The Very Good Food Company Announces Record Monthly Sales
November Record Monthly Revenue
VERY achieved a new record for monthly sales in November 2020 of $782,790, an increase of 582% over November 2019 due to increased e-commerce sales attributable to American Thanksgiving along with Black Friday and Cyber Monday sales promotions.
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. Sales from these promotions is evidence of the effectiveness of VERY’s various e-commerce marketing initiatives to build brand awareness and demand for VERY’s products. These initiatives will support the Company’s next phase of growth and increased production capacity coming online in Q1 2021 from the Rupert facility.
Extension of Marketing Agreement
About The Very Good Food Company
The Very Good Food Company Inc. 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. Our mission is to employ plant-based food technology to create 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.
For further information, please contact investor relations:
Phone: +1 855-472-9841
Cautionary Note Regarding Forward-Looking Information
Any forward-looking information speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement.