Modern Plant Based Foods Inc. (MDRNF) Stock Analysis
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Modern Plant Based Foods Inc. (MDRNF) trades at $0.072 with AI Score 39/100 (Grade D). Modern Plant Based Foods Inc. develops and distributes plant-based meat alternatives, soups, and snacks in Canada and the United States. Sector: Consumer defensive.
Price as of Jul 21, 2026 · Last analyzed: Mar 16, 2026Analyst Coverage for MDRNF: MDRNF does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates MDRNF against Consumer Defensive peers across nine fundamental dimensions and assigns an underweight signal based on the underlying data.
MDRNF: 3/3 scored disciplines lean bearish. Dominant signal: Izzy Englander bullish.
How is this calculated? →Why this analysis is different
- A 9-signal quantitative MoonshotScore built from filings, insider activity, and market data — computed from the numbers, not from opinion.
- An AI Council read across up to eight perspectives — value, macro, quantitative, and momentum lenses — that shows where they disagree instead of averaging the tension away.
- Figures come straight from FMP and Yahoo Finance filings data. The AI writes the narrative around the numbers — it never edits the numbers.
Modern Plant Based Foods Inc. (MDRNF) Consumer Business Overview
Modern Plant Based Foods Inc. operates in the competitive plant-based food sector, offering meat and dairy-free alternatives, soups, and vegan snacks under brands like Modern Meat and KitsKitchen. The company distributes its products through retail and e-commerce channels in Canada and the United States, facing challenges in a rapidly evolving market.
What Is the Investment Thesis for MDRNF?
Modern Plant Based Foods Inc. operates in the high-growth plant-based food sector, but faces significant challenges. The company's negative profit margin of -96.1% and gross margin of -12.0% indicate substantial operational inefficiencies. A high beta of 5.43 suggests high volatility relative to the market. Growth depends on successful brand building, efficient distribution, and cost management. Investors should closely monitor the company's ability to improve profitability and gain market share in a competitive landscape. Key catalysts include expanding distribution networks and launching innovative products. However, the company's OTC listing and financial metrics present considerable risks.
Based on FMP financials and quantitative analysis
MDRNF Key Highlights
- Market capitalization of $0.00B reflects the company's small size and early stage of development.
- P/E ratio of -2.99 indicates the company is currently unprofitable.
- Negative profit margin of -96.1% highlights significant challenges in achieving profitability.
- Gross margin of -12.0% suggests the company's cost of goods sold exceeds its revenue.
- High beta of 5.43 indicates the stock is significantly more volatile than the overall market.
Who Are MDRNF's Competitors?
MDRNF is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| PNGAF Pangea Wellness Inc. | $0.33 | +1.55% | $5.00M | 65 |
| WYGC Wenyuan Group Corp. | $0.16 | +0.00% | $13.2M | 60 |
| BRCNF Burcon NutraScience Corporation | $1.38 | +1.47% | $17.5M | 59 |
| JVA Coffee Holding Co., Inc. | $3.45 | -0.29% | $19.7M | 73 |
| ZHYBF Zhong Yuan Bio-Technology Holdings Limited | $2.02 | +0.00% | $35.8M | 64 |
| BUBSF Bubs Australia Limited | $0.08 | +0.00% | $69.2M | 53 |
| LFVN LifeVantage Corporation | $6.40 | +2.24% | $80.7M | 76 |
| FTLF FitLife Brands, Inc. | $10.58 | -3.82% | $99.4M | 59 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are MDRNF's Key Strengths?
- Diverse brand portfolio including Modern Meat and KitsKitchen.
- Distribution network in Canada and the United States.
- Focus on plant-based meat and dairy alternatives.
- Presence in retail supermarkets and natural grocers.
What Are MDRNF's Weaknesses?
- Negative profit margin and gross margin.
- Limited brand recognition compared to larger competitors.
- High beta indicating high stock volatility.
