107 Wegmans Stores Now Carry The Very Good
Butchers Products
VERY GOOD Adds Over 3,000 Points of Distribution
Through Expanded Distribution at Save-On-Foods, Farm Boy, and The
Giant Company
VANCOUVER, BC, Nov. 21,
2022 /PRNewswire/ - The Very Good Food Company Inc.
(NASDAQ: VGFC) (TSXV: VERY.V) (FSE: OSI) ("VERY GOOD" or the
"Company") is pleased to announce that the Company's The
Very Good Butchers brand products are now available at 107 Wegmans
Food Markets stores in the United
States.
Additionally, VERY GOOD has expanded its product
placements at existing retailers including Save-On-Foods, Farm Boy,
and The Giant Company, adding over 3,000 points of distribution for
the Company's brand across North
America.
Wegmans now carries 4 SKUs of The Very Good
Butchers suite of products in 107 stores throughout Massachusetts, New
York, New Jersey,
Pennsylvania, Maryland, Washington (D.C.), Virginia, and North
Carolina, providing 324 new distribution points for VERY
GOOD.
Same store placement gains have been achieved at
168 locations of Save-On-Foods, one of Western Canada's largest grocery retailers,
which has brought in additional SKUs of VERY GOOD specialty
products, the brand's Very Good Steak, and Ribz, into their stores'
produce section, increasing SKU count from 5 SKUs to 9, with a
total of 1,260 distribution points.
In addition, Farm Boy, a wholly owned subsidiary
of Sobeys with 44 locations in Ontario, has also increased their VERY GOOD
SKU count from 7 SKUs launched in January
2021 to 14 SKUs and 616 distribution points by merchandising
VERY GOOD's gluten and soy free Butcher's Select line in their
stores' plant-based protein set.
VERY GOOD's existing in-store presence was also
boosted at The Giant Company, a retailer with 135 stores located in
Pennsylvania, Maryland, Virginia, and West
Virginia that will be adding 5 original SKUs (British
Banger, Smokin' Banger, Smokin' Burgers, Taco Stuff'er, and The
Very Good Burger) to the current line of Butcher's
Select SKUs (mmm Meatballs, Bratwurst and Cajun Sausage) for
a total of 1,215 distributions that will be sold in 135
stores.
"The increased distribution of our products to
new and current customers is a testament to our strong retailer
relationships and their desire to build sustainable plant-based
categories that offer products that are tasty, nutritious, and
innovative to their customers. I am proud of the work that all our
teams have undertaken to get our brands onto grocery shelves across
North America" said Jordan Rogers, VERY GOOD's Chief Commercial
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 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
+1 855-472-9841
Forward-Looking
Information
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, information relating
to VERY GOOD's distribution gains with the new retail expansion at
Wegmans and existing customer same-store placement increases
including specifically, the number of Wegmans stores at which the
Company's The Very Good Butchers products will be available and the
number of SKUs to be offered at such stores, as well as the number
of additional distribution points to be gained by VERY GOOD from
the increases in shelf placement at Save-On-Foods, Farm Boy and The
Giant Company. 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. 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 risk that the Company will not be able to continue to
operate as a going concern which is primarily dependent on
accessing additional sources of liquidity from Waygar or investors
until the Company is able to generate sufficient, sustainable cash
flow from operations to meet its ongoing operating and financing
requirements, the risk that strategic alternatives may not be
available on terms acceptable to the Company or at all, the risk
that the Company will not be able to meet Nasdaq's continued
listing requirements, as well as the Company's ability to manage
the many other risks it faces. 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.