The Very Good Food Company Announces CFO Transition
2021年12月9日 - 9:30PM
ビジネスワイヤ(英語)
The Very Good Food Company Inc. (NASDAQ: VGFC) (TSXV: VERY.V)
(FSE: 0SI) ("VERY GOOD" or the "Company"), a leading
plant-based food technology company, today announced the departure
of Kamini Hitkari as the Company’s Chief Financial Officer and
Corporate Secretary to pursue other opportunities.
“I would like to thank Kamini for her contributions to the
Company as we navigated our inaugural year as a publicly traded
company. We wish Kamini the best in her future endeavors,” said
Mitchell Scott, co-founder and CEO of the Company.
During this transitionary period, Ana Silva, the Company’s
President, has assumed the role of Chief Financial Officer and
Corporate Secretary on an interim basis. Prior to joining VERY GOOD
in January 2021, Ana served as Chief Financial Officer of Daiya
Foods Inc. for five years and oversaw a period in which Daiya was
ranked as the fastest growing plant-based food company in America
by SPINS.
A search by VERY GOOD is currently underway for a new Chief
Financial Officer.
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 and
Statements
This news release contains “forward-looking information” within
the meaning of applicable securities laws in Canada and
“forward-looking statements” within the meaning of the United
States Private Securities Litigation Reform Act of 1995, including
Section 21E of the Securities Exchange Act of 1934, as amended
(collectively referred to as “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 “plans”, “proposed”, “expects”,
“anticipates”, “intends”, “estimates”, “may”, “will”, and similar
expressions. Forward-looking information contained or referred to
in this news release includes statements relating, but not limited
to, the appointment of Ana Silva as interim Chief Financial Officer
and Corporate Secretary, and the search by the Company for a new
Chief Financial Officer. 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 no
significant disruptions in VERY GOOD’s supply chain and
distribution network including as a result of recent severe
flooding in British Columbia, continued strong demand for VERY
GOOD’s products, continued growth of the popularity of meat
alternatives and the plant-based food industry, the availability of
sufficient financing on reasonable terms to fund VERY GOOD’s
capital and operating requirements, the successful placement of
VERY GOOD’s products in retail stores and continued wholesale
expansion and eCommerce growth, VERY GOOD’s ability to successfully
enter new markets and manage its international expansion, VERY
GOOD’s ability to obtain the necessary production equipment, the
availability of labour as well as the accuracy of construction and
ramp-up schedules, including the timely receipt of required
permits, and accuracy of cost estimates for the commissioning of
production lines at VERY GOOD’s Rupert and Patterson facilities,
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,
availability of labour, 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 on Form F-10 filed with the
SEC and available 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 of this news release. VERY GOOD undertakes no obligation to
publicly update or revise any forward-looking information whether
as a result of new information, future events or otherwise, except
as otherwise required by law. 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/20211209005528/en/
For further information, please contact:
Mitchell Scott Chief Executive Officer The Very Good Food
Company Inc.
Kevan Matheson Corporate Communications and Investor Relations
Email: invest@verygoodbutchers.com Phone: +1 855-472-9841
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