IPO FFF, page-20

my understanding is you are correct. And this is why I think that WOA deserves the premium it currently commands. If you look at the plant based products that FFF currently has in its portfolio, from what I can see they have established supply of a lot of the key ingredients that would go into a plant based burger. They have come to market with some very unique products such as apple flour for example. Nothing stopping them developing other unique products which may target the plant based meat space. This is where upside lies.

i also think the baby food products they intend to bring to market as having the ability to provide a step up in revenue.

interesting that the offer has closed a little earlier than intended