Goodfood Market Corp Strengthens Financial Position with Share Issuance

Goodfood Market Corp ( (TSE:FOOD) ) has provided an update.

Goodfood Market Corp announced it will issue 19,271,032 common shares to holders of its outstanding debentures, in full satisfaction of the principal amount due upon maturity. This strategic move is aimed at strengthening the company’s balance sheet and preserving liquidity, allowing Goodfood to pursue value-creating opportunities, which could potentially enhance its market position and benefit stakeholders.

More about Goodfood Market Corp

Goodfood Market Corp is a leading Canadian online meal solutions company that provides fresh meals and add-ons, connecting partner farms and suppliers directly to customers’ kitchens. Headquartered in Montreal, Quebec, with production facilities in Quebec and Alberta, Goodfood aims to build Canada’s most loved millennial food brand by reducing food waste and retail overhead.

YTD Price Performance: -16.88%

Average Trading Volume: 80,188

Technical Sentiment Signal: Strong Buy

Current Market Cap: C$25.43M

Find detailed analytics on FOOD stock on TipRanks’ Stock Analysis page.