The Very Good Food Company to Increase Distribution through Online Delivery Platforms Including Uber Eats and DoorDash in Major US Cities
05 October 2021 - 10:00PM
Business Wire
- VERY GOOD to launch pilot program to have products delivered
same day via online food delivery platforms including Uber Eats,
DoorDash and Postmates.
- Pilot program to start in key US cities including Los Angeles,
Chicago, Las Vegas, San Jose, Minneapolis, Philadelphia, Orlando,
Austin, San Antonio, Atlanta, and Houston.
The Very Good Food Company Inc. (TSXV: VERY.V) (OTCQB: VRYYF)
(FSE: 0SI) ("VERY GOOD" or the "Company"), a leading
plant-based food technology company, today announced its upcoming
initiative to offer same day delivery of its plant-based meats to
consumers’ doors in 30 minutes, with orders to be fulfilled by
online food delivery services like UberEats, Grubhub, Postmates,
and DoorDash. The pilot program is expected to roll out in December
2021 and will feature a mix of The Very Good Butchers’ carefully
crafted plant-based meats including its new gluten and soy-free
Butcher’s Select Flippin’ Good Burger, Cajun Sausage, Bratwurst
Sausage, MMM…Meatballs and Breakfast Sausage.
“We’re thrilled to make our plant-based meats more accessible
than ever before,” said Mitchell Scott, co-founder and CEO of The
Very Good Food Company. “With this new program, we will be able to
tap into thousands of new customers ordering online with just the
click of a button. Consumers will be able to receive our nutritious
and delicious products in about 30 minutes, which is something
we’ve never been able to do before - making plant-based eating
convenient and accessible everyday.”
This pilot program will initially launch in key US cities coast
to coast including Los Angeles, San Jose, Chicago, Denver, Las
Vegas, Minneapolis, Philadelphia, Providence, Orlando, Austin, San
Antonio, Atlanta and Houston. This entry into on-demand delivery
services supports the Company’s omnichannel approach to the
distribution of its products and revenue growth.
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.
Forward-Looking
Information
This news release contains 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. Any such forward-looking information may be
identified by words such as "proposed", "expects", "intends",
"may", "will", and similar expressions. Forward looking information
contained or referred to in this news release includes statements
relating but not limited to the expected timing for commencement of
the pilot program, the cities in which the service will be
available, the variety of products to be available through the
service, the benefits that VERY GOOD expects to derive therefrom
including supporting its omnichannel approach to distribution and
revenue growth. 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 availability
of sufficient financing on reasonable terms to fund VERY GOOD's
capital and operating requirements, the continued strong demand for
VERY GOOD's products, the successful placement of VERY GOOD’s
products in retail stores and continued e-Commerce growth, VERY
GOOD’s ability to successfully enter new markets and manage its
international expansion, VERY GOOD’s ability to increase production
capacity and obtain the necessary production equipment, the
availability of labour as well as the accuracy of construction
schedules and cost estimates for the commissioning of production
lines at VERY GOOD’s Rupert and Patterson facilities and the timely
receipt of required permits, VERY GOOD’s relationship with its
suppliers, distributors and third-party logistics providers, and
the Company'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 the ongoing COVID-19 pandemic, 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, expansion of facilities, competition,
availability of raw materials, dependence on senior management and
key personnel, general business risk and liability, regulation of
the food industry, change in laws, regulations and guidelines,
compliance with laws, unfavourable publicity or consumer
perception, product liability and product recalls, risks related to
intellectual property, difficulties with forecasts, management of
growth and litigation. 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. 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 on which it is made and, except as may be required by
applicable securities laws, VERY GOOD disclaims any intent or
obligation to update any forward-looking information, whether as a
result of new information, future events or results or otherwise.
The forward-looking information contained in this news release is
expressly qualified by this cautionary statement.
The TSX Venture Exchange has neither approved nor disapproved
the contents of this news release. Neither the TSX Venture Exchange
nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this news release.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20211005005455/en/
Investor Contact Mitchell Scott Chief Executive Officer
The Very Good Food Company Inc. Kevin Matheson Corporate
Communications and Investor Relations Email:
invest@verygoodbutchers.com Phone: +1 855-472-9841 Media
Contact Valentina Lombardo Rachel Kay Public Relations Email:
valentina@rkpr.net Phone: +1 (929) 226-7088
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