VANCOUVER, BC, Oct. 25,
2022 /PRNewswire/ - The Very Good Food Company Inc.
(NASDAQ: VGFC) (TSXV: VERY) (FSE: OSI) ("VERY GOOD" or the
"Company") today announced that Saul
Cooperstein has resigned from the board of directors of the
Company.
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
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 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, 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;
risks related to our acquisition strategy, 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.