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Modern Plant Based Foods Inc. develops and distributes plant-based and health food products in Canada. The company offers plant-based food products and services, including taco bowl kit, slider kit, falafel bowl kit, orange chicken kit, mac and cheese kit, and the meatloaf muffin; sausage-less products through retail and food service outlets; vegan caviar product lines; and plant-based pet food products, such as blueberries, apple chunks, and pumpkin dog treats. The company was formerly known as Modern Meat Inc. and changed its name to Modern Plant Based Foods Inc. in February 2021. Modern Plant Based Foods Inc. is headquartered in Vancouver, Canada.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Modern Plant Based Foods Inc is a Canada-listed company focused on developing and marketing plant-based food products, though public information on its operations and scale is limited. It may benefit from secular growth in alternative proteins and rising consumer interest in plant-based diets, which could support expansion if the company secures reliable production and broader retail or foodservice distribution.
Key investment risks include limited disclosure and small operating scale, intense competition from established food companies, execution and financing risk common to microcaps, and sensitivity to supply-chain or regulatory changes.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-08-31 | 2024-08-31 | 2023-08-31 | 2022-08-31 | 2021-08-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-08-31 | 2024-08-31 | 2023-08-31 | 2022-08-31 | 2021-08-31 |
| Income before tax | -0.85M | -0.81M | -8.31M | -11.60M | -6.21M |
| Minority interest | 0.00M | 0.00M | 0.00M | -0.00M | 0.01M |
| Net income | -0.85M | -0.81M | -8.29M | -11.59M | -6.18M |
| Selling general administrative | 0.59M | 0.95M | 1.47M | 4.99M | 4.50M |
| Gross profit | 0.12M | 0.13M | 0.10M | 0.02M | 0.39M |
| Reconciled depreciation | 0.01M | 0.06M | 0.10M | 0.25M | 0.32M |
| Ebit | - | - | - | -11.38M | -4.63M |
| Ebitda | - | - | - | -11.31M | -5.84M |
| Operating income | -0.51M | -0.94M | -1.52M | -5.29M | -4.72M |
| Interest expense | 0.21M | 0.11M | 0.03M | 0.05M | 0.05M |
| Tax provision | - | 0.00M | -0.02M | -0.02M | -0.02M |
| Net interest income | -0.21M | -0.11M | -0.03M | -0.05M | -0.05M |
| Income tax expense | - | - | - | -0.02M | -0.02M |
| Total revenue | 0.57M | 0.63M | 0.75M | 1.65M | 2.27M |
| Total operating expenses | 1.08M | 1.57M | 2.27M | 6.94M | 6.99M |
| Cost of revenue | 0.45M | 0.50M | 0.65M | 1.63M | 1.88M |
| Total other income expense net | -0.13M | 0.24M | -6.76M | -6.27M | -1.44M |
| Net income from continuing ops | -0.85M | -0.81M | -8.29M | -11.58M | -6.19M |
| Net income applicable to common shares | - | - | - | -11.59M | -6.18M |
| Breakdown | 2025-08-31 | 2024-08-31 | 2023-08-31 | 2022-08-31 | 2021-08-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-08-31 | 2024-08-31 | 2023-08-31 | 2022-08-31 | 2021-08-31 |
| Total assets | 1.06M | 0.61M | 0.70M | 1.24M | 3.48M |
| Intangible assets | 0.84M | 0.26M | 0.28M | 0.30M | -0.43M |
| Other current assets | - | - | - | 0.01M | 0.06M |
| Total liab | 2.81M | 2.27M | 1.66M | 1.13M | 1.67M |
| Total stockholder equity | -1.75M | -1.65M | -0.95M | 0.11M | 1.83M |
| Other current liab | - | - | - | 0.01M | 0.01M |
| Common stock | - | - | - | 19.68M | 10.37M |
| Capital stock | 26.08M | 25.44M | 25.44M | 19.68M | 10.37M |
| Retained earnings | -33.13M | -32.28M | -31.47M | -23.18M | -11.60M |
| Other liab | - | - | - | 0.04M | 0.06M |
| Good will | - | 0.00M | 0.00M | 0.10M | 1.78M |
| Cash | 0.07M | 0.17M | 0.06M | 0.22M | 0.65M |
| Total current liabilities | 2.80M | 1.63M | 1.65M | 1.05M | 1.40M |
| Net debt | 1.72M | 1.15M | 0.55M | - | - |
| Short long term debt | 1.79M | 0.68M | 0.61M | - | 0.15M |
| Other stockholder equity | - | - | - | -0.01M | 1.10M |