- OTC market listing.
What Could Drive MDRNF Stock Higher?
- Expansion of distribution partnerships with major retailers.
- Development of new plant-based product lines.
- Increased marketing efforts to enhance brand awareness.
What Are the Key Risks for MDRNF?
- Financial-distress signal — its Altman Z-Score of -47.43 sits in the distress zone (elevated bankruptcy risk).
- Weak fundamentals — a Piotroski F-Score of 1/9 flags soft profitability, leverage or efficiency.
- Intense competition in the plant-based food industry.
- Fluctuations in raw material costs affecting profitability.
- Negative consumer perception of plant-based alternatives.
- Limited financial resources and high debt levels.
- Regulatory changes impacting the food industry.
What Are the Growth Opportunities for MDRNF?
- Expansion of Distribution Channels: Modern Plant Based Foods can grow by expanding its distribution network to include more retail supermarkets, natural grocers, and independent stores across Canada and the United States. Leveraging e-commerce platforms can also enhance market reach. The plant-based food market is projected to reach $74.2 billion by 2027, providing a substantial opportunity for increased sales and market penetration. Timeline: Ongoing.
- New Product Development: Introducing innovative plant-based products, such as meat and dairy alternatives, soups, and vegan snacks, can attract new customers and increase sales. Focusing on unique flavors, nutritional benefits, and sustainable ingredients can differentiate the company from competitors. The global vegan food market is expected to grow at a CAGR of 9.6% from 2020 to 2027. Timeline: Ongoing.
- Strategic Partnerships: Forming strategic partnerships with food service providers, restaurants, and catering companies can expand the company's reach and increase brand awareness. Collaborating with influencers and health and wellness experts can also drive sales and build credibility. The food service market represents a significant opportunity for plant-based food companies. Timeline: Ongoing.
- Brand Building and Marketing: Investing in brand building and marketing efforts can increase brand awareness and customer loyalty. Utilizing social media, content marketing, and public relations can effectively reach target audiences. A strong brand can differentiate the company from competitors and command premium pricing. Timeline: Ongoing.
- International Expansion: Expanding into new international markets can drive long-term growth. Focusing on regions with a high demand for plant-based foods, such as Europe and Asia, can provide significant opportunities. Adapting products to local tastes and preferences is crucial for success. The global plant-based food market is expected to grow significantly in the coming years. Timeline: Future.
What Opportunities Does MDRNF Have?
- Expansion of distribution channels.
- New product development and innovation.
- Strategic partnerships with food service providers.
- Growing demand for plant-based foods.
What Threats Does MDRNF Face?
- Intense competition in the plant-based food industry.
- Fluctuations in raw material costs.
- Changing consumer preferences.
- Economic downturn affecting consumer spending.
What Are MDRNF's Competitive Advantages?
- Brand portfolio including Modern Meat, KitsKitchen, and Snacks From The Sun.
- Distribution network across Canada and the United States.
- Focus on developing innovative plant-based food products.
What Does MDRNF Do?
Modern Plant Based Foods Inc., formerly known as Modern Meat Inc., was rebranded in February 2021 to reflect its broader focus on plant-based products. The company develops, markets, and distributes a range of plant-based meat and dairy alternatives, soups, and vegan snacks. Its brand portfolio includes Modern Meat, KitsKitchen, Snacks From The Sun, and Modern Wellness Bar. Modern Meat focuses on meat alternatives, while KitsKitchen offers plant-based soups, and Snacks From The Sun provides vegan snacks. The company aims to cater to the growing demand for plant-based options among health-conscious consumers. Modern Plant Based Foods distributes its products through a network of retail supermarkets, natural grocers, independent stores, and e-commerce platforms, targeting both the Canadian and United States markets. Headquartered in Vancouver, Canada, the company seeks to establish a strong presence in the expanding plant-based food industry.
What Products and Services Does MDRNF Offer?
