Topic: How To Invest

Power Growth Investor Hotline – Friday, March 31, 2023

Article Excerpt

CHIPOTLE MEXICAN GRILL INC., $1,708.29, is a buy. The stock (symbol CMG on New York) lets you tap this Mexican restaurant chain, headquartered in Denver. The company is a fast-food leader charging slightly higher prices than its competitors but offering better quality food, including naturally raised meat. Last year, Chipotle created a new venture fund, Cultivate Next, which is aimed at providing early-stage investments to companies that align with its own mission. The initial size of the fund was $50 million and it’s solely financed by the chain. The fund will support early-stage companies that can help accelerate Chipotle’s strategic priorities, which include improving operations, amplifying technology, advancing its Food With Integrity mission and increasing convenience for consumers. Chipotle’s venture fund has just made another two investments. The first is San Mateo, California-based Zero Acre Farms, which aims to steer people away from vegetable oils, which it believes is a contributor to deforestation and carbon emissions. Zero Acre produces what it calls Cultured Oil—manufactured with…