VANCOUVER, BC, April 6,
2022 /CNW/ - The Very Good Food Company Inc.
(NASDAQ: VGFC) (TSXV: VERY.V) (FSE: OSI) ("VERY GOOD" or the
"Company"), a leading plant-based food technology company,
is moving its fourth quarter earnings call that was scheduled
for today to Thursday April 14, 2022
at 1:30 pm PT at which time, the call
will also include a business and management update.
In light of the management changes that were announced on
Monday; the creation of the Executive Committee; and the
implementation of cost improvement measures, the Company needs
additional time to complete our analysis and prepare communication
to be able to address the questions of shareholders and other
stakeholders. We thank you for your patience.
Participant Dial-In
Numbers:
Toll-Free: 1-877-425-9470
Toll / International: 1-201-389-0878
* Participants should request The Very Good Food Company Fourth
Quarter Earnings Call.
The call will be available via webcast on VERY GOOD's investor
page of the Company website at www.verygoodfood.com/investors
until April 30, 2022. Participants
who would like to ask a question during the live Q&A must login
via webcast.
Please visit the website at least 15 minutes before the call to
register, download, and install any necessary audio software. A
replay of the call will be available on VERY GOOD's investor page
approximately two hours after the conference call has ended.
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, BADASS 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
Ana Silva
President and Interim CFO
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 the timing for the
rescheduled earnings call and the matters to be addressed at the
call. 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
successfully implement the cost improvement measures and achieve
their intended benefits, the availability of sufficient financing
on reasonable terms or at all to fund VERY GOOD's capital and
operating requirements, the Company's ability to accurately
forecast customer demand for its products and manage its 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, the Company's ability to remain listed
on the Nasdaq, VERY GOOD's ability to successfully enter new
markets and manage its international expansion, 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 labour, 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 6-K filed with the SEC
on April 1, 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.