- Develops plant-based meat alternatives.
- Distributes plant-based dairy-free alternatives.
- Offers plant-based soups under the KitsKitchen brand.
- Provides vegan snacks under the Snacks From The Sun brand.
- Markets products through retail supermarkets.
- Sells products through natural grocers and independent stores.
- Utilizes e-commerce platforms for direct-to-consumer sales.
How Does MDRNF Make Money?
- Develops and manufactures plant-based food products.
- Distributes products through retail and online channels.
- Generates revenue through sales of plant-based food products.
What Industry Does MDRNF Operate In?
Modern Plant Based Foods operates within the rapidly expanding plant-based food industry, driven by increasing consumer awareness of health, environmental, and ethical concerns. The market includes established players and emerging startups, creating a competitive landscape. Key trends include the development of innovative plant-based products, expansion of distribution channels, and increasing investment in research and development. Competitors include companies like AMNC, BLEG, CULTF, GSFD, and JAMN, all vying for market share in this evolving sector.
Who Are MDRNF's Key Customers?
- Health-conscious consumers seeking plant-based alternatives.
- Vegan and vegetarian consumers.
- Retail supermarkets and grocery stores.
- Natural grocers and independent stores.
ROE 31%Key Financial Metrics
Return on equity for Modern Plant Based Foods Inc. stands at 31.2%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is -53.0%, showing how much profit it generates from its asset base. Its free cash flow yield is -50.6%, a gauge of the cash the business throws off relative to its market value. A current ratio of 0.07 means current liabilities exceed short-term assets, a liquidity point worth watching. Its earnings yield is -59.0%, the inverse of the P/E and a quick read on earnings relative to price.
How Modern Plant Based Foods Inc. Is Valued
Relative to its peer group, MDRNF's quantitative score of 39/100 is below the peer average of 64/100.
F-Score 1/9Financial Health
Modern Plant Based Foods Inc.'s Piotroski F-Score is 1/9, a 9-point checklist of profitability, leverage and efficiency — flagging fundamental weakness worth scrutiny. Its Altman Z-Score of -47.43 places it in the distress zone, a signal of elevated financial risk.
MDRNF Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Recent insider buying indicates confidence in the company's growth potential, suggesting that leadership believes in a positive future.
- Community sentiment has shifted positively, with increased discussions around plant-based diets boosting interest in the brand.
- Innovative product launches have garnered attention, aligning with the growing consumer demand for sustainable food options.
- Partnerships with retailers are expanding, enhancing market accessibility and visibility for Modern Plant Based Foods.
Bear Case
- Supply chain challenges have been highlighted, raising concerns about the company's ability to meet rising demand in a timely manner.
- Market perception remains cautious as competition in the plant-based sector intensifies, potentially impacting market share.
- Some community members express skepticism regarding the scalability of production processes, which could hinder growth.
- Recent earnings reports have not met expectations, leading to bearish sentiment among certain investor groups.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · April 2026
MDRNF Latest News
No recent news available for MDRNF.
MDRNF Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for MDRNF.
Price Targets
Wall Street price target analysis for MDRNF.
MDRNF MoonshotScore
What does this score mean?
The MoonshotScore rates MDRNF 0-100 on quantitative fundamentals — growth, financial health, valuation, momentum, and risk.
Leadership: Avtar Dhaliwal
CEO
Avtar Dhaliwal is the Chief Executive Officer of Modern Plant Based Foods Inc. His background includes experience in business management and operations. Prior to his role at Modern Plant Based Foods, Dhaliwal held various leadership positions in different sectors, focusing on strategic growth and market development. His expertise lies in driving business expansion and enhancing operational efficiency.
Track Record: Since assuming the role of CEO, Avtar Dhaliwal has focused on expanding the company's product line and distribution network. Key initiatives include rebranding efforts and strategic partnerships to increase market presence. The company has faced challenges in achieving profitability, but Dhaliwal has emphasized innovation and operational improvements to drive long-term growth.
