The Very Good Food Company announces closing of oversubscribed C$13.2 million bought deal public offering

On December 4, 2020, The Very Good Food Company Inc. ("Very") announced the closing of its previously announced bought deal prospectus offering of 3,778,900 units at a price of C$3.50 per unit for aggregate gross proceeds of C$13,226,150, which included the full exercise of the over-allotment option by the lead underwriter and sole bookrunner for the offering, Canaccord Genuity Corp. ("Canaccord").

Very intends to use the net proceeds from the offering to fund the commencement of operations at its recently announced new production facility in Vancouver, British Columbia and for general corporate purposes.

Further information can be found on Newsfile’s website.

The Very Good Food Company is an emerging plant-based food technology company that designs, develops, produces, distributes and sells a variety of plant-based meat and other food alternatives, including its core product line developed under The Very Good Butchers brand. ;