What’s going on with The Very Good Food Company?
The Very Good Food Company (VRYYF) stock was slightly up after the Canadian plant-based food technology company announced a partnership with Copper Branch, a plant-based restaurant franchise with more than 40 locations in North America. Shares of VRYYF rose 0.27% and were trading at $3.60 per share on Thursday morning.
What does this mean for VRYYF?
The partnership means Copper Branch will stock The Very Good Butchers’ plant-based products at its branded in-store freezers, starting with eight Copper Branch locations in Canada starting this summer.
Very Good recently partnered with the Vancouver-based homegrown meal kit company, Fresh Prep, through which it will add its products to Fresh Prep’s extensive menu of recipes and meal kits.
“This partnership marks VERY GOOD’s second step into the North American food service industry. We are thrilled to be able to offer our products to Copper Branch’s customers looking for approachable and healthy plant-based options through such a convenient shopping experience,” said Very Good’s Co-founder and CEO Mitchell Scott. “With a shared commitment to helping people eat more consciously, the partnership between our companies is a natural one with many opportunities for further collaboration.”
The Very Good Food Co Inc operates in the food industry. It is a food technology company that designs, develops, produces, distributes and sells a variety of plant-based meat and other food alternatives.