VANCOUVER: The Very Good Food Company Inc. (VGF) announced the successful completion of its first day trading as a public company.
Mitchell Scott CEO said: “We were very pleased to see investors welcome our company to the public markets with open arms. After months of preparation for our public listing, we can all breathe a sigh of relief as the results of our first day truly exceeded our expectations. We are humbled to see customers become shareholders, as they look to align themselves with our vision. Yet, our work is far from done and we are focused on seizing on our momentum to grow the Very Good brand into a global leader in the plant-based food technology industry.”
At present the Company is working to expand distribution and increase sales across all channels. The Victoria production facility will continue to be optimized to increase throughput and reach its maximum capacity, while the Vancouver facility commences construction. VGF remains committed to delivering excellent customer service and maintaining its industry leading product quality standards.
According to the Plant Based Foods Association, it is estimated that the global plant-based meat market will increase from $10 billion annually to over $30 billion annually by 2026, with a compound annual growth rate of 14.8% as consumers continue to show an increasing appetite for plant-based products. The Very Good Food Company is well–positioned to capitalize on the increasing demand for plant-based meat alternatives.
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.