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VANCOUVER, BC, July 14, 2022 /PRNewswire/ – The Very Good Food Company Inc. (NASDAQ:VGFC) (TSXV:VERY) (FSE: OSI) (“VERY GOOD” or the “Company”), today announced that its board of directors has approved the grant of stock options (the “Options”) exercisable for a total of 3,715,000 common shares (“Common Shares “) to certain employees (including officers) and directors. All Options were granted pursuant to the Company’s stock option plan and are subject to the terms of the applicable grant agreements and the requirements of the TSX Venture Exchange (“TSX-V”).
The Options were granted at an exercise price of $0.305being the closing price of the Company’s Common Shares on the TSX-V on July 13, 2022. The Options will vest over a period of 12 months with 25% of the Options vesting every four months commencing on the date of grant. The Options have a three-year term until July 14, 2025.
The VERY GOOD Food Company Inc. is an emerging plant-based food technology company that produces nutritious and delicious plant-based meat and cheese products under VERY GOOD’s core brands: The VERY GOOD Butchers and The VERY GOOD Cheese Co. www.verygoodfood.com.
OUR MISSION IS LOFTY BUT BEAUTIFULLY SIMPLE: GET MILLIONS TO RETHINK THEIR FOOD CHOICES WHILE HELPING THEM DO THE WORLD …
Full story available on Benzinga.com
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