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Bullboard - Stock Discussion Forum Very Good Food Company Inc VGFCQ

Very Good Food Company Inc is a Canada-based company. The Company engaged in food manufacturing.

GREY:VGFCQ - Post Discussion

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Post by BelindaEquities on Nov 30, 2020 12:08pm

umm.

$600 mm market cap and revenues last qtr at $1.3 mm? +100 times annualized current quarter? what am I missing longs?
Comment by BCProud250 on Nov 30, 2020 12:18pm
https://www.verygoodbutchers.com/pages/investor-relations  
Comment by veganvic on Nov 30, 2020 12:18pm
Share price is now forward-looking--based on future potential revenue--- current facility in Victoria produces about 1M pounds a year.  Recently leased Vancouver facility ( ten year lease) can produce 35M. Likely on stream early 2021 then ramp up. California facility can do 98M- likely on stream fall 2021, then ramp up. pent up demand, great product. Best of its kind I've had in ...more  
Comment by CanadianKia on Nov 30, 2020 12:46pm
Exactlly, you're not wrong when you look at the books of any of htese startups. The question is what can they do in a year, not the snapshot right now (even though they dont look bad right now IMO) Based on the production details provided, you have to think about the national/international reach of meat alternative companies in the future. the number of people looking for meat alternatives ...more  
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