With the vision to serve beyond Canada and the U.S., The Very Good Food Company (OTCMKTS:VRYYF) has entered into a partnership with Peter Green Chilled as a logistics provider.
The company has entered into a partnership with 3PL Logistics provider in order to cater its e-commerce needs in the UK and then in Europe. The global expansion plans of the company would be started with UK e-Commerce launch in August 2021.
The Very Good Food Company Inc., a leading plant-based food technology company has not only been have strategically focused on enhancing the production capabilities and rolling out an expansive plant-based product line but also to expand globally.
The partnership with Peter Green Chilled would offer a full complement of 3PL logistics services including importing, customs clearance, warehousing and transportation of food products throughout the UK and Europe. It is thus indeed GOOD news for the UK-based customers for they would very soon be able to order directly through the e-Commerce website which is due to be launched in August.
Filled with excitement, the co-founder and the CEO of The Very Good Food Company Inc. Mitchell Scott said, “We are excited to finally offer UK-based customers a range of The Very Good Butchers products via our UK e-Commerce launch this summer. The partnership with Peter Greene is a logical fit given their extensive experience and local expertise serving these markets and supports our global expansion efforts.”
The same could be resonated from the words of the Managing Director of Peter Green Chilled, Tom Binks, “We are excited to partner with The Very Good Food Company, adding to our trusted list of clients.
Our mission is to provide our 3PL logistics services to support the Company’s UK e-Commerce launch this August and its growth into additional European markets. With over 19,000 points of distribution throughout the UK and Europe, we are well-positioned to assist VERY GOOD’s expansion goals.”
Market Reaction:
On Wednesday, VRYYF stock fell 5% at $2.59 with more than 279k shares, compared to its average volume of 155k shares. The stock had moved within a range of $2.5100 – 2.9600 after opening the trade at $2.71. Over the past 52-week, the stock has been trading within a range of $0.5650 – 7.4300.
 Stock Falls Despite Positive News: Time To Buy?){kind=link}