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Goodfood Market Corp ( (TSE:FOOD) ) just unveiled an update.
Goodfood Market Corp announced its decision to repay the outstanding principal amount of $6.232 million of its 5.75% convertible unsecured subordinated debentures due on March 31, 2025, by issuing common shares instead of cash. This strategic move is aimed at maintaining a strong cash balance and enabling the company to pursue potential acquisitions and value-enhancing initiatives, thereby positioning itself for long-term growth and value creation for stakeholders.
More about Goodfood Market Corp
Goodfood Market Corp is a leading Canadian online meal solutions company that delivers fresh meals and add-ons to customers nationwide, focusing on sustainability and reducing food waste. Headquartered in Montreal, Quebec, with production facilities in Quebec and Alberta, Goodfood aims to become Canada’s most loved millennial food brand.
YTD Price Performance: -15.58%
Average Trading Volume: 81,795
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: C$25.82M
Learn more about FOOD stock on TipRanks’ Stock Analysis page.