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 anticipated time of trading of the Common Shares on the CSE, the anticipated use of net proceeds raised under the Offering, the Company's vision of becoming a global leader in food technology, the attributes of the Company's products as healthier alternatives to existing options and the Company's plans to scale operations, establish a market leadership position and build a globally recognized brand.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. The Very Good Food Company Announces New Appointment to its Board of Directors. The Common Shares were listed on the Canadian Securities Exchange (the "CSE") on June 16, 2020 and will commence trading on the CSE at market open on June 18, 2020, under the symbol "VERY". Founded by trained chefs James Davidson and Tania Frieson, the Very Good Butchers is more than a deli. Email: invest@verygoodbutchers.com. The Very Good Food Company (CSE:VERY) has closed an initial public offering for C$4 million to begin trading on the Canadian Securities Exchange. VERY's IPOed in June and successfully raised over $6.8M in funding. The Very Good Food Company, the parent group of Canadian plant-based meat brand The Very Good Butchers, has been approved for trading in the U.S. after its first IPO on the Canadian Stock Exchange (CSE) earlier in June this year. All rights reserved. Please go to the link in the email message to retrieve your password. Market Data powered by QuoteMedia. ... That means the CEO thinks the company is worth ~$100/share. Plant-based food developer The Very Good Food Company (VERY) has chosen a new member for its board of directors. The Very Good Food Company (VERY.CN) IPOed on June 18th and is up 400%. The Very Good Food Company (VGF)—parent company of Canadian vegan brand The Very Good Butchers (VGB)—saw an 800 percent increase in its stock value after its first few days of trading on the Canadian Securities Exchange (CSE). All rights reserved. Upon commencement of trading, it is anticipated that VGF will have 69,598,725 issued and outstanding Common Shares (28,008,343 of which are subject to escrow restrictions), 4,613,500 Common Shares reserved for issuance pursuant to the exercise of outstanding incentive options, 1,288,000 Common Shares reserved for issuance pursuant to the exercise of the Agents' Warrants and 500,000 Common Shares reserved for issuance pursuant to the Advisory Warrants. ... it was a pleasure to work closely with Mitchell and James to lead the Company's IPO and related financings. "It provides us with the capital to realise our vision of becoming a global leader in food technology, creating a healthier alternative to existing options and offering a premium customer experience. It began trading on the open market on June 18 after completing its initial public offering (IPO) on June 16. We caution that the list of risk factors and uncertainties is not exhaustive and other factors could also adversely affect our results. We also use them to share usage information with our. To date, we have developed a core product line under The Very Good Butchers brand. The Very Good Food Company Inc. Goodfood went public back in … Headquartered in Victoria, British Columbia, the company develops, produces and distributes a range of plant-based meats, along with other food alternatives. https://www.newsfilecorp.com/release/58080, Stockhouse @ the Bell: Markets close out week facing broad declines, Stockhouse @ the Bell: TSX higher as oil & loonie rise, Canbud Distribution Develops Medicinal Mushroom Immune Support Products, MustGrow Appoints Impossible Foods Executive to Board, Valeant Pharmaceuticals Securities Class Action: A settlement may affect your legal rights, Learn About a Revolutionary 360° Solution for Organic Fertilizer Production, This Bio Stock Is About To Disrupt Two Giant Industries And That’s Just The Start, Uranium Company Announces Acquirement of Newsboy Gold Project, Consortium Created to Manage Verifiable Identity Credentials for COVID-19 Vaccinations, Drill Results in Alaska: 4.50 Meters Grading 11.78 gpt/Gold and 1.48 Meters Grading 29.2 gpt/Gold, Jr Gold Co Reports Additional High-Grade Ag, Au &Cu; Including 83 M Grading 398 g/t AgEq (5.3 g/t AuEq), Where Today’s Leading-Edge Technology Meets a Historical Gold Mine, The Return of Rare Earth Elements Production to North America and the Canadian Opportunity, Cannabis Extraction Agreement with Canada-wide LP and US Patent Announced, Meet the “Preeminent Uranium Explorer” in Canada’s Athabasca Basin, Unlocking High-Grade Silver, Gold & Copper Mineralisation in Argentina, The Mega Opportunity in Organic Soil Health, Managing the COVID-19 Pandemic and Revolutionizing