The Very Good Food Company Appoints CPG & Food Service Industry Leader to Board of Directors in Advance of Anticipated NASDAQ Listing
2021年10月7日 - 8:00PM
ビジネスワイヤ(英語)
- VERY GOOD appoints independent director to its Board ahead of
anticipated Nasdaq listing.
- CPG and Food Service industry leader with global experience to
support VERY GOOD’s European expansion plans.
The Very Good Food Company Inc. (TSXV: VERY.V) (OTCQB: VRYYF)
(FSE: 0SI) ("VERY GOOD" or the "Company"), a leading
plant-based food technology company, today announced the
appointment of Justin Steinbach to its Board of Directors. Mr.
Steinbach is a global leader in the consumer and packaged goods
(“CPG”) and food service industries. Based in Europe for the past
10 years, Mr. Steinbach has worked with major food brands such as
Danone and Barilla where he currently serves as Global
Vice-President of Food Service for the Barilla Group, the world
leader in pasta. Prior to joining Barilla, he previously led global
sales development & marketing for Danone's Food Service
division and was responsible for building strategic global
partnerships with Starbucks, McDonald's and Subway.
“We are proud to welcome Justin to our Board of Directors,” said
Mitchell Scott, co-founder and CEO of The Very Good Food Company.
“Justin was previously a member of our Advisory Board, and through
his network and experience has been of tremendous value to the
team. His extensive global sales and marketing expertise in CPG and
food service especially in Europe will be immeasurable to us as we
execute our strategic growth plans. We look forward to continuing
to benefit from his many contributions to VERY GOOD.”
Mr. Steinbach’s appointment is effective immediately and expands
VERY GOOD’s Board to six directors. His position on the Board
supports VERY GOOD’s planned uplisting to the Nasdaq and corporate
governance requirements as he joins both the Compensation and Audit
Committees.
On October 6, 2021, VERY GOOD filed a shelf registration
statement on Form F-10 (the “Registration Statement”) with
the US Securities & Exchange Commission (“SEC”). The
Registration Statement, which has not yet become effective with the
SEC, includes an amended and restated base shelf prospectus (the
“Base Shelf Prospectus”) that has also been filed with the
applicable Canadian securities regulators. A copy of the
Registration Statement is available at www.sec.gov and a copy of
the Base Shelf Prospectus is available at www.sedar.com.
The listing of the Company's common shares (“Shares”) on
Nasdaq remains subject to the review and approval of the listing
application and the satisfaction of all applicable listing and
regulatory requirements, including approval of the Base Shelf
Prospectus and effectiveness of the Registration Statement. The
Company will continue to maintain the listing of its Shares on the
TSX Venture Exchange under the symbol "VERY."
This news release shall not constitute an offer of any of the
Company’s securities for sale in the United States, Canada or any
other jurisdiction, and no such securities may be offered or sold
in the United States absent registration or an exemption from
registration. Offerings of securities in the United States under
the Registration Statement will be made only after the Registration
Statement is declared effective by SEC. Any such offering will be
made by means of the Base Shelf Prospectus in the Registration
Statement, together with one or more prospectus supplements thereto
describing the specific terms of any such offering, that may be
obtained from the Company in connection with the applicable
offering. The Base Shelf Prospectus and any such prospectus
supplement will also contain detailed information about the Company
and management, as well as financial statements.
About The Very Good Food Company Inc.
The Very Good Food Company Inc. is an emerging plant-based food
technology company that produces nutritious and delicious
plant-based meat and cheese products under VERY GOOD's core brands:
The Very Good Butchers and The Very Good Cheese Co.
www.verygoodfood.com
OUR MISSION IS LOFTY, BADASS BUT BEAUTIFULLY SIMPLE: GET
MILLIONS TO RETHINK THEIR FOOD CHOICES WHILE HELPING THEM DO THE
WORLD A WORLD OF GOOD. BY OFFERING PLANT‑BASED FOOD OPTIONS SO
DELICIOUS AND NUTRITIOUS, WE’RE HELPING THIS KIND OF DIET BECOME
THE NORM.
