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The Very Good Food Company (TSXV:VERY) to begin production at California facility

Consumer
TSXV:VERY
04 August 2021 08:45 (EDT)
The Very Good Food Company Inc. - CEO, Mitchell Scott (right).

Source: The Very Good Food Company.

The Very Good Food Company (VERY) will begin food production at its Patterson California facility in September.

Production at the Patterson facility will initially be launched on a commercial-grade kitchen equipment line in order to fast-track the production of Taco Stuff’er, one of the company’s most in-demand SKUs, while the installation of the facility’s first major production line (Line 1) is underway for targeted completion in Q2 2022. Once commissioned, Patterson’s Line 1 will produce The Very Good Butchers’ products which have not yet been scaled, including the popular Holiday roast “The Stuffed Beast” and the jackfruit-based “Ribz”, and will have the capability to make the brand’s original suite of products. The production of Taco Stuff’er will also be transitioned to Line 1 once commissioned, which is expected to produce an average of 27 million lbs of product per year when fully operational.

“We are seeing significant demand for our range of products in the United States and especially on the West Coast. Having a production facility in California will allow us to manufacture and distribute products there in a more cost effective and efficient way”, stated co-founder and CEO Mitchell Scott.

“Taco Stuff’er is a crowd favourite so I am thrilled to start large scale production of this product on an accelerated basis to support our US retail entry. The launch of this first phase of production at Patterson reflects our purposeful approach to increasing production capacity and will allow efficient integration with our existing operations while we work to complete Line 1.”

The Very Good Food Company 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.

The Very Good Food Company Inc. (VERY) opened trading at C$3.00 per share.

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