150 Weis stores will offer Flippin Good Burger, Mmm Meatballs, A Cut Above Pork and Very Good Steak from The Very Good Butchers’ plant-based meat portfolio
VANCOUVER, BC, July 27, 2022 /PRNewswire/ – The Very Good Food Company Inc. (NASDAQ: VGFC) (TSXV: VERY.V) (FSE: OSI) (“VERY GOOD” or the “Company”), is pleased to announce further expansion into the ‘Eastern United States retail environment with Weis Markets, Inc. (“Weis”). Weis owns and operates 196 supermarkets across Pennsylvania, Delaware, Maryland, New York, New Jersey, Virginiaand West Virginia and also offers online shopping and delivery to Pennsylvania. This additional retail distribution further expands the availability of VERY GOOD’s products in the United States.
Weis selected Flippin Good Burger, Mmm Meatballs, A Cut Above Pork and Very Good Steak from the company’s plant-based meat brand The Very Good Butchers, which is expected to be available in 150 stores. Weis Markets commented on the list, “We compared products between plant-based meat offerings and the decision was easy. VERY GOOD’s clean, healthy process and great-tasting products align with the mission of Weis and our reputation for providing our customers with high quality food and great value while being stewards of the environment.”
VERY GOOD’s product placement in the Weis site is the third United States retail distribution list that the company announced this summer.
“Step by step, we are expanding the reach of our products in key markets, moving towards our strategic initiative to expand VERY GOOD’s commercial footprint in all major metropolitan areas of United States,” said Parimal Rana, CEO of The Very Good Food Company. “Weis is viewed by East Coast shoppers as a community-focused retailer that satisfies local demand for high-quality products made with natural ingredients, and they are expanding this unique offering with new store openings in key markets. We welcome the opportunity to collaborate and grow with Weis in fulfilling this mission.”
About Weis Markets, Inc.
The Weis Markets, Inc. is a mid-Atlantic food retailer headquartered in Sunbury, Pennsylvania. It currently operates 196 stores with over 23,000 employees in Pennsylvania, Maryland, New York, New Jersey, West Virginia, Virginiaand Delaware.
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 VERY SIMPLE: TO GET MILLIONS OF PEOPLE TO RETHINK THEIR FOOD CHOICES WHILE HELPING THEM MAKE THE WORLD A WORLD OF GOOD. BY PROVIDING PLANT-BASED FOOD OPTIONS SO DELICIOUS AND NUTRITIOUS, WE’RE HELPING THIS TYPE OF DIET BECOME THE STANDARD.
ON BEHALF OF THE VERY GOOD FOOD COMPANY INC.
Chief executive officer
This press release contains “forward-looking information” within the meaning of applicable securities laws. 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 to provide information about management’s current expectations and plans for the future. Readers are cautioned that reliance on this information may not be appropriate for other purposes. Forward-looking information can 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 press release includes, but is not limited to: the new retail slate with Weis, including the number of stores and anticipated locations expected to carry VERY GOOD’s products, the VERY GOOD product mix and the number of SKUs Weis will offer, as well as the benefits the Company expects to derive from Weis’ listing. Forward-looking information is based on a number of factors and assumptions which were used in developing this information, but which may prove to be incorrect, including, but not limited to, material assumptions regarding the ability of the company to continue operating. ; the Company’s ability to manage recent personnel changes; and the company’s ability to successfully execute its updated business strategy outlined in its most recently filed interim MD&A for the quarter ended March 31, 2022, available at www.sedar.com and www.sec.gov. The Company’s ability to execute 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, the continued growth in the popularity of meat substitutes and the food factory, no significant 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 the Company’s ability to remain listed on the Nasdaq, VERY GOOD’s ability to obtain the necessary production equipment and human resources, 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 as VERY GOOD cannot guarantee that such expectations will prove to be correct. The risks and uncertainties that could cause VERY GOOD’s actual results, performance or achievements to differ materially from those expressed or implied by such forward-looking information include, among others, the impact of uncertainties and risks associated with negative cash flow and future financing needs. to maintain and grow operations, limited history of operations and revenues and no history of profits or dividends, competition, risks relating to the availability of raw materials, risks relating to social media regulations, expansion of facilities, risks relating to 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 associated with third-party logistics providers, adverse publicity or consumer perception, increased costs of being a United States public company, product liability and product recalls, intellectual property risks, co-manufacturing risks, expansion risks in United States; risks related to our acquisition strategy, tax risks, forecasting difficulties, growth management and litigation as well as risks associated with the ongoing COVID-19 pandemic. For a more complete analysis of the risks facing VERY GOOD, please refer to VERY GOOD’s most recent Annual Information Form filed with the Canadian securities regulators at www.sedar.com and as attachment in Form 20-F filed with the SEC on May 26, 2022 and available at www.sec.gov. The forward-looking information contained in this press release reflects the Company’s current expectations, assumptions and/or beliefs based on information currently available. Any forward-looking information speaks only as of the date of this press release. VERY GOOD undertakes no obligation to publicly update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law. The forward-looking information contained in this press release is expressly qualified by this cautionary statement.
Neither the Nasdaq Stock Market LLC, nor the TSX Venture Exchange, nor the SEC nor any other securities regulator has approved or disapproved of the contents of this press release.
Neither Nasdaq, 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 the adequacy or accuracy of this press release.
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SOURCE The Very Good Food Company Inc.