Structural Industry TailwindsModern Meat operates in the plant-based meat alternative category, a long-term secular growth market driven by consumer shifts to alternative proteins. Durable demand expansion increases the addressable market and supports recurring wholesale and foodservice revenue if the company can scale distribution.

Improving Cash Burn TrendOperating cash outflows have narrowed versus 2021–2023, indicating improving cash burn. Sustained reductions in cash consumption extend runway, lower near-term financing pressure and provide a firmer base to execute distribution and cost initiatives required for longer-term sustainability.

Narrowing LossesReported losses are less extreme than in 2022–2023, suggesting operational or cost improvements. A continued trend of shrinking losses can reflect improving unit economics, making a path to break-even more plausible if revenue growth and scale follow over the medium term.

Bears Say

Very Small And Shrinking RevenueTTM revenue of roughly $0.54M and ongoing decline indicate minimal scale and weak market traction. A small, shrinking top line limits operating leverage, constrains investment in distribution and product development, and makes achieving sustainable profitability materially harder.

Negative Gross Profit / Selling Below CostNegative gross profit means core products are currently sold below cost, showing fundamentally unsound unit economics. Without structural changes to pricing, sourcing or production, the company cannot generate margins to cover overhead, forcing persistent external funding or business model changes.

Highly Stressed Balance SheetNegative shareholders' equity combined with rising debt creates a structurally weak balance sheet that limits financing options. This increases refinancing and dilution risk, restricts the ability to invest in scale, and raises the probability of distress or restructuring absent sustained profitability.

Modern Meat News

Modern Plant Based Foods Initiates $230,000 Private Placement

Modern Meat ( ($TSE:MEAT) ) has issued an update. Modern Plant Based Foods Inc. has announced a non-brokered...

9M ago

Modern Meat Expands into Plant-Based Pet Food Market

Modern Meat (TSE:MEAT) has released an update. Modern Plant Based Foods has completed the acquisition of AnimalKind, a...

1y ago

Modern Meat Eyes Growth with $500K Private Placement

Modern Meat (TSE:MEAT) has released an update. Modern Plant Based Foods Inc. has announced a non-brokered private placement...

1y ago

Modern Foods to Acquire AnimalKind Assets

Modern Meat (TSE:MEAT) has released an update. Modern Plant Based Foods Inc., a Canadian company specializing in plant-based...

2y ago

MEAT FAQ

What was Modern Meat’s price range in the past 12 months?

Modern Meat lowest stock price was C$0.02 and its highest was C$0.20 in the past 12 months.

What is Modern Meat’s market cap?

Modern Meat’s market cap is C$1.76M.

When is Modern Meat’s upcoming earnings report date?

Modern Meat’s upcoming earnings report date is May 04, 2026 which is in 76 days.

How were Modern Meat’s earnings last quarter?

Currently, no data Available

Is Modern Meat overvalued?

According to Wall Street analysts Modern Meat’s price is currently Overvalued. Get more investment ideas with TipRanks Premium

Does Modern Meat pay dividends?

Modern Meat does not currently pay dividends.

What is Modern Meat’s EPS estimate?

Modern Meat’s EPS estimate for its next earnings report is not yet available.

How many shares outstanding does Modern Meat have?

Modern Meat has 14,703,628 shares outstanding.

What happened to Modern Meat’s price movement after its last earnings report?

Currently, no data Available

Which hedge fund is a major shareholder of Modern Meat?

Currently, no hedge funds are holding shares in TSE:MEAT

What is the TipRanks Smart Score and how is it calculated?

Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

Company Description

Modern Meat

Modern Plant Based Foods Inc., a food company, develops and distributes plant-based meat alternative products in Canada and the United States. The company offers plant-based products, including meat and dairy-free alternatives, soups, and vegan snacks under the Modern Meat, KitsKitchen, Snacks From The Sun, and Modern Wellness Bar brands. It offers its products through retail supermarkets, natural grocers, and independents, as well as e-commerce platforms. The company was formerly known as Modern Meat Inc. and changed its name to Modern Plant Based Foods Inc. on February 2021. Modern Plant Based Foods Inc. is headquartered in Vancouver, Canada.