Healthcare, From Cystic Fibrosis to COVID-19: A Medical Solution Like No Other, Shaping the Future of Medicine by Delivering Regenerative Medicines, Minimizing Mining Risk: The “Hybrid Opportunity Generator”, The Vertically-Integrated Cannabis Co. that You Need to Know About. No securities regulatory authority has either approved or disapproved of the contents of this news release. Naturally Splendid (NSP) has launched an e-commerce site for its plant-based food products. Canaccord received a commission of $322,000 (representing 8% of the gross proceeds realized from the Offering) of which $241,500 was paid in cash and $80,500 through the issuance of 322,000 Common Shares at a deemed price of $0.25 per Common Share. Separately, The Very Good Food Company has appointed Brian Greenleaf, former Director of Operations at Canopy Growth Corporation, as its Chief Operating Officer. The Common Shares were issued pursuant to a final prospectus dated May 14, 2020, filed with the securities regulatory authorities in each of the provinces of British Columbia, Alberta, Saskatchewan, Ontario, New Brunswick and Nova Scotia (the "Prospectus"). By providing my email, I consent to receiving investment related electronic messages from Stockhouse. “We are thrilled to see The Very Good Food Company, another major plant-based IPO, mirroring the success of Beyond Meat. CEO Mitchell Scott stated: "This IPO is a critical milestone for VGF. "We have seen significant growth in our eCommerce and in-store sales, including a rapid increase in subscriptions to our monthly recurring delivery service," he added. The Very Good Butchers is a Canadian plant-based butcher brand and shop. Mr. Greenleaf holds a degree in Engineering physics and additionally has experience in IT, Marketing, Business Development, Financial Management and Operations. The Very Good Food Co., Inc. operates as a plant-based food technology company. An email was sent with password retrieval instructions. 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. Announces Launch of Its Very Good Butchers Brand of Plant-Based Meat Alternatives in Select Whole Foods Market Stores. Accordingly, the Common Shares may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to exemptions from the registration requirements of the U.S. Securities Act and applicable state securities laws. 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 … It is the second vegan meat brand to IPO after California-based Beyond Meat in May 2019. 01/13/20. Mitchell Scott Canadian brand The Very Good Food Company (VGF) Inc makes a line of plant-based meat alternatives and other food alternatives which it distributes via its own Butcher Shop retail location, grocery stores across Canada, and an e-commerce subscription box. By providing my email, I consent to receiving messages from Stockhouse. The Common Shares have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws. Files Preliminary Prospectus for Initial Public Offering of Common Shares. In connection with his appointment, Brian has been granted a total of 240,000 incentive stock options, exercisable at a price of $0.25 until June 17, 2025. Goodfood is an online grocery and home-meal kit company. Vancouver, British Columbia--(Newsfile Corp. - June 17, 2020) - The Very Good Food Company Inc. (CSE: VERY) ("VGF" or the "Company") is pleased to announce the successful completion of its initial public offering (the "Offering"), including the full exercise of the over-allotment option by the agent for the Offering, Canaccord Genuity Corp. ("Canaccord"), resulting in the issuance of 16,100,000 common shares of the Company ("Common Shares") at a price of $0.25 per Common Share for gross proceeds of $4,025,000. Phone: +1 855-472-9841 Data delayed 20 minutes unless, The Very Good Food Company (CSE:VERY) has closed an initial public offering for C$4 million to begin trading on the Canadian Securities Exchange, The company issued a total of 16.1 million common shares at a price of 25 cents each, and began trading on the CSE on June 18, 2020, With the offering now complete, the proceeds will be used to accelerate the company's expansion plans and continue the development of new products, Separately, Brian Greenleaf has been appointed to the position of Chief Operating Officer, The Very Good Food Company (VERY) remains unmoved and is currently trading at 51 cents per share. Major plant-based IPO, mirroring the success of Beyond meat Completes Initial Offering! Email: invest @ verygoodbutchers.com of your favourite Very Good Food Company, said IPO... It is the second vegan meat brand to IPO after California-based Beyond meat in May.! 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