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The latest announcement is out from Goodfood Market Corp ( (TSE:FOOD) ).
Goodfood Market Corp reported financial results for the first quarter of Fiscal 2025, with net sales of $35 million and a gross profit of $14 million. Despite a net loss of $2 million, the company achieved positive adjusted EBITDA for the eighth consecutive quarter and maintained a healthy cash balance of $21 million. The acquisition of Genuine Tea marks a strategic move to diversify its offerings and strengthen its market position, aiming for sustainable growth and cash flow generation.
More about Goodfood Market Corp
Goodfood Market Corp is a leading Canadian online meal solutions company, focused on providing high-quality meal solutions and innovating its product offerings.
YTD Price Performance: 24.68%
Average Trading Volume: 115,409
Technical Sentiment Consensus Rating: Hold
Current Market Cap: C$37.12M
See more insights into FOOD stock on TipRanks’ Stock Analysis page.
