The Very Good Food Co jumps on plans to explore sale, merger
08/09/2022 14:30
** The Very Good Food Co's U.S.-listed shares VGFC.O jump
~5% to $0.157 pre-market
** The plant-based food-tech firm says it is exploring
acquisition and merger for all of or parts of the co, as part of
a strategic review process
** No assurance review process will result in any strategic
alternative, or to its outcome or timing, co says
** Shares of Canadian firm have crashed since pandemic highs
of about $7 in late 2020 amid a series of negative developments,
including workforce cuts and departure of its co-founders
(Reporting by Yuvraj Malik)
((yuvraj.malik@thomsonreuters.com))