Very Good Food Company (OTCMKTS:VRYYF) Stock Falls 20% in a Month: Will it Recover?

Leading plant-based food technology firm, The Very Good Food Company (OTCMKTS:VRYYF) on August 4, 2021 announced the commencement of production at Patterson facility located in Patterson, California in September.

It will be launched initially on a commercial-grade kitchen equipment line for quick tracking production of Taco Stuff’er, a much in demand SKUs. The company’s first installation of the production line will be targeted for completion in Q2 2022.

Once done, Patterson’s Line 1 will make The Very Good Butchers’ diverse products that have not been scaled, including “The Stuffed Beast” as well as jackfruit-based “Ribz”. Taco production staffer will be transitioned to Line 1 once done and will result in average production of 27 million pounds of products each year.

Co-founder and CEO Mitchell Scott said that the firm is witnessing huge demand for products in the US especially on West Coast. Scott added that the California production line will enable the manufacturing and distribution of products in a cost-effective and efficient manner.

A crowd favorite, the company is delighted on accelerating US retail entry and reflects its approach to augmenting production capacity allowing efficient integration with existing operations.

A strategic location, the California-based facility is also located on key shipping routes for ground transportation by way of truck or rail to major wholesale distribution partners.

“We are seeing significant demand for our range of products in the United States and especially on the West Coast. Having a production facility in California will allow us to manufacture and distribute products there in a more cost effective and efficient way”, stated co-founder and CEO Mitchell Scott.

VRYYF stock is now up by 1% to $2.42.

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