Business
Goodfood Confirms Common Share Repayment Right in Respect of 2025 Debentures
MONTREAL and TORONTO, March 24, 2025 (GLOBE NEWSWIRE) -- Goodfood Market Corp. (“Goodfood&...
About this update from Goodfood Market Corp.
[{"type":"text","content":"Goodfood Confirms Common Share Repayment Right in Respect of 2025 Debentures\n\n\n\n MONTREAL and TORONTO, March 24, 2025 (GLOBE NEWSWIRE) -- Goodfood Market Corp. (“Goodfood” or “the Company”) (TSX: FOOD), a leading Canadian online meal solutions company, today confirmed, further to its press release dated March 17, 2025, that it will issue a total of 19,271,032 common shares to holders of its $6.232 million of outstanding debentures in full satisfaction of the principal amount owing upon maturity. The issuance of shares in lieu of cash repayment reflects the Company’s continued efforts to strengthen its balance sheet and preserve liquidity to pursue value-creating opportunities. The shares will be issued at a price of approximately $0.32, in accordance with previously disclosed terms.\n \n\n\n About Goodfood\n \n\n\n Goodfood (TSX: FOOD) is Canada’s leading digitally native meal solutions brand, delivering fresh meals and add-ons that make it easy for customers nationwide to enjoy delicious, sustainable meals at home. Goodfood connects partner farms and suppliers directly to customers’ kitchens, reducing food waste and retail overhead. Headquartered in Montreal, Québec, with production facilities in Quebec and Alberta, Goodfood is building Canada’s most loved millennial food brand.\n \n\n\n For further information:\n \n\n\n\n\n\n Investors and Media\n \n\n\n\n\n\n\n\n\n\n\n\n\n Roslane Aouameur\n \n Chief Financial Officer\n \n\n [email protected]\n \n\n\n Jennifer Stahlke\n \n Chief Customer Officer\n \n\n [email protected]\n \n\n\n\n\n\n\n\n FORWARD LOOKING STATEMENTS\n \n\n\n\n This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Such forward-looking information includes, but is not limited to, information with respect to our objectives and the strategies to achieve these objectives, as well as information with respect to our beliefs, plans, expectations, anticipations, assumptions, estimates and intentions, including, without limitation, statements in the “Financial Outlook” section of the MD&A. This forward-looking information is identified by the use of terms and phrases such as “may”, “would”, “should”, “co...