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Beyond Meat surges after coffee chain Tim Hortons launches vegan sandwiches


Reuters

CORRECTED-Beyond Meat surges after coffee chain Tim Hortons launches vegan sandwiches


May 15 (Reuters) - Shares of Beyond Meat rose as much as 16% on Wednesday after Restaurant Brands International Inc's coffee chain Tim Hortons said it had launched breakfast sandwiches with the vegan burger marker's plant-based sausages.

Tim Hortons said it is testing the vegan market as demand for vegan alternatives grows in Canada.

Beyond Meat's shares have nearly doubled since its debut on the Nasdaq earlier this month, taking its market capitalization to $5.35 billion at a high of $91.80.

"We very much look forward to seeing the response to our campaign," the company said.

Beyond Meat's burgers and sausages are also featured on U.S. fast-food restaurant Carl's Jr's menu.






This article appears in: Stocks , Technology , Commodities
Referenced Symbols: BYND



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