TRUBAR Inc. Expands Retail Presence in Canada with Major Partnerships

Simply Better Brands ( (TSE:TRBR) ) has issued an announcement.

TRUBAR Inc. has announced a significant retail expansion of its TRUBAR™ product line in Canada, increasing its availability to over 3,750 retail doors across the country. This expansion includes partnerships with major retailers like Costco, Pattison Food Group, and Healthy Planet, enhancing TRUBAR’s footprint in the Canadian market. The move is part of TRUBAR’s strategy to bolster its North American distribution and deepen its market presence, positioning the company for accelerated growth and increased accessibility of its plant-based protein snacks.

The most recent analyst rating on (TSE:TRBR) stock is a Hold with a C$1.00 price target. To see the full list of analyst forecasts on Simply Better Brands stock, see the TSE:TRBR Stock Forecast page.

Spark’s Take on TSE:TRBR Stock

According to Spark, TipRanks’ AI Analyst, TSE:TRBR is a Neutral.

Simply Better Brands’ overall stock score is primarily impacted by its financial performance, which highlights significant challenges such as declining revenue and high leverage. Technical analysis suggests potential for a rebound, but bearish momentum persists. Valuation concerns due to negative earnings further weigh on the score.

To see Spark’s full report on TSE:TRBR stock, click here.

More about Simply Better Brands

TRUBAR Inc. is a company in the better-for-you snacking industry, focusing on high-quality, plant-based protein products that are known for their exceptional taste and clean, recognizable ingredients. The company’s signature product line, TRUBAR™, is distributed through national retailers, club stores, and e-commerce platforms across North America, with an emphasis on expanding its presence in North America and select international markets.

Average Trading Volume: 263,133

Technical Sentiment Signal: Sell

Current Market Cap: C$81.92M

Learn more about TRBR stock on TipRanks’ Stock Analysis page.