| Property plant equipment | - | - | - | 0.16M | 0.59M |
| Total current assets | 0.21M | 0.35M | 0.38M | 0.68M | 1.55M |
| Net tangible assets | - | - | - | -0.30M | 0.48M |
| Net receivables | 0.08M | 0.08M | 0.08M | 0.03M | 0.22M |
| Long term debt | - | 0.63M | - | - | - |
| Inventory | 0.03M | 0.02M | 0.03M | 0.13M | 0.55M |
| Accounts payable | 0.80M | 0.80M | 0.84M | 0.78M | 0.99M |
| Non current assets total | 0.85M | 0.27M | 0.33M | 0.56M | 1.94M |
| Capital lease obligations | - | 0.00M | 0.05M | 0.17M | 0.38M |
| Breakdown | 2025-08-31 | 2024-08-31 | 2023-08-31 | 2022-08-31 | 2021-08-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-08-31 | 2024-08-31 | 2023-08-31 | 2022-08-31 | 2021-08-31 |
| Investments | - | 0.00M | 0.32M | -0.01M | -0.73M |
| Change to liabilities | - | - | - | 0.11M | 0.08M |
| Total cashflows from investing activities | - | - | - | -0.01M | -0.73M |
| Net borrowings | 0.27M | 0.55M | 0.46M | -0.34M | -0.26M |
| Total cash from financing activities | 0.38M | 0.66M | 0.97M | 1.56M | 2.66M |
| Change to operating activities | - | - | - | 0.02M | 0.17M |
| Net income | -0.85M | -0.81M | -8.29M | -11.59M | -6.18M |
| Change in cash | -0.10M | 0.11M | -0.15M | -0.43M | -2.15M |
| Begin period cash flow | 0.17M | 0.06M | 0.22M | 0.65M | 2.79M |
| End period cash flow | 0.07M | 0.17M | 0.06M | 0.22M | 0.65M |
| Total cash from operating activities | -0.48M | -0.55M | -1.44M | -1.98M | -4.07M |
| Issuance of capital stock | - | - | 0.00M | 1.00M | 1.00M |
| Depreciation | 0.01M | 0.06M | 0.10M | 0.25M | 0.32M |
| Change to inventory | -0.01M | 0.00M | 0.04M | 0.24M | -0.31M |
| Change to account receivables | 0.00M | 0.16M | -0.07M | 0.03M | -0.06M |
| Other cashflows from financing activities | - | - | - | - | 0.46M |
| Change to netincome | - | - | - | 8.98M | 1.91M |
| Capital expenditures | 0.00M | 0.00M | 0.00M | 0.00M | 0.14M |
| Change in working capital | 0.05M | 0.17M | -0.22M | 0.39M | -0.12M |
| Stock based compensation | 0.09M | 0.00M | 0.02M | 6.96M | 0.43M |
| Other non cash items | 0.21M | 0.11M | 6.80M | 0.77M | 0.15M |
| Free cash flow | -0.48M | -0.55M | -1.45M | -1.98M | -4.82M |
Sector: Consumer Defensive Industry: Packaged Foods
|
Stock Name
|
Change
(CAD) |
Price
(CAD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| MEAT Modern Plant Based Foods Inc |
-0.02 40.00% |
0.03 | - | - | 3.11 | 196.16 | 6.84 | -1.64 |
| HBFG Happy Belly Food Group Inc. (formerly was VEGN/Plant & Co. Brands Ltd until 2022-08-31) |
-0.06 3.85% |
1.50 | - | 169.49 | 11.91 | 90.41 | 11.98 | 1394.78 |
| NPRA Nepra Foods Inc. |
0.04 16.07% |
0.33 | - | - | 5.51 | 2.12 | 4.62 | -1.44 |
| PSYC Psyched Wellness Ltd |
- -% |
0.01 | - | - | 12.92 | 2.62 | 12.45 | -1.82 |
| VEGI Boosh Plant-Based Brands Inc |
- -% |
0.01 | - | - | 0.97 | 0.18 | 4.60 | -0.12 |
Modern Plant Based Foods Inc. develops and distributes plant-based and health food products in Canada. The company offers plant-based food products and services, including taco bowl kit, slider kit, falafel bowl kit, orange chicken kit, mac and cheese kit, and the meatloaf muffin; sausage-less products through retail and food service outlets; vegan caviar product lines; and plant-based pet food products, such as blueberries, apple chunks, and pumpkin dog treats. The company was formerly known as Modern Meat Inc. and changed its name to Modern Plant Based Foods Inc. in February 2021. Modern Plant Based Foods Inc. is headquartered in Vancouver, Canada.
| Name | Title | Year Born |
|---|---|---|
| Mr. Avtar Dhaliwal | Chief Executive Officer | 1995 |
| Ms. Tara Haddad | Founder | NA |
| Ms. Yuying Liang B.A., CPA | CFO & Director | 1991 |
| Ms. Anastasia Bogomolova | Director of Operations | NA |
| Loree Khan | Head of Canadian Sales & Distribution | NA |
| Mr. Craig Wallace | Head of Global Acquisitions & Member of the Advisory Board | NA |
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