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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

Very Good Food Company Inc > This will be at $0.5 soon
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Post by CanadianKia on Nov 05, 2021 8:29am

This will be at $0.5 soon

Here is the earnings from Maple Leaf Foods. A well established organization with tons of history and sales. I ONLY POST FACTS. HERE ARE SOME FACTS. 

Beyond meat will continue to sink and reality will kick in. and now a canadian company is feeling the sales decrease in plant based as well. Here are the FACTS.

like i said. with $10M in sales, they're not going anywhere. The shares WILL go to $0.5. 

https://www.mapleleaffoods.com/wp-content/uploads/2021/11/Maple-Leaf-Foods-Q3-2021-Press-Release.pdf

READ THIS:
  • Plant Protein Group sales have declined by 6.6% (decline of 1.2% excluding the impact of foreign exchange), due to declining retail sales within the category, offset by growth in foodservice volumes.

  • 2021 Outlook: Meat Protein Group targets unchanged – mid-to-high single digit sales growth and Adjusted EBITDA Margin expansion. Driven largely by the lower than expected growth in the plant protein category, the Company does not expect to meet its Plant Protein Group sales growth target for the second half of 2021 and will not likely have a further view on near term sales growth targets until it has completed its reassessment of the category.

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