The value of shares that plant-based alt-meat maker Impossible Foods Inc. offers to employees has plunged since October 2021, according to a new report from Bloomberg.
The current offer is $1.67 per share, a decline of 89 per cent.
The makers of plant protein substitutes for meat have plunged across North America and Europe. On company in the United Kingdom recently collapsed, throwing 50 out of work.
Maple Leaf Foods Inc., which invested heavily to buy two companies and to build a large plant in the United States, recently said its expectations are now diminished to breaking even for the rest of this year.
