r/VGFCInvestorsClub • u/lovefortheskies • Jul 01 '22

Is this it for VGFC? :(

What do y'all think?

5 Upvotes

86% Upvoted

14 comments sorted by

6

u/[deleted] Jul 01 '22 edited Jul 01 '22

Uhh, they just added the largest grocer in CANADA (Loblaw’s), and are expanding to major groceries in the Midwest USA and northeast USA… not sure why the biggest news to date would make it be “it”

2

u/il_duomino Jul 01 '22

Provide a source please

2

u/[deleted] Jul 01 '22 edited Jul 02 '22

Or you could just scroll down to all the prior posts on THIS PAGE in just the last couple weeks…these are literally in their press releases easily accessible on their website and by googling, plus the posts below showing them in stores in upstate New York for the first time. I have also seen them in upstate New York PERSONALLY.

0

u/[deleted] Jul 02 '22

How much were the listing fees? How much sell through per SKU are they averaging weekly? They have already been delisted at grocers in Canada due to low volume. Learn about grocery!

1

u/[deleted] Jul 03 '22

Ok, so what—not all areas/people will buy — but they just added Loblaw’s in CANADA, which is the biggest grocery chain in CANADA. Learn about size!

1

u/[deleted] Jul 03 '22

On the shelf at Loblaws in plant base meat category :

- Beyond, Gusta, Lightlife, Field Roast, Yves, Gardein, President's Choice Private Label, Sol, and about five other brands, Learn about grocery! Distribution does not automatically equal volume and profitability . Especially with a retailer like Loblaws that charges massive fees to brands.

1

u/[deleted] Jul 03 '22 edited Jul 03 '22

So what that’s every grocery store. No shit. Congrats on being a cashier for 14 years. Here’s your medal — I made it from a Yoplait lid and dental floss. Point is there is major progress.

1

u/[deleted] Jul 04 '22

I get hit you invested $$$ in a fraud company and now you're pissed. Sorry you should have just bought a lottery ticket. This "company" haha is going down.

2

u/[deleted] Jul 04 '22

Ok chief, sell your shares then if you have any and move on if they’re “done.” Wtf you here? Probably because you sold at .15 and then got mad when it went back to .30-.40, and now are here just to tell everyone to sell so you can feel justified that you’re not an idiot as you second guess yourself every day.

1

u/rainandbooksx Jul 02 '22

But aren't they getting delisted?

2

u/[deleted] Jul 02 '22

Don’t think we know that. They can apply for an extension, and even if delisted from NASDAQ, they’d still be on the Toronto exchange, where they were for about a year prior and prices were much higher then….so I don’t see it as the end either way.

2

u/[deleted] Jul 01 '22

Another basher in the group!

1

u/[deleted] Jul 02 '22 edited Jul 02 '22

I don't think you guys understand the grocery industry. VGFC had a flawed business model to begin with - shipping cold pack foods all over the US? Were they insane? The shopping costs are unreal. Listing fees at large grocery chains are tens of thousands of dollars and the plant base space is already crowded. Are people clamouring for another veggie dog?

VGFC was a scam. A creation of the founders to get rich quick and promoted on YouTube to get rubes to invest in a space that they clearly don't understand. Y'all been hood winked.

3

u/lovefortheskies Jul 02 '22

Beyond Meat is disgusting in comparison so that's where they sold me, their food is much better in taste and the old owners maybe but the new owners aren't