MDRNF OTC Market Information
The OTC Other tier represents the lowest tier of the OTC market, indicating that Modern Plant Based Foods Inc. may not meet the minimum financial standards or reporting requirements of higher tiers like OTCQX or OTCQB. Companies in this tier may have limited financial disclosure and may not be subject to the same level of regulatory oversight as companies listed on major exchanges like the NYSE or NASDAQ. This tier is often associated with higher risk and greater potential for volatility compared to listed stocks.
- OTC Tier: OTC Other
- Limited financial disclosure and transparency.
- Lower trading volumes and liquidity.
- Potential for price manipulation and fraud.
- Higher risk of delisting or suspension of trading.
- Limited regulatory oversight.
- Verify the company's financial statements and SEC filings (if any).
- Research the company's management team and their track record.
- Assess the company's business model and competitive landscape.
- Evaluate the company's cash flow and debt levels.
- Check for any legal or regulatory issues.
- Monitor trading volume and price volatility.
- Consult with a financial advisor.
- Company has been in operation for several years.
- Presence of a functional website and investor relations page.
- Availability of some press releases and company updates.
- Active in the plant-based food sector, which has growing investor interest.
- CEO with prior business experience.
What Investors Ask About Modern Plant Based Foods Inc. (MDRNF) — Consumer Defensive
What does the AI Score mean for MDRNF?
MDRNF holds an AI Score of 39/100 (Grade: D). This is an educational research signal, not a buy or sell recommendation. Modern Plant Based Foods Inc. develops and distributes plant-based meat alternatives, soups, and snacks in Canada and the United States. The company's products are available through retail …
What does Modern Plant Based Foods Inc. do?
Modern Plant Based Foods Inc. develops and distributes plant-based meat and dairy alternatives, soups, and vegan snacks. The company operates under the brands Modern Meat, KitsKitchen, Snacks From The Sun, and Modern Wellness Bar. These products are sold through retail supermarkets, natural grocers, independent stores, and e-commerce platforms in Canada and the United States. The company aims to capitalize on the growing consumer demand for plant-based food options.
What do analysts say about MDRNF stock?
As of 2026-03-16, there is no readily available analyst coverage specifically for MDRNF stock due to its OTC listing and small market capitalization. Investors should conduct their own thorough research and consider the company's financial metrics, growth prospects, and risk factors before making any investment decisions. Key valuation metrics include the negative P/E ratio and profit margin, which indicate current unprofitability.
What are the main risks for MDRNF?
The main risks for Modern Plant Based Foods Inc. include intense competition in the plant-based food industry, fluctuations in raw material costs, and the company's current lack of profitability. Additionally, the OTC listing presents risks related to liquidity, transparency, and regulatory oversight. Investors should also consider the potential for changing consumer preferences and the impact of economic downturns on consumer spending.
What are the key factors to evaluate for MDRNF?
Modern Plant Based Foods Inc. (MDRNF) holds an AI score of 39/100 (low). Not financial advice.
How frequently does MDRNF data refresh on this page?
MDRNF's price was last updated on Jul 21, 2026 and refreshes on page view during U.S. market hours — it is not a real-time exchange feed. Fundamentals update after quarterly filings; the MoonshotScore recalculates nightly; news aggregates continuously.
What has driven MDRNF's recent stock price performance?
Modern Plant Based Foods Inc. (MDRNF) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Diverse brand portfolio including Modern Meat and KitsKitchen. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider MDRNF overvalued or undervalued right now?
Modern Plant Based Foods Inc. (MDRNF) has no trailing P/E available here, so lean on price-to-sales and cash flow in the Financials tab. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
How do I research MDRNF before investing?
Before investing in Modern Plant Based Foods Inc. (MDRNF), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) analyst consensus ratings and price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Limited financial data available for comprehensive analysis.
- OTC market listing increases investment risk.