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Very Good Food Company Inc (The)
Symbol VERY
Shares Issued 85,056,573
Close 2020-09-21 C$ 1.60
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Very Good Food appoints Hitkari as CFO

2020-09-22 07:22 ET - News Release

Mr. Mitchell Scott reports

THE VERY GOOD FOOD COMPANY ANNOUNCES APPOINTMENT OF NEW CHIEF FINANCIAL OFFICER

The Very Good Food Company Inc. has appointed Kamini Hitkari as the company's new chief financial officer. Ms. Hitkari brings extensive experience in developing and leading financial strategy in dynamic, hypergrowth industries.

Chief executive officer Mitchell Scott commented: "We are excited to welcome Kamini to Very Good Food as we continue to scale operations and expand to the United States. Her experience, combined with her knowledge of the CPG industry and involvement in scaling high-growth companies, will be an important asset as we enter our next phase of growth."

Ms. Hitkari has more than 15 years of corporate finance experience and during that time has held progressively senior finance roles with public companies. Most recently, Ms. Hitkari served as the chief financial officer of Experion Holdings Ltd., where she led corporate and financial strategy and helped launch Experion's leading brand, Citizen Stash, across Canada, achieving significant revenue growth. Prior to that, she was the vice-president of strategic finance with Aurora Cannabis where she was a key contributor in over 10 strategic transactions, ranging from $1-million to $2.6-billion, including valuation, risk assessment and integration activities.

Ms. Hitkari succeeds Drew Bonnell, who has served as a director of the company and chief financial officer since 2019 and will remain on the board and continue to serve as corporate secretary, strategic adviser and project consultant to the company.

Mr. Scott commented: "We are grateful to Drew for his contributions and leadership over the past year during which he was instrumental in the successful completion of our IPO and recent bought deal prospectus offering. Drew joined VGF in July, 2019, with a mandate, among other things, to lead us through the going-public process. As we are now well under way on our journey as a public company it is a good time for a CFO transition to allow Drew to resume his prior projects."

In connection with her appointment Ms. Hitkari has been granted 250,000 options exercisable at a price of $1.68 until Sept. 21, 2025.

About The Very Good Food Company Inc.

The Very Good Food Company is an emerging plant-based food technology company that designs, develops, produces, distributes and sells a variety of plant-based meat and other food alternatives. Its mission is to employ plant-based food technology to create products that are delicious while maintaining a wholesome nutritional profile. To date the company has developed a core product line under the Very Good Butchers brand.

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