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Why Beyond Meat Stock Fell Today

Why Beyond Meat Stock Fell Today

Shares of Beyond Meat (NASDAQ: BYND) fell by 4% Monday after chief rival Impossible Foods said that it was expanding its retail distribution at Canadian grocery stores. The news came a little more than a year after Beyond Meat entered the Canadian market for plant-based meat substitutes. Impossible Foods will sell its flagship Impossible Burger at nearly 600 Sobeys locations; it's the second-largest grocery chain operator in Canada.