Plant-Based Variety Pack with Seven of VERY
GOOD's Best-Selling Products Included in Listing
VANCOUVER, BC, Sept. 22,
2022 /CNW/ - The VERY GOOD Food Company
Inc. (NASDAQ: VGFC) (TSXV: VERY.V) (FSE: OSI) (VERY GOOD; or
the "Company") is pleased to announce that seven of its
best-selling Very Good Butchers products have become available for
sale online in a Variety Pack with a major, membership-only
wholesale chain. The arrangement significantly increases the
availability of VERY GOOD's natural, plant-based food products for
Canadian consumers.
The Variety Pack contains two packages of each product,
including the Taco Stuff'er, Very Good Pepperoni,
the award-winning mmm Meatballs, the Flippin Burger, Cajun
Sausage, Breakfast Sausage and the Bratwurst Sausage.
Parimal Rana, CEO of VERY GOOD,
commented: "Greater availability across diverse North American
venues is our strategic priority. Our Variety Pack with this
wholesaler will put our offering in front of a new audience and is
a great opportunity to acquaint consumers with The Very Good
Butchers clean, plant-based products."
This arrangement is aligned with the Company's strategy of
focusing its efforts on scaling wholesale and foodservice channels
while at the same time enabling the customers to continue to enjoy
the conveniences of online shopping by using this wholesaler's
online platform. The size and reach of this particular
wholesaler will increase the visibility of VERY GOOD's products
across Canada through this
arrangement.
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 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.
ON BEHALF OF THE VERY GOOD FOOD COMPANY INC.
Parimal Rana
Chief Executive Officer
Phone: 855 472-9841
Forward-Looking
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. 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, but is not limited to the new listing with the
major, membership-only wholesale chain including the product mix in
the Variety Pack being offered as well as the benefits the Company
expects to derive from the listing, including increased
availability of VERY GOOD's products and offering to a new
audience, and the Company's strategy of focusing its efforts on
scaling wholesale and foodservice channels. 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 the Company's ability to continue as a going
concern. The Company's ability to execute on its strategy may
also depend on the Company's ability to accurately forecast
customer demand for its products and manage its current and future
inventory levels, continued demand for VERY GOOD's products,
continued growth of the popularity of meat alternatives and the
plant-based food industry, no material deterioration in general
business and economic conditions, the successful placement of VERY
GOOD's products in retail stores and distribution in the food
service channel, the Company's ability to remain listed on the
Nasdaq, VERY GOOD's ability to successfully enter new markets, VERY
GOOD's ability to obtain necessary production equipment and human
resources as needed, VERY GOOD's relationship with its suppliers,
distributors and third-party logistics providers, and management'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 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,
competition, risks relating to the availability of raw materials,
risks relating to regulation on social media, expansion of
facilities, risks related to credit facilities, dependence on
senior management and key personnel, availability of labor, general
business risk and liability, regulation of the food industry,
change in laws, regulations and guidelines, compliance with laws,
risks related to third party logistics providers, unfavorable
publicity or consumer perception, increased costs as a result of
being a United States public
company, product liability and product recalls, risks related to
intellectual property, risks relating to co-manufacturing, risks
related to expansion into the United
States; taxation risks, difficulties with forecasts,
management of growth and litigation as well as the risks associated
with the ongoing COVID-19 pandemic. 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 Form 20-F filed with the SEC on May 26, 2022 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 because 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 Stock Market LLC, 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.
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SOURCE The Very Good Food Company Inc.