Category: Food News

The Very Good Food Company Reports Record Results for Fourth Quarter and Fiscal Year 2020

by  on  in Food News

2020 Revenue Increased 364% to $4.6M Compared to Prior Year

Adjusted Gross Profit in 2020 Increased to 32% compared 16% in Fiscal 2019

Significant Increase in Production Capacity, eCommerce Sales & Distribution Partnerships Drive Continued Operational & Financial Growth

Vancouver, British Columbia–(Newsfile Corp. – April 26, 2021) – The Very Good Food Company Inc. (TSXV: VERYV) (OTCQB: VRYYF) (FSE: 0SI) (“VERY GOOD” or the “Company“), a leading plant-based food technology company, is pleased to announce its financial results for its fiscal fourth quarter and 2020 year ended December 31, 2020.

CEO Mitchell Scott stated, “Our financial

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World Food Program reaches out to South Korea amid crises

by  on  in Food News

April 23 (UPI) — North Korea‘s food situation was a topic of discussion between Seoul and the World Food Program late Friday, according to South Korea’s foreign ministry.

Seoul’s top diplomat Chung Eui-yong spoke to World Food Program Executive Director David Beasley by phone and addressed overcoming the humanitarian crises together, Newsis and Yonhap reported.

Beasley, who accepted the 2020 Nobel Peace Prize on behalf of the WFP in December, evaluated South Korea’s role in responding to major humanitarian crises amid COVID-19.

The WFP chief could be seeking South Korean assistance for Afghanistan, reports said. The WFP has

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Plant-based food worth $7B in 2020, posting 27% growth

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Dive Brief:

  • Plant-based food retail sales were worth $7 billion in 2020, posting a 27% growth rate overall for products that specifically replace animal-derived options, according to SPINS data released by the Good Food Institute and the Plant Based Foods Association (PBFA). A total of 57% of U.S. households purchased plant-based food in 2020, up from 53% in 2019.
  • Plant-based meat had $1.4 billion in sales, growing 45% overall compared to 2019 and making up 2.7% of all U.S. retail packaged meat sales. Refrigerated plant-based meat sales saw the highest growth percentage, up 75% in 2020.
  • The coronavirus pandemic brought
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La Madeleine’s new drive-through bakery is open in Addison

by  on  in Food News

When La Madeleine closed in Addison in January 2019, North Texans lamented the loss of a reliable, homegrown French bakery in an easy-to-access area north of Dallas. But good news comes nearly two years later: The company opened a new restaurant a quarter-mile away, on Feb. 8, 2021.

The new La Madeleine, north of Belt Line Road at Montfort Drive, is a prototype — a test to see if this new style of bakery is popular among customers. It takes the place of a former Steak ‘n Shake.

Notably, this restaurant has a drive-through.

The Petite Market and Bakery, as

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Desert Locust ‘re-invasion’ threatens millions across Horn of Africa |

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According to the agency, locust infestations increased over the past month in Ethiopia and Somalia as a result of extensive breeding, favourable weather and rainfall, with populations predicted to increase further in the coming months. 

“New locust swarms are already forming and threatening to re-invade northern Kenya and breeding is also underway on both sides of the Red Sea, posing a new threat to Eritrea, Saudi Arabia, the Sudan, and Yemen,” FAO said in a news release. 

The greater Horn of Africa region witnessed one of its worst ever Desert Locust infestations, earlier this year. A new crisis

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