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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 > Not Very Good News
View:
Post by divime1 on Dec 09, 2021 8:56am

Not Very Good News

The CFO is leaving after 14 months . If the company is doing as good as they are saying why would the CFO be leaving  so soon ?

VANCOUVER, British Columbia -- (Business Wire)

The Very Good Food Company Inc. (NASDAQ: VGFC) (TSXV: VERY.V) (FSE: 0SI) ("VERY GOOD" or the "Company"), a leading plant-based food technology company, today announced the departure of Kamini Hitkari as the Company’s Chief Financial Officer and Corporate Secretary to pursue other opportunities.

“I would like to thank Kamini for her contributions to the Company as we navigated our inaugural year as a publicly traded company. We wish Kamini the best in her future endeavors,” said Mitchell Scott, co-founder and CEO of the Company.

During this transitionary period, Ana Silva, the Company’s President, has assumed the role of Chief Financial Officer and Corporate Secretary on an interim basis. Prior to joining VERY GOOD in January 2021, Ana served as Chief Financial Officer of Daiya Foods Inc. for five years and oversaw a period in which Daiya was ranked as the fastest growing plant-based food company in America by SPINS.

A search by VERY GOOD is currently underway for a new Chief Financial Officer.

Comment by happygolucky1 on Dec 09, 2021 10:17am
Well her options are probably worthless at this point but neverthess it is not a good sign having a CFO leave after such a short period of time. May be personal issues with others on the management team or something else.
Comment by divime1 on Dec 09, 2021 11:05am
I doubt she was impressed with the personal loans for the boys housing .
Comment by happygolucky1 on Dec 09, 2021 11:06am
Yeah that was craxy. Loans approved and then a week later withdrawn.
Comment by ashcake on Dec 09, 2021 12:35pm
Very  novice public company management... Personal loans...are you kidding me? That was a huge mistake since corrected. I am sure they know the markets and any Funds will not support them further until they get they're act together with a seasoned public markets CFO and start acting like grown ups and not looking  for loans from the company piggy bank.  I love the products and I ...more  
Comment by TeryBooth on Dec 13, 2021 11:34am
seems now!, it may have been her idea... 
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