VANCOUVER, BC, Nov. 30, 2022 /PRNewswire/ - The Very Good Food Company Inc. (NASDAQ:VGFC) (TSXV:VERY-V.VN) (FSE:OSI) ("VERY GOOD" or the "Company") today announced that it has determined that it is not in compliance with the cash coverage ratio financial covenant of not less than 2.50:1:00, as required pursuant to the terms of its loan agreement (the "Loan Agreement") with Waygar Capital Inc. ("Waygar"), which occurrence constitutes an event of default under the Loan Agreement (the "Default").
Read more at prnewswire.comTHE VERY GOOD FOOD COMPANY RECEIVES RESERVATION OF RIGHTS FROM LENDER IN RESPECT OF FINANCIAL COVENANT DEFAULT
PR Newswire - Press Release
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