BENSALEM, Pa., Jan. 06, 2021 Law Offices of Howard G. Smith reminds investors that class action lawsuits have been filed on behalf of shareholders of the
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Plant protein company Impossible Foods Inc is cutting wholesale prices by nearly 15% as the demand for its products rises, the company announced Wednesday.
What Happened: The California-based company has cut the prices for distributors for the second time in a year and asked them to pass the savings to both restaurants and customers.
After the latest price cut, a likely price for the Impossible Burger would be $6.80 per pound. Ground beef is priced at $2 to $3 per pound for low fat and non-organic varieties, according to the United States Department of Agriculture.
CEO Patrick Brown said the price cut is “not the last.”
Restaurant Brands Int l (NYSE:QSR) - Burger King Undergoes Regal Redesign: Will It Impress Customers? benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.