Goodfood Confirms Common Share Repayment Right in Respect of 2025 Debentures

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.

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