Beyond Meat jumps after launching first product in partnership with PepsiCo

BYND Cannasoft Enterprises

23/03/2022 14:10

** Shares of plant-based meat maker  BYND.O  rise as much as
~4% to an over one-month high of $53.47
    ** BYND last up 2.8%, on course for second straight session
of gains; Soda maker PepsiCo Inc's shares  PEP.O  up marginally
    ** Beyond Meat and PepsiCo joint-venture Planet Partnership
debuts Beyond Meat Jerky  urn:newsml:reuters.com:*:nP8N2OE084
    ** Beyond Meat Jerky will be rolling out at stores
nationwide starting in March
    ** The product is a plant-based ingredient snack that is
marinated and slow roasted to offer the experience of
traditional beef jerky in three flavors  urn:newsml:reuters.com:*:nPn4qVp33a
    ** Planet Partnership is a joint venture between BYND and
PEP to develop and produce snack and beverage products made from
plant-based protein
    ** BYND down ~19% so far this year, while PEP down ~6% YTD

 (Reporting by Ananya Mariam Rajesh in Bengaluru)
 ((AnanyaMariam.Rajesh@thomsonreuters.com))