Western Grocer Serving the industry since 1916
Vancouver, British Columbia, December 10, 2020 – The Very Good Food Company Inc. (CSE: VERY) (OTCQB: VRYYF) (FSE: 0SI), a progressive creator of innovative plant-based food products, is pleased to announce record sales in November thanks to highly successful Thanksgiving, Black Friday and Cyber Monday e-commerce sales promotions. The company set a new record for monthly sales in November 2020 of $782,790, an increase of 582% over November 2019.
E-commerce sales in November were $600,671 resulting from 6,258 orders, an increase of $292,486 from the prior month, and $550,429 compared to November 2019. American Thanksgiving attributed to $384,045 in e-commerce sales in November 2020 representing 4,287 orders; approximately a 1686% increase in the number of orders compared to November 2019. E-commerce revenue from Black Friday and Cyber Monday promotions was $191,512.
Increased sales resulted from effective e-commerce marketing initiatives, brand awareness, and demand. These initiatives will support the Company’s next phase of growth and increased production capacity coming online in Q1 2021 from the Rupert facility.
About The Very Good Food Company
The Very Good Food Company Inc. is an emerging plant-based food technology company. Our mission is to use progressive food technology to create plant-based meat and other food products that are delicious while maintaining a wholesome nutritional profile. To date we have developed a core product line under The Very Good Butchers brand.
Cautionary Note Regarding Forward-Looking Information
This news release contains forward-looking information. Such forward-looking statements or information are provided 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 ….
