Goodfood Market Corp Announces Key Management Changes

Goodfood Market Corp ( (TSE:FOOD) ) has issued an announcement.

Goodfood Market Corp announced a significant management change with the departure of Neil Cuggy, co-founder, President, and COO, effective January 16, 2026. Selim Bassoul, the non-executive Chair, will assume the role of Executive Chair, guiding the company’s strategic direction and leadership structure to support its growth. This transition is part of Goodfood’s transformation plan to strengthen its core operations and explore long-term value opportunities for shareholders.

The most recent analyst rating on (TSE:FOOD) stock is a Hold with a C$0.30 price target. To see the full list of analyst forecasts on Goodfood Market Corp stock, see the TSE:FOOD Stock Forecast page.

Spark’s Take on TSE:FOOD Stock

According to Spark, TipRanks’ AI Analyst, TSE:FOOD is a Neutral.

Goodfood Market Corp’s overall stock score is primarily impacted by its financial challenges, including negative equity and cash flow issues. While the company shows positive momentum and strategic growth initiatives, the negative valuation metrics and declining customer base weigh heavily on the score.

To see Spark’s full report on TSE:FOOD stock, click here.

More about Goodfood Market Corp

Goodfood Market Corp is Canada’s leading digitally native meal solutions brand, offering fresh meals and add-ons that facilitate easy, sustainable home dining. The company connects partner farms and suppliers directly to customers, aiming to reduce food waste and retail overhead. Headquartered in Montreal, Quebec, Goodfood operates production facilities in Quebec and Alberta, focusing on becoming a beloved millennial food brand in Canada.

Average Trading Volume: 146,459

Technical Sentiment Signal: Sell

Current Market Cap: C$23.35M

See more insights into FOOD stock on TipRanks’ Stock Analysis page.