New Trade for September 9th, 2020

Futures are pointing to a rebound after a brutal three-session plunge.  Yesterday alone the Nasdaq lost 4%, sinking into 10% correction territory from last week’s record breaking high, but this morning futures do point to a bounce. The big-tech stocks that lead the way down could recover some of the losses today.  Only time will tell if this morning’s gains will stick.  

Today we are highlighting one company making waves in plant-based foods through a recent merger. On June 12, 2020 Forum Merger II Corp. (FMCI) and Ittella International jointly announced that they entered into a definitive merger agreement to combine with Itella to form Tattooed Chef, Inc. 

The Tattooed Chef is a plant-based food and lifestyle brand with a focus on using sustainably sourced ingredients to offer a true farm to table product range.  The company is still in its early stages of expansion, but has big plans to up the standard for plant based foods.  On August 24th, Tattooed Chef Appointed Charles F. Cargile, former CEO at Sunworks Inc, as CFO for the company.  

FMCI share price is up 124% YTD, but  there could be plenty of runway left for FMCI as Tattooed Chef grows and expands its reach and product range.