The Very Good Food Company Concludes a Successful First Trading Day on the CSE Under the Ticker Symbol VERY

Vancouver, British Columbia--(Newsfile Corp. - June 19, 2020) -  The Very Good Food Company Inc. (CSE: VERY) ("VGF" or the "Company") is pleased to announce the successful completion of its first day trading as a public company. Over two million shares were traded on the initial debut, with a resulting significant increase in the share price.

Message from the CEO

"We were very pleased to see investors welcome our company to the public markets with open arms. After months of preparation for our public listing, we can all breathe a sigh of relief as the results of our first day truly exceeded our expectations. We are humbled to see customers become shareholders, as they look to align themselves with our vision. Yet, our work is far from done and we are focused on seizing on our momentum to grow the Very Good brand into a global leader in the plant-based food technology industry."

Future Growth Initiatives

At present the Company is working to expand distribution and increase sales across all channels. The Victoria production facility will continue to be optimized to increase throughput and reach its maximum capacity, while the Vancouver facility commences construction. As we move forward VGF remains committed to delivering excellent customer service and maintaining its industry leading product quality standards.

Plant-based Food Market

According to the Plant Based Foods Association, it is estimated that the global plant-based meat market will increase from $10 billion annually to over $30 billion annually by 2026, with a compound annual growth rate of 14.8% as consumers continue to show an increasing appetite for plant-based products. The Very Good Food Company is well-positioned to capitalize on the increasing demand for plant-based meat alternatives.

About The Very Good Food Company

The Very Good Food Company Inc. is an emerging plant-based food technology company that designs, develops, produces, distributes and sells a variety of plant-based meat and other food alternatives. Our mission is to employ plant-based food technology to create products that are delicious while maintaining a wholesome nutritional profile. To date, we have developed a core product line under The Very Good Butchers brand.

For further information, please contact:

Mitchell Scott
Chief Executive Officer and Director
Phone: +1 855-472-9841
Email: invest@verygoodbutchers.com

Forward-Looking Information

Certain information contained in this news release may constitute forward-looking information under applicable securities laws including, but not limited to, statements related to the Company's perceived current momentum and plans of becoming a global leader in food technology, the Company's plans to expand distribution and sales across all channels, the anticipated timing for commencement of construction of the Vancouver facility and the Company's ability to capitalize on the increasing demand for plant-based meat alternatives. This information is based on management's reasonable assumptions and beliefs in light of the information currently available to it and are made as of the date of this news release. However, the Company does not undertake to update any such forward-looking information whether as a result of new information, future events or otherwise, except as required under applicable securities laws in Canada. 

Actual results and the timing of events or developments may differ materially from those expressed or implied in the forward-looking information as a result of various risks, uncertainties and other factors, including, without limitation, those described in the "Risk Factors" section of the Prospectus such as negative cash flow and future financing requirements to sustain operations, limited history of operations and revenues and no history of earnings or dividends, competition, economic changes and the impact of and risks associated with the ongoing COVID-19 pandemic. A copy of the Prospectus can be accessed under VGF's profile on the System for Electronic Document Analysis and Retrieval ("SEDAR") at www.sedar.com. We caution that the list of risk factors and uncertainties is not exhaustive and other factors could also adversely affect our results. Readers are urged to consider the risks, uncertainties and assumptions carefully in evaluating the forward-looking information and are cautioned not to place undue reliance on such information.

Not for dissemination in the United States or for distribution to U.S. newswire services

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/58204

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