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Shares of Beyond Meat rose as much as 16 per cent on Wednesday after Restaurant Brands International Inc’s coffee chain Tim Hortons said it had launched breakfast sandwiches with the vegan burger marker’s plant-based sausages.

Tim Hortons said it is testing the vegan market as demand for vegan alternatives grows in Canada.

See also: Tim Hortons testing Beyond Meat breakfast sandwiches, while parent company plans expansion

Beyond Meat’s shares have nearly doubled since its debut on the Nasdaq earlier this month, taking its market capitalization to $5.35 billion at a high of $91.80.

German discount supermarket chain Lidl in a statement on Wednesday said it would be the country’s first grocery chain to offer Beyond Meat burgers during a trial period starting May 29.

“We very much look forward to seeing the response to our campaign,” the company said.

Beyond Meat’s burgers and sausages are also featured on U.S. fast-food restaurant Carl’s Jr’s menu.

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Tickers mentioned in this story

Study and track financial data on any traded entity: click to open the full quote page. Data updated as of 13/06/24 4:00pm EDT.

SymbolName% changeLast
BYND-Q
Beyond Meat Inc
-3.4%6.81
QSR-T
Restaurant Brands International Inc
+0.73%95.24

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