Goodfood Announces New Fulfillment Centre in Montreal to Support Continued Growth of Online Grocery

MONTREAL, Aug. 27, 2020 (GLOBE NEWSWIRE) -- Goodfood Market Corp. (“Goodfood” or “the Company”) (TSX:FOOD), a leading online grocery company in Canada, announced today it has signed a lease for a 45,000 square feet facility in Montreal, further expanding its footprint and capabilities in the key urban centre. This new facility will bring Goodfood’s footprint to 7 facilities across Canada totalling nearly 590,000 square feet of purpose-built online grocery and meal solution delivery fulfillment capacity.

“With the sustained strong demand for e-commerce grocery and meal solutions delivery across Canada, we are excited to have found a facility supporting our efforts to enhance customer experience and to gain share in this market. The 45,000 square feet facility will focus on expanding our private label grocery fulfillment capabilities and serve as a steppingstone to offering same-day delivery to a larger customer base,” said Neil Cuggy, President and Chief Operating Officer of Goodfood. “The facility has the required infrastructure to be operational shortly after the lease takes effect in the early Fall,” concluded Mr. Cuggy.

“The current shift in consumer behavior driving increased demand for online grocery delivered to customers’ homes has been strong and consistent in recent months. This change in consumer habit has transformed how Canadians plan their meals and shop for groceries, and it has motivated us to offer our services with more flexibility while also creating jobs in the community,” added Jonathan Ferrari, CEO of Goodfood. “This medium-term lease puts our operations and Company in a great position to respond to Canadians’ growing appetite for online grocery delivery and cements our position as a leader in the industry,'' concluded Mr. Ferrari.

About Goodfood

Goodfood (TSX:FOOD) is a leading online grocery company in Canada, delivering fresh meal solutions and grocery items that make it easy for members from coast to coast to enjoy delicious meals at home every week. Goodfood’s mission is to make the impossible come true, from farm to kitchen, by enabling members to do their weekly meal planning and grocery shopping in less than 1 minute. 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. The Company has two production facilities (one operational in the Fall) and administrative offices in Montreal, Quebec, two production facilities in the Greater Toronto Area, Ontario (one in operation and another under construction), one production facility in Calgary, Alberta, one production facility in the Vancouver area, British Columbia, and a breakfast facility in Montreal, Quebec. Goodfood had 272,000 active subscribers as at May 31, 2020. www.makegoodfood.ca