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Goodfood Repays $6.232 million Outstanding Principal of 2025 Debentures

Mar 17, 2025•over 1 year ago

Contract Type

contract

CanadaOtherFood and BeverageHospitality

Description

Goodfood Market Corp. has announced its intention to repay the outstanding principal amount of $6.232 million of its 5.75% convertible unsecured subordinated debentures by exercising its option to deliver common shares to the holders of the Debentures. The company's decision to repay the remaining balance in shares instead of cash is aimed at maintaining maximum flexibility and a strong cash balance, allowing the allocation of new capital to potential acquisitions and other value-enhancing initiatives.

Company Information

Company

Goodfood Market

Location

4600 HICKMORE

Canada

About

At Goodfood, we make good things happen. Everyday, we empower our team members to think big, build something innovative, and witness the impact of their contribution. Join the team that has fun making the impossible come true everyday! We're a group of passionate and proud Goodfoodies on a mission to revolutionize the future of food with our innovative and dynamic culture. What you do here matters, and when you grow with us your career journey has endless possibilities! We are Canada’s largest independent online grocery company, which became a billion dollar brand in 2021. Jonathan Ferrari and Neil Cuggy co-founded Goodfood in Montreal in 2014 with the goal of changing the way Canadians cook. Goodfood members get access to a unique selection of products online as well as exclusive pricing made possible by its world class direct to consumer fulfilment ecosystem that cuts out food waste and expensive retail overhead. Today, Goodfood is a team of over 1500 passionate individuals planning, preparing and delivering delicious meals daily across Canada, including locations in Toronto, Montreal, Vancouver & Calgary. Goodfood delivers to more than 300,000 happy households from coast to coast. The Company has been publicly traded on the Toronto Stock Exchange since June 2017 (TSX:FOOD).

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