Hi there,
The Very Good Food Company is one that we have our eye on. As a meat-alternative company (plant based protein, etc), the demand for its products is growing. We are still in the early stages for this company. When COVID-19 hit, it saw higher than exepected demand and it could not keep up with capacity. It had been forced to limit orders and hasn't been actively marketing because it has been unable to meet demand.
The company has however taken steps to mitigate these issues. New capacity has since come on board and recently, it partnered with a few third party logistics partners to help solve some of its supply chain issues. It also increased capacity at its Victoria plan and has further expansion plans to expand capacity from 8,100 lbs to~19,000 lbs per week.
Keeping its price down has been the share offering at $1.30 per share from the beginning of August. Not to be concerned, this is normal course of action for high-growth stocks. It will take some time to digest these new shares and has provided investors with a decent entry point.
Overall, I am a fan of the company (have no position) but have been watching it closely. As it trades on the CSE, it carries additional risk as it is not as well known and liquidity could be a problem. Likewise, as a micro-cap it will carry additional risk and as such is only for those with an aggressive risk profile.
Mat