- Today we analyze Tattooed Chef's risk of bankruptcy leading into this inflation led recession. We also go over TTCF's earnings, balance sheet, cash flow, their SKU expansion pipeline, their recent acquisitions and odds of reaching profitability before having to dilute shareholders. 🔥
- TTCF is a leading plant-based food company in the United States with an estimated 11.4% market share. Their business model is based on pre-prepared frozen meals. Their products include, among others, ready-to-cook bowls, zucchini, riced cauliflower, and smoothie bowls. At the moment, Tattooed Chef is mostly present in Costcos, Walmarts, and Targets across the United States.
- TTCF recently close the acquisitions of two companies in the next few weeks. The transaction will make TTCF the owner of Karsten Tortilla Factory and Mexico Food Distributors, also referred as Foods of New Mexico. Founded in 1987, Foods of New Mexico is a food company that produces ready-to-eat Mexican food items for both retail and food service. The facility in Albuquerque currently produces Mexican foods including quesadillas, and burritos. The second facility in Karsten is a brand new facility that will enable TTCF to have extensive tortilla manufacturing capabilities. This acquisition allowed the company to diversify their product lines and significantly increase their manufacturing capabilities. At full capacity, TTCF believes Foods of New Mexico can contribute up to $200 million annually in revenue in the next two to three years and create significant value for their stakeholders.
