Chipotle Shares Skyrocket With Non-GMO Commitment

Talk of price increases next year lift Chipotle stock as they make a commitment to switch GMO foods for non-GMO foods.  You can read the full story here.

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Robyn O’Brien brilliantly asks on her Facebook page, “At what point does it become the fiduciary duty of execs at the big food companies to dump GMOs, if the jump in Chipotle’s share price to record highs is an indication of how the market feels about this?”

Next up in GMO news is Washington State’s opportunity to follow Connecticut and Vote Yes on prop 522 to label genetically modified foods (read more here).  While Monsanto and Dupont are pouring in millions (read here) to fight against the labeling measure.

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4 responses

  1. I’m one Washingtonian who will be passionately voting for labeling GMO foods this week! But I didn’t know this about Chipotle–thanks for sharing!

    • I am so sorry that I-522 didn’t pass. It was almost identical to California’s failed Prop 37 ballot initiative, which I voted for. The fight is moving to Oregon, where people plan on getting an initiative on the ballot next year. Poll after poll shows that the American people want GMO foods to be labeled. Unfortunately, Monsanto and other biotech companies are able to pour great quantities of money into opposing ballot initiatives and then they wind up failing. Perhaps the best way to obtain GMO labeling is to do what Connecticut did and go through the state legislature.

  2. Pingback: What’s in your food? | Quality of Life

  3. Chipotle also announced that the Non GMO initiative would be accompanied by higher retail price points. Question is: how much of the spike is from a favorable view of healthier food, and how much is from the prospect of higher revenue? I know which one stockholders normally want to see.

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