Americans can now buy shares in the Canadian Vegan Butcher Company
This month, shares in Canadian vegan firm The Very Good Meals Firm Inc. (ticker VRYYF) had been offered to People through the OTCQB market– A danger market operated by OTC Markets Group designed for early stage and growth corporations based mostly within the US and internationally. The corporate stands behind Canada The very good butchers, a model based in 2016 by married couple James Davison and Tania Friesen that sells vegan meats and cheeses at Canadian retailers and thru a subscription service, and operates a storefront within the Victoria Public Market that sells vegan merchandise and comfort meals. The corporate additionally trades on the Frankfurt Inventory Alternate in Germany beneath the ticker “0SI” and its growth into the OTCQB market won’t interrupt buying and selling in different markets.
In June, The Very Good Meals Firm (beneath the ticker SEHR) started buying and selling on the Canadian Inventory Alternate (CSE) and noticed its share worth rise 800 p.c after its first few days of buying and selling. In August, The Very Good Butchers introduced plans to broaden gross sales into the USA, backed by $ 8.5 million raised by closing oversubscribed funds from its public providing.
“We have now seen elevated buying and selling quantity amongst US buyers as our model gained worldwide recognition,” mentioned Mitchell Scott, CEO of Very Good Meals Firm. “With an improve to the OTCQB, we anticipate our shares to change into extra broadly accessible to various American buyers and we hope that we are able to proceed to achieve momentum and broaden our shareholder base internationally.”
Very Good Meals Firm is the second plant-based meat firm to go public, following Past Meat’s itemizing on NASDAQ final Could. Share costs rose 163 p.c on the primary day of buying and selling, making them the best-performing share on the primary day of 2019.