Forward-Looking Information
This news release contains forward-looking information for the
purpose of providing information about management's current
expectations and plans relating to the future. Readers are
cautioned that reliance on such information may not be appropriate
for other purposes. Any such forward-looking information may be
identified by words such as "proposed", "expects", "intends",
"may", "will", and similar expressions. Forward looking information
contained or referred to in this news release includes statements
relating but not limited to Mr. Steinbach’s appointment to VERY
GOOD’s board of directors and the benefits to be derived therefrom,
VERY GOOD’s execution of strategic growth plans and European
expansion plans, the anticipated and planned listing of VERY GOOD’s
Shares on Nasdaq, the timing thereof and the ability to satisfy all
applicable listing and regulatory requirements (including, but not
limited to, satisfaction of Nasdaq’s minimum bid price
requirements, and approval of the Base Shelf Prospectus and
effectiveness of the Registration Statement), the benefits to be
provided to the Company by a Nasdaq listing, opportunities for VERY
GOOD's growth, VERY GOOD’s exposure to international investors and
the liquidity of its securities and any regulatory or other
approvals required in connection therewith. Forward-looking
information is based on a number of factors and assumptions which
have been used to develop such information, but which may prove to
be incorrect including, but not limited to, material assumptions
with respect to VERY GOOD’s ability to obtain a listing on Nasdaq,
the condition of capital markets, the availability of sufficient
financing on reasonable terms to fund VERY GOOD's capital and
operating requirements, the continued strong demand for VERY GOOD's
products, the successful placement of VERY GOOD’s products in
retail stores and continued e-Commerce growth, VERY GOOD’s ability
to successfully enter new markets and manage its international
expansion, VERY GOOD’s ability to increase production capacity and
obtain the necessary production equipment, the availability of
labour as well as the accuracy of construction schedules and cost
estimates for the commissioning of production lines at VERY GOOD’s
Rupert and Patterson facilities and the timely receipt of required
permits, VERY GOOD’s relationship with its suppliers, distributors
and third-party logistics providers, and the Company's ability to
position VERY GOOD competitively. Although the Company believes
that the expectations reflected in such forward-looking information
are reasonable, undue reliance should not be placed on
forward-looking information because VERY GOOD can give no assurance
that such expectations will prove to be correct. Risks and
uncertainties that could cause actual results, performance or
achievements of VERY GOOD to differ materially from those expressed
or implied in such forward-looking information include, among
others, the impact of, uncertainties and risks associated with the
ongoing COVID-19 pandemic, negative cash flow and future financing
requirements to sustain and grow operations, limited history of
operations and revenues and no history of earnings or dividends,
expansion of facilities, competition, availability of raw
materials, dependence on senior management and key personnel,
general business risk and liability, regulation of the food
industry, change in laws, regulations and guidelines, compliance
with laws, unfavourable publicity or consumer perception, product
liability and product recalls, risks related to intellectual
property, difficulties with forecasts, management of growth and
litigation. For a more comprehensive discussion of the risks faced
by VERY GOOD, please refer to VERY GOOD's most recent Annual
Information Form filed with Canadian securities regulatory
authorities at www.sedar.com and as an exhibit to the Registration
Statement filed with the SEC at www.sec.gov. The forward-looking
information in this news release reflects the current expectations,
assumptions and/or beliefs of the Company based on information
currently available. Any forward-looking information speaks only as
of the date on which it is made and, except as may be required by
applicable securities laws, VERY GOOD disclaims any intent or
obligation to update any forward-looking information, whether as a
result of new information, future events or results or otherwise.
The forward-looking information contained in this news release is
expressly qualified by this cautionary statement.
None of the Nasdaq, TSX Venture Exchange, the SEC or any other
securities regulator has either approved or disapproved the
contents of this news release. None of the Nasdaq, the TSX Venture
Exchange or its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange), the SEC or
any other securities regulator accepts responsibility for the
adequacy or accuracy of this news release.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20211007005340/en/
Mitchell Scott Chief Executive Officer The Very Good Food
Company Inc.
Kevin Matheson Corporate Communications and Investor Relations
Email: invest@verygoodbutchers.com Phone: +1 855-472-9841
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