STARTUP SHAKEN THINGS UP THE
COMPANY CREW MILK MADE FROM
PEAS IS READY TO GROW AT 6.5
MILLION DOLLARS IN
NEW FUNDING. SPROUT EXPANDING
INTO 50 MARGOT'S IN JUST 2
YEARS, INCLUDING THE U.S. HAS
PLANT BASED PRODUCTS
TAKE OFF. JOINING US NOW
NICHOLAS JOHN BERCOW FOUNDER
AND CHAIRMAN OF THE BOARD
AT BROWN NICHOLAS WELCOME TO
SHOW SUCH A GREAT
TOPIC AYE I WANT TO KNOW MORE
ABOUT P BASED MILK AND HOW DOES
IT COMPARE TO OTHER VARIETIES
LIKE DAIRY AND OAT SO POPULAR
THESE DAYS.
>> WELL THANK YOU VERY MUCH FOR
HAVING ME I'M SUPER EXCITED TO
BE HERE AS PROUD IS A
PLANT-BASED MILK
A LOT OF PEACE AND WE MADE THAT
BECAUSE IT'S SIMPLY THE
BEST TASTING AND MILK OUT THERE
THAT'S GOOD FOR THE
ENVIRONMENT, IT'S GOOD FOR THE
PLANET IT TURNS THAT IMPACT
ON THE CLIMATE BY BY BEING
PLANT BASED ON IT HAS THE
PROFILE CASE JUST
REGULAR MILLAGE.
>> IT I WAS GOING TO ASK THAT
WAS MY NEXT QUESTION HOW DOES
SAYS IT TASTE LIKE REGULAR MILK
IN YOUR OPINION.
>> I HAVE TO TRY PENNIES VERY
IS VERY CLOSE JUST A LITTLE
BIT BETTER.
>> OKAY ALL WE'LL DEFINITELY
TRY IT OUT CONGRATULATIONS TO
THE NEW FUNDING ROUND WHEN YOU
PLAN TO DO WITH THAT.
>> WELL THANK YOU VERY WE PLAN
ON IT.
>> INVESTING THE MONEY IN
BUILDING
AN ORGANIZATION. US IS IN FOCUS
WE NEED TO GET SPROUT OUT TO
MORE PEOPLE WE NEED TO BE MORE
STORES MEET NEW MORE CONSUMERS
AND BE ABLE TO GET MORE PEOPLE
TO TRY SPROUTS SO WE'RE JUST
ABOUT MORE MARKETING AT BIGGER
ORGANIZATION AND US IS IN
FOCUS.
>> YOU'RE COMING TO US LIVE
FROM SWEDEN. I'M SO CURIOUS
SIR, NICHOLAS COMPARED TO OTHER
MARKETS YEAR IN HOW TO AMERICAN
CONSUMERS COMPARE.
>> WELL WE JUST LOST IN THE
U.S. WERE PRETTY NEW IN
THE U.S.. THERE IT JUST LIKE
YEAH IN SWEDEN, I WOULD SAY
THERE'S A IS INTEREST IN HEALTH
YOUR PERSONAL HEALTH AND AND
ALSO A STRONG INTEREST OF
KEEPING THE
A LIVE AND LET HIM BEING YOU
KNOW CAUTIOUS ABOUT YOUR
CHOICES WENT WHAT WHAT WHAT YOU
EAT AND WHAT YOU'RE DRINKING IN
ORDER TO SO DO THE BEST WHAT'S
WHAT'S GOOD FOR THE CLIMATE SO
I WOULD SAY THAT THAT'S PRETTY
SIMILAR SWEDEN VERSUS THE U.S.
OF COURSE YOU
IS EASY. AGAIN THINK MARKET IS
MUCH MORE BIG MUCH BIGGER
THAN SWEDEN AND WE JUST SEE A
REALLY SUPER EXCITED TO MEET
THAT THE USGA CONSUMERS.
>> YOU MENTION CLIMBING, THE
FACT IS THAT ONE OF
THE REASONS THE MAIN REASON YOU
THINK PLANT BASED PRODUCTS HAVE
BEEN HAVE SEEN SUCH A SURGE IN
POPULARITY ALL AROUND THE
WORLD.
>> YEAH, I DO THINK I MEAN ON
THE PERSONAL LEVEL, THE.
THE BIGGEST CHANGES YOU CAN
MAKE IN ORDER TO TO TO BE MORE
CLIMATE-FRIENDLY IS IS IS TO TO
NAVIGATE AND.
>> TOWARDS MORE PLANT-BASED
DIET AND AND THE PIANIST WHICH
WE MAKE OUR PRODUCTS FROM IS IS
JUST EXTRAORDINARY
IS
REALLY IT. HE WOULD CRY JUST A
SMALL AMOUNT OF WATER IN ORDER
TO GROW IT AND IT'S GIVING
NUTRIENTS BACK TO THE SOIL AND
THE EARTH SO IT'S IT'S A VERY
CROP.
>> THAT ACTUALLY SOUNDS VERY
FRIENDLY CROP AS WE WERE
RESEARCHING YOUR COMPANY, WE
KNOW THERE'S A HIGH DEMAND FOR
PEA PROTEIN AND MEAT
ALTERNATIVES AND OF COURSE
THOSE PROTEIN PRODUCTS. HOW
DOES THAT IMPACT YOUR
PRODUCTION COSTS NICHOLAS.
>> WELL OF COURSE I MEAN THAT
YOU HAVE THE YOUNG MEAT AND
YOUNGER GOOD. THEY USE IS
PRETTY MUCH THE SAME
INGREDIENTS AS WE DO SETS OF
COURSE, BUT THERE'S A THERE'S A
AN EXTREME RISE IN.
>> IN
>> BOTH DEMAND AND SUPPLY FOR
FOR PEA PROTEIN, SOME SO WHERE
WE'RE GOOD WE'RE COVERED FOR 4
HOUR AND WE'RE READY TO GROW ON
OUR MARKETS.
>> THAT WAS MY LAST
QUESTION FOR YOU WHAT IS THE
NEXT STEP IN THE NEW PRODUCTS
AND IPO ON THE HORIZON WHEN YOU
THINKING.
>> WELL NEW PRODUCTS
FOR SURE YOU KNOW I DON'T WANT
LITTLE BIT EARLY TO SAY, BUT WE
I MEAN WHERE PLANT-BASED DAIRY
COMPANY WE
A CHIP SPROUT MILKS AT THE
MOMENT WE'RE GOING TO GROW INTO