Tim Hortons Unveils New Beyond Meat Breakfast Sandwiches

Tim Hortons Beyond Meat

"Canadians are looking to incorporate plant-based options into their diets, and we're thrilled to partner with Beyond Meat", Tim Hortons President Alex Macedo said in a press release.

On Tuesday, Restaurants Brand's Burger King said it will sell Impossible Food's patty in its Whopper sandwich at three new markets.

The plan is for Tim Hortons to put the Beyond Meat options on the menu at all locations coast to coast later this summer. But with its shares now trading for more than 50 times sales, investors may want to wait for a pullback in Beyond Meat's stock price before buying in to this sizzling recent IPO.

The goal requires RBI to add about 1,400 restaurants annually for the next decade, said chief operating officer Josh Kobza, and it opened over 1,300 new locations in each 2017 and 2018 - mostly Burger King stores.

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Los Angeles-based Beyond Meat's shares have almost doubled since their debut on the Nasdaq earlier this month, taking the company's market capitalization to $5.35 billion at a high of $91.80. The company's IPO is considered to be one of the more successful ones this year, greatly outperforming other tech companies such as the ill-fated ride-hailing firms Lyft and Uber.

The Beyond Meat Farmers Breakfast Wrap contains the plant-based patty, eggs, cheese, and hash browns. The company has managed to significantly increase its valuation since its debut, with most investors confident of its performance moving forward.

Beyond Meat shares skyrocketed when the company went public in early May, with shares soaring 163% on its first day of trading.

Beyond Meat also sells its products in supermarkets and at Amazon.com Inc's Whole Foods Market. The firm also partnered with German supermarket chain Lidl, which will also start carrying its products starting next month.

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