Tattooed Chef, Inc. Overview
Pro stress-test →Tattooed Chef, Inc. is a plant-based food company that produces and sells a portfolio of frozen foods, supplying plant-based products to retailers in the United States. The company offers ready-to-cook bowls, zucchini spirals, riced cauliflower, acai and smoothie bowls, cauliflower crust pizza, wood fire crusted pizza, handheld burritos, and bars and quesadillas.
Strategic Profile
Pro stress-test →Once positioned at the forefront of the plant-based frozen food revolution, Tattooed Chef represents a significant case study in the volatility of SPACs and challenges of the plant-based sector. The company filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Central District of California on July 2, 2023. Following financial setbacks and failure to maintain NASDAQ listing requirements, the company was delisted with ticker symbol changed from TTCF to TTCFQ, signifying its move to the Over-the-Counter (OTC) market.
Competitive Landscape
Pro stress-test →Before financial collapse, Tattooed Chef had presence in over 20,000 retail locations and pursued a vertically integrated 'farm-to-table' model sourcing from Italy and US, but this model proved too capital-intensive during rising interest rates and tightening capital markets. Direct competitors in plant-based frozen foods space include SimplyBalance, MorningStar Farms (Kellogg Company), and Lightlife (Maple Leaf Foods).
Industry Context
Tattooed Chef, Inc. operates in Plant-based frozen foods manufacturing.
Key facts
Founded: 2018 · Headquarters: Paramount, US · Employees: N/A · Revenue: N/A · Market cap: $13.22M