"On October 11, 2021, we, through our wholly owned subsidiary Dr. Foods Co., Ltd., entered into and consummated a “Collaboration Agreement” with Next Meats Co., Ltd., a Japan company that shares common management with the Company, to co-develop new food products and subsequently offer them for sale. Next Meats Co., Ltd. operates in the “alternative meat” industry. It currently offers, and plans to continue to offer, amongst other things, artificial chicken and beef products made from meat substitutes."
So, how is Next Meats doing? Not so good. The company has been losing a LOT of money since Feb. The stock was at $14 then and the MC was about 7B. Now the stock is at $2.95 and the MC is 1.4B. And there is a STRONG SELL on Barcharts.
I'm just reporting the facts.
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