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Goodfood Market Corp Achieves Positive Adjusted EBITDA Amidst Strategic Expansion

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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.

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