CEO Fengru Lin said Turtle Tree Labs is avoiding work on commoditized offerings that have hurt other meat and dairy alternative producers.

In other beverage news, Bigelow Tea is constructing a new facility in Kentucky to meet the growing demand for its products.

CEO Jeff Harmening told Wall Street that the cereal maker is benefiting from consumers who are eating more often at home to save money.

It has been lauded by supporters as the next healthy superfood, with a positive impact on heart, gut and immune health.