Yep. In fact, in order to make it more meat-like, they added a chemical called "heme" (it's what makes meat seem "bloody"). There's evidence that heme is a carcinogen. And of course the burgers include large amounts of saturated fat in the form of coconut oil.

All that said -- it's probably no worse than a meat burger, but it doesn't hurt animals, and it doesn't contribute to global warming, so if the choice is between that and beef, go nuts!