Veg of Lund signs letter of intent for production and distribution of DUG in Southeast Asia
Veg of Lund has signed a Letter of Intent (“LOI”) with DenEast Vietnam Co., Ltd. The companies will cooperate with the common goal of launching, producing and distributing Veg of Lund products under the DUG[®] brand in several countries in Southeast Asia, starting in Vietnam, Thailand and Singapore in early 2023.“The letter of intent is a step in our strategy to license the production of our proprietary foods to established players with extensive experience in premium consumer products. We look forward to working with partners who have a strong position in countries with large populations,