Beyond Meat extends its post-IPO tear to 550% after report of new 'ground beef' product (BYND)

• Beyond Meat shares are continuing their upward momentum following a report about a new ground beef product being released in grocery stores June 24. 
• Restaurant partnerships are becoming increasingly important for plant-based meat alternative companies. 
• Beyond stock traded higher after Tim Hortons announced its Beyond breakfast sandwiches were available in Canada. 
  Plant-based Beyond Beef is coming to grocery stores soon, boosting shares of Beyond Meat.
  Shares of Beyond Meat were up more than 10% in early trading Monday on news reported by CNN and confirmed by the company that a new ground beef product will be available at grocery stores starting June 24. The news continued the company's momentum from a report Friday that said restaurants such as Red Robin and White Castle had experienced Impossible Burger shortages. The new product is made from a combination of plants including pea protein, mung bean protein and brown rice proteins and is designed to have the same culinary versatility of ground beef - meaning it can be used for a variety of recipes such as meatballs and tacos...MORE