Komo Plant Based Foods Inc. (OTCMKTS:KOMOF) Stock Almost Doubled in a Week: But Why?

Komo Plant Based Foods Inc. (OTCMKTS:KOMOF) was up 18% and 95% in a week. The company has revealed that it is developing prototypes for new plant-based desserts.  Komo is working on the desserts in its R&D kitchen, employing wholesome and 100% plant-based ingredients to develop high-quality comfort favorites meant to make vegan eating easy and satisfactory.

In November of this year, the company intends to unveil the new sweets product line via a direct-to-customer platform. Komo’s objective is to launch the products locally to gain initial customer feedback on new innovations and concepts.  The feedback will help the company in ensuring its new products meet consumer expectations and verify the demand for other ideas.

Komo Plant-Based Comfort Foods CEO Jeffry Ma said that as a vegan, he noticed it’s challenging to get wholesome vegan products that are convenient and meeting the sweet craving. However, ma said they are looking forward to sharing their new products with current and new users. With a new product line, KOMOF is worth watching.

Market Reaction:

On Wednesday, KOMOF stock went up 18.56% at $0.1897 with more than 4.16 million shares, compared to its average volume of 369K shares. The stock has moved within a range of $0.1330 – 0.2207 after opening the trade at $0.1650.