Goodfood’s Active Subscribers Count Increases 83% Year-Over-Year and Reaches 230,000
December 03 2019 - 5:30AM
Goodfood Market Corp. (“Goodfood” or “the Company”) (TSX: FOOD), a
leading online grocery company in Canada, announced today it has
reached 230,000 active subscribers with the addition of 30,000 net
new active subscribers in the first quarter of Fiscal 2020 ended
November 30, 2019. This represents an increase of 83% compared to
the same period last year.
“We are very pleased with the solid subscriber
growth achieved during the important back-to-school period.
Obtaining continued growth on a much larger member base confirms
Goodfood’s momentum in the market and among Canadian consumers,”
said Jonathan Ferrari, Chief Executive Officer of Goodfood. “This
subscriber growth was driven by a combination of factors including
the seasonal ramp-up of our targeted marketing campaigns. In
addition, Western Canada continues to grow at a fast pace, and we
have also seen robust growth in Ontario, where we now have as many
members as we do in the province of Quebec and still have ample
runway to add members. Our new product offerings have also begun
contributing more meaningfully to our overall performance as we
scale up our private label grocery products as well as ready-to-eat
meals in new provinces, resulting in a more complete offering to
our members and an increase in average order value,” concluded Mr.
Ferrari.
About GoodfoodGoodfood
(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 its main production
facility and administrative offices based in Montreal, Quebec, a
second production facility in Calgary, Alberta, a breakfast
facility in Montreal, Quebec and is currently building out its new
production facility in Vancouver. Goodfood had 230,000 active
subscribers as at November 30, 2019. www.makegoodfood.ca
For further information:
Investors |
Media |
|
|
Philippe Adam Chief Financial
Officer(855) 515-5191IR@makegoodfood.ca |
Pierre Boucher President(514)
731-0000pierre@maisonbrison.com |
|
|
Roslane Aouameur Head of Investor
Relations(855) 515-5191IR@makegoodfood.ca |
Jennifer McCaughey
Vice-President, Investor Relations(514)
731-0000jennifer@maisonbrison.com |
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