The Very Good Food Company Inc.: The Very Good Food Company Announces Record Monthly Sales
(CSE: VERY) (OTCQB: VRYYF) (FSE: 0SI) ("
VERY" or the "
Company"), a progressive creator of innovative plant-based food products, is pleased to announce record sales in November due to highly successful Thanksgiving, Black Friday and Cyber Monday e-commerce sales promotions.
November Record Monthly Revenue
VERY achieved a new record for monthly sales in November 2020 of $782,790, an increase of 582% over November 2019 due to increased e-commerce sales attributable to American Thanksgiving along with Black Friday and Cyber Monday sales promotions.
E-commerce sales in November were $600,671 resulting from 6,258 orders, an increase of $292,486 from the prior month, and $550,429 compared to November 2019. American Thanksgiving attributed to $384,045 in e-commerce sales in November 2020 representing 4,287 orders; approximately a 1686% increase in the number of orders compared to November 2019. E-commerce revenue from Black Friday and Cyber Monday promotions was $191,512. Sales from these promotions is evidence of the effectiveness of VERY's various e-commerce marketing initiatives to build brand awareness and demand for VERY's products. These initiatives will support the Company's next phase of growth and increased production capacity coming online in Q1 2021 from the Rupert facility.