• Very Good Food Company Inc (NASDAQ: VGFC) has priced the registered direct offering of 15 million units at $2.00 per unit. Each unit consists of one common share and one-half of one Common Share purchase warrant.

• The company expects $30 million in gross proceeds through agreements with institutional investors to purchase and sell the units.

• Each Warrant shall entitle the holder to purchase one Common Share at an exercise price of $2.35. The Warrants will be exercisable for five years from the closing of the offering.

• The company intends to use the proceeds from the offering to scale its operations, expand its geographical reach, accretive acquisitions, among others.

• The offering is expected to close on or about October 19, 2021.

• Price Action: VGFC shares are trading lower by 21.4% at $1.8 on the last check Friday.

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