Dividend Power Score
A single, comprehensive score designed to measure the true strength of a company’s dividend.
This score combines three essential pillars of dividend quality:
Consistency – Measures how reliable the dividend has been over time, focusing on payment history, stability, and the absence of cuts or suspensions.
Payability – Assesses the company’s financial ability to sustain its dividend, taking into account cash flow, earnings coverage, balance sheet strength, and overall financial health.
Growth – Evaluates the long-term growth of both the dividend and the company’s share price, highlighting businesses that consistently increase payouts while creating shareholder value.
Higher scores identify companies that have historically delivered dependable income alongside sustained dividend growth and long-term capital appreciation.
Company Overview
The Very Good Food Company Inc. was a Canadian plant-based food company that developed, produced, and marketed vegan meat and cheese alternatives under the The Very Good Butchers and The Very Good Cheese Co. brands. The company operated within the plant-based protein and alternative foods industry, targeting consumers seeking meat-free and dairy-free products through direct-to-consumer e-commerce channels, wholesale distribution, and retail grocery partnerships. Its primary revenue drivers historically included packaged plant-based meats, prepared food products, and branded consumer packaged goods sold in Canada and the United States.
The company was founded in 2016 in Victoria, British Columbia, and expanded rapidly during the broader growth cycle in plant-based food markets. VGFCQ pursued a vertically integrated operating model that combined manufacturing, branding, e-commerce, and retail distribution. The company positioned itself around clean-label ingredients, small-batch production origins, and direct customer engagement through online sales. However, following operational and liquidity challenges, the company entered insolvency proceedings, and public disclosures indicate substantial restructuring activity. Certain operational details after bankruptcy proceedings are limited, and some post-restructuring information is inconclusive based on available public sources.
Business Operations
The company’s operations historically centered on the production and sale of plant-based food products through its core branded business units, including The Very Good Butchers and The Very Good Cheese Co. Revenue was generated through multiple channels, including direct-to-consumer online subscriptions and orders, wholesale relationships, foodservice partnerships, and retail grocery distribution. Manufacturing operations included production facilities in British Columbia and expansion efforts in the United States intended to increase production scale and support North American distribution.
VGFCQ maintained operations primarily in Canada and the United States, with distribution relationships extending into select international markets. The company controlled manufacturing, product formulation, packaging, and brand marketing activities internally. Public filings and corporate disclosures referenced strategic infrastructure investments, including production facilities and fulfillment capabilities intended to support scaling. The company also entered into various supplier, retail, and distribution relationships during its expansion phase, though several initiatives were later impacted by financial constraints and restructuring proceedings.
Strategic Position & Investments
The company’s strategic direction focused on expanding its position in the rapidly growing plant-based protein sector through increased manufacturing capacity, retail penetration, and product diversification. Growth initiatives included investments in production infrastructure, expansion into U.S. operations, broader grocery distribution, and development of new plant-based food categories. VGFCQ also emphasized direct consumer engagement through digital commerce and subscription-based sales channels as part of its customer acquisition strategy.
Major investments included the development and scaling of manufacturing facilities in British Columbia and the United States, as well as acquisitions connected to vegan cheese and specialty plant-based product capabilities. The company’s portfolio included The Very Good Butchers and The Very Good Cheese Co. brands, which represented its primary consumer-facing assets. Public filings indicate that the company sought to capitalize on long-term consumer demand trends related to sustainability, alternative proteins, and health-conscious eating. However, aggressive expansion, operational execution challenges, and financing pressures materially affected its financial position. Certain investment outcomes and restructuring details remain inconclusive based on available public sources.
Geographic Footprint
The company was headquartered in Victoria, British Columbia, Canada, and primarily operated across Canada and the United States. Its products were distributed through online sales platforms, grocery retailers, and foodservice channels throughout North America. Expansion efforts into the U.S. market represented a major strategic priority, particularly through manufacturing and distribution investments intended to improve logistics and retail accessibility.
VGFCQ’s market presence was concentrated in North America, though the company pursued broader brand awareness in international plant-based food markets through e-commerce and selected export relationships. Operational influence outside Canada included manufacturing and distribution initiatives in the United States designed to support long-term scaling. Following insolvency proceedings, the extent of ongoing international operations and retained market presence is not fully verifiable through currently available public disclosures.
Leadership & Governance
The company was founded by individuals associated with the development of the The Very Good Butchers brand and the broader plant-based food concept that formed the basis of the business. Leadership publicly emphasized sustainability, ethical food production, and scaling plant-based alternatives into mainstream retail channels. Governance and executive leadership evolved significantly during periods of rapid expansion and subsequent restructuring activity.
Key executives and leadership figures publicly associated with the company included:
- Mitchell Scott – Chief Executive Officer
- Jordan Rogers – Co-Founder
- James Davison – Chief Financial Officer
- Alyssa Medema – Chief Marketing Officer
Public company filings, including disclosures associated with Canadian securities regulators and restructuring proceedings, indicate multiple leadership and governance changes during the company’s later operational stages. Some executive timelines and post-insolvency governance structures are inconclusive based on available public sources.