Veg of Lund signs letter of intent for distribution and sales of DUG in China
Veg of Lund has signed a Letter of Intent (“LOI”) with Haofood Shanghai Food Technology Co., Ltd. The companies will cooperate with the common goal of selling, marketing and distributing Veg of Lund’s products under the DUG® brand in China and select other markets in the region during the first quarter 2024."The letter of intent is a continuation of implementing the strategy of partly distribution based business model to complement license and direct sales. Haofood is established in sales and marketing of plant-based products in the region and an excellent partner in bringing our propriety