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Goodfood Market Corp. (T:FOOD)

Business Focus: E-commerce & Auction Services

Sector:  Technology Industry:  Online Services
See Regulatory Filings on SEDAR
Company Contact
Address: 4600 Hickmore St
Tel: 1-855-5155191
IR: See website
Key People
Jonathan Ferrari
Chairman of the Board, Chief Executive Officer, Co-Founder
Neil Cuggy
President, Co-Founder, Chief Operating Officer, Director
Jonathan Roiter
Chief Financial Officer
Jennifer Stahlke
Executive Vice President - Marketing and Member Happiness
Mohammad Awada
Executive Vice President - Head of Strategic Execution
Simon Brown
Executive Vice President - Product and Merchandising
Gregory Christopher
Executive Vice President - Operations
Bipasha Chiu
Chief Technology Officer
Nadia Jubinville
Vice President - Legal Affairs, General Counsel, Corporate Secretary
Business Overview
Goodfood Market Corp. is a Canada-based online grocery company. The Company is focused on delivering fresh meal solutions and grocery items for members from across Canada. The Company's unlimited same-day grocery delivery service, Goodfood WOW, offers an even more flexible and convenient online grocery experience, allowing members to order any combination of meal kits, groceries, prepared meals and other products as frequently as needed during the week, with same-day delivery included for all orders over $35, for a monthly subscription fee. The Company's main production facility and administrative offices are based in Montreal, Quebec, with additional production facilities located in the provinces of Quebec, Ontario, Alberta, and British Columbia. It has approximately 317,000 active subscribers.
Financial Overview
For the fiscal year ended 31 August 2021, GoodfoodMarket Corp revenues increased 33% to C$379.2M. Net lossincreased from C$4.1M to C$31.8M. Revenues reflect OnlineSales - Total increase of 33% to C$379.2M. Higher net lossreflects Selling, general and administrative increase of63% to C$136.4M (expense), Depreciation and amortizationincrease of 65% to C$8.8M (expense).
Employees: 3,200 as of Aug 31, 2021
Reporting Currency: Canadian Dollars
Enterprise value: $243.18M as of Aug 31, 2021
Annual revenue (TTM): $379.23M as of Aug 31, 2021
EBITDA (TTM): -$19.38M as of Aug 31, 2021
Net annual income (TTM): -$31.79M as of Aug 31, 2021
Free cash flow (TTM): -$35.11M as of Aug 31, 2021
Net Debt Last Fiscal Year: N/A
Shares outstanding: 75,047,960 as of Jan 12, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization