The Very Good Food’s C$13.2 Million Bought Deal Public Offering


Torys LLP represented The Very Good Food Company.

The Very Good Food Company Inc. announced the closing of its previously announced bought deal prospectus offering of 3,778,900 units at a price of C$3.50 per unit for aggregate gross proceeds of C$13,226,150, which included the full exercise of the over-allotment option by the lead underwriter and sole bookrunner for the offering, Canaccord Genuity Corp.

Very intends to use the net proceeds from the offering to fund the commencement of operations at its recently announced new production facility in Vancouver, British Columbia and for general corporate purposes.

The Very Good Food Company is an emerging plant-based food technology company that designs, develops, produces, distributes and sells a variety of plant-based meat and other food alternatives, including its core product line developed under The Very Good Butchers brand.

The Torys team included Mike Pedlow (Picture), Jon McDonald and Cassondra Lozynsky (corporate/securities), Craig Maurice (tax), Chris Bornhorst and Rayanna Smith (U.S. securities).

Involved fees earner: Chris Bornhorst – Torys LLP; Cassondra Lozynsky – Torys LLP; Craig Maurice – Torys LLP; Jon McDonald – Torys LLP; Michael Pedlow – Torys LLP; Rayanna Smith – Torys LLP;

Law Firms: Torys LLP;

Clients: The Very Good Food Company ;

Author: Ambrogio Visconti