This past quarter, companies focused on Stay-at-home products and services, including Peloton and Etsy, experienced high revenue growth due to the pandemic keeping consumers at home. [more]
This past quarter, the HealthTech industry experienced a significant boost in activity and growth as the pandemic stimulated the digitization of various healthcare services. However, companies working directly with patients for physical appointments experienced various complications due to procedures being postponed. [more]
The enterprise Big Data & Analytics company was founded by billionaire investor Peter Thiel and Dr. Alex Karp. The Company expects to bill $1B in revenue in 2020 and be profitable. Verticals include defense and intelligence agencies, including the CIA, energy, financial services, healthcare, manufacturing and transportation sectors. [more]
Vegaste Technologies focuses on the online distribution of plant-based food and beverages in North America. The Company operates PlantX, an online meal delivery platform and website for people interested in plant-based and vegan food. [more]
Quarterly sales were up over 21% to $22.8B with digital sales growing 276% and Net Income reaching $586M in FQ1/2020, up from $49 million in FQ1/2019, but the stock price remains below recent IPO price. [more]
This week, franchise restaurants Dunkin’ Brands, McDonald’s, Restaurant Brands International, and Starbucks, reported Q2/2020 earnings. Most franchises experienced double-digit revenue decreases. Dunkin’ Brands expects to close ~800 stores; Starbucks plans to close 400 locations. [more]
Earlier this month, California-based Perfect Day, a food technology company focused on plant-based dairy products, announced an expansion to its Series C funding round through a US$160 million investment led by the Canada Pension Plan Investment Board, increasing total proceeds to US$300 million. [more]
Revenue increased to $8M with EBITDA of $1.2M. Organic Garage’s online sales almost doubled month-over-month in April to 6.6% of total sales. The Company’s 5th store, located in the Leaside neighborhood of Toronto, is set to open in Q2/2021. [more]
Recently, the Trump administration ordered more than 500,000 doses of Remdesivir, fully clearing out Gilead’s supply for July and taking 90% of Gilead’s production in August and September, leaving no supply for the rest of the world. [more]
The plant-based protein industry experienced significant growth in the past year as several emerging companies developed new innovative plant-based products, while larger traditional restaurants and retail chains created partnerships to meet public demand. [more]
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