Geometry Dash APK Hill Climb Racing APK
71 F
New York
Sunday, September 26, 2021

Very Good Food Company Inc (OTCMKTS:VRYYF) Hits New High On Renewed Optimism

Must read

Green Thumb Industries Inc (OTCMKTS:GTBIF) Trades Near All-Time High: What Next?

After having been in the dumps for more than a year, the cannabis sector has managed to make a remarkable comeback. Investors...

VIVO Cannabis Inc (OTCMKTS:VVCIF) Stock Turns Volatile: Uptrend in Jeopardy

Anyone watching the market knows the cannabis sector has been booming again. Since the start of the year, the cannabis sector has...

Auxly Cannabis Group Inc (OTCMKTS:CBWTF) Attempts To Recover After The Recent Move

Among the many sectors that have made a comeback in the stock markets this year, the comeback made by the cannabis sector...

Artificial Intelligence Technology Solutions (OTCMKTS:AITX) Looks RAD: Extends Rally

The artificial intelligence space has grown at a highly impressive rate over the past few years and nowadays, investors are increasingly looking...

One of the stocks to have come into focus over the past two weeks is Very Good Food Company Inc (OTCMKTS:VRYYF).

During this period, VRYYF has rallied sharply and gained as much as 70%. Let’s take a closer look at some of the developments around the company to see if this run is sustainable or not.

Why Such a Big Rally?

Last week, VGFC announced that it signed up a new wholesale distributor partner for its operations in Canada. It is a significant development for the company, without a doubt.

However, in addition to that, the company also revealed that the number of points for retail distribution in the western part of Canada is also going to rise overall. The distribution agreement in question was signed with UNFI Canada, which is going to distribute products from The Very Good Butchers.

The distributors are going to first focus on the East coast of Canada. UNFI is a food distribution behemoth and expects yearly sales to be around $21 billion through products from 10000 suppliers and 40000 retail partners. VGFC is going to ship its first consignments of products in the upcoming weeks.

On top of that, VGFC also expanded the number of distribution points for The Very Good Butchers brand of products. The number of wholesale partnerships has now been expanded to as many as 275 stores. When coupled with the distribution agreement with UNFI, it marks a major milestone for the company.

VGFC also settled its debts with IQ Media Group and Axe Communications Inc by issuing as many as 47866 common debt shares with an issue price of $2.13 per share.

It’s been a relatively sound month for VGFC and back on October 14 the company announced that its shares got approval to begin trading on the OTCQB Market. OTCQB is a venture market operated by the OTC Markets Group and is meant for upcoming companies in the United States and beyond.

Latest article

88 Energy Ltd (OTCMKTS:EEENF) Stock Surges 40% But Can’t Hold Gains

The oil and gas company 88 Energy Ltd (OTCMKTS:EEENF) seems to have come back on to the radars of investors over the...

Net Savings Link Inc (OTCMKTS:NSAV) Stock is Getting Pummeled Again

Nowadays there are plenty of options for investors when it comes to making investments in the cryptocurrency and...

Net Savings Link Inc (OTCMKTS:NSAV) Goes Parabolic Ahead of Important Event

As far as cryptocurrency and blockchain companies are concerned, there are many options nowadays for investors to explore.

Dark Pulse Inc (OTCMKTS:DPLS) Stock Moves in a Range After The Big Rally

The laser sensing system company Dark Pulse Inc (OTCMKTS:DPLS) has emerged as one of the major gainers over the course of the...

Halberd Corporation (OTCMKTS:HALB) Stock Doubles After ‘Proof of Concept’ News

Investors are always on the lookout for stocks which managed to record handsome gains over a short of period of time and...
Şehirler arası nakliyat ve Şehirler arası taşımacılık konusunda en uygun fiyatlar ve en kaliteli hizmet.
ofis taşıma firmaları ve ofis taşıma konusunda en uygun fiyatlar ve en kaliteli hizmet. Affordable best sms verification service