and the expansion of Beyond Steak, the #1 new plant-based meat product in retail
EL SEGUNDO, Calif., Aug. 02, 2023 (GLOBE NEWSWIRE) -- Beyond Meat, Inc. (NASDAQ: BYND), a leader in plant-based meat, today announced the expansion of its burger portfolio with the debut of the company’s newest product innovation, the Beyond Stack Burger™. The delicious new patty is designed to be even closer in taste and texture to beef and is perfect for single, double and triple stacked burgers. The Beyond Stack Burger is debuting as smash-style burgers have grown in popularity, with a 720% increase on menus over the past four years,2 and complements this summer’s launch of the Beyond® Smashable Burger in foodservice, enabling consumers to be able to enjoy irresistible plant-based smash-style burgers both at home and on-the-go.
A Delicious, Stackable, Smash-Style Burger
Savory and delicious, early reviews praise the new Beyond Stack Burger for being “juicy,” having a “delicate crumble that truly resembles beef burgers,” and being “crispy on the outside, resembling the popular beef smash burgers.”3 Endlessly customizable and easy-to-cook, the Beyond Stack Burger goes from frozen to finished in six minutes in a skillet and can be eaten as a single patty or stacked multiple patties high, making it the perfect option to recreate popular, stackable, smash-style burgers at home. Consumers can savor their favorite smash-style burger combinations – from the timeless toppings of lettuce, tomato and cheese to an updated take on BBQ slaw – confident that they are making a better choice for themselves and the planet. As with all Beyond Meat products, the Beyond Stack Burger is a better-for-you option with no added antibiotics or hormones, no GMOs, and 35% less saturated fat than an 80/20 beef burger with 0 mg of cholesterol per serving.
“The new Beyond Stack Burger reflects our commitment to relentlessly innovate until our products are indistinguishable from animal meat in taste, texture and flavor while being more nutritious and sustainable,” said Dr. Dariush Ajami, Chief Innovation Officer at Beyond Meat. “We are thrilled to expand our retail product portfolio with this latest offering which builds upon the recent launches of the newest iteration of Beyond Sausage and our groundbreaking, heart-healthy Beyond Steak.”
Rapid and Relentless Innovation
The Beyond Stack Burger is the latest addition to Beyond Meat’s growing portfolio of category-leading products. This summer, the company launched the newest iteration of Beyond Sausage®, the #1 selling plant-based dinner sausage in retail,4 with a meatier, juicier taste and texture. The new Beyond Sausage is receiving rave reviews for being, “shockingly better than pork links,” and is an excellent source of protein with 40% less saturated fat than a leading brand of pork sausage. Additionally, the company’s Beyond Steak®, the #1 selling new plant-based meat item in retail,5 continues to grow in popularity - recently expanding availability to nearly 14,000 grocery stores nationwide – thanks to its unbeatable combination of delicious taste and strong nutritional profile which earned Beyond Steak the American Heart Association's trusted Heart-Check Mark for being a heart-healthy food.6
Plant-Based Meats Supported by Scientific Research
To help consumers make informed choices, Beyond Meat is dedicated to supporting scientific, evidence-based research on the health impact of shifting from animal-based meat to plant-based meat. In a clinical study that was conducted at Stanford University and published in The American Journal of Clinical Nutrition, researchers evaluated the impact of replacing animal-based meat with Beyond Meat’s plant-based meat over an 8-week period on cholesterol levels (including LDL), heart disease risk factors including TMAO levels, and body weight, and found improvement in key health metrics when participants replaced animal-based meat with Beyond Meat’s plant-based meat. Expanding on this body of research, in 2021, Beyond Meat established the Plant-Based Diet Initiative at the Stanford University School of Medicine and last year, entered into a multi-year agreement with the American Cancer Society to advance research on plant-based meat and cancer prevention. For more information on Beyond Meat’s efforts to positively impact human health, visit the Health page.
The Beyond Stack Burger is soft launching this week at select Kroger, Ralphs, King Soopers, Fry’s and Smith’s stores.
About Beyond Meat
Beyond Meat, Inc. (NASDAQ: BYND) is a leading plant-based meat company offering a portfolio of revolutionary plant-based meats made from simple ingredients without GMOs, no added hormones or antibiotics, and 0 mg of cholesterol per serving. Founded in 2009, Beyond Meat products are designed to have the same taste and texture as animal-based meat while being better for people and the planet. Beyond Meat’s brand promise, Eat What You Love®, represents a strong belief that there is a better way to feed our future and that the positive choices we all make, no matter how small, can have a great impact on our personal health and the health of our planet. By shifting from animal-based meat to plant-based protein, we can positively impact four growing global issues: human health, climate change, constraints on natural resources and animal welfare. As of March 2023, Beyond Meat branded products were available at approximately 191,000 retail and foodservice outlets in over 80 countries worldwide. Visit www.BeyondMeat.com and follow @BeyondMeat, #BeyondBurger and #GoBeyond on Facebook, Instagram, Twitter and TikTok.
Nice slap or cover in the final 15 minutes, trades 45-46