MONTREAL, March 03, 2020 (GLOBE NEWSWIRE) --
Goodfood Market Corp. (“Goodfood” or “the Company”) (TSX:FOOD), a leading online grocery company in Canada, announced today it has reached 246,000 active subscribers with the addition of 16,000 net new active subscribers in the second quarter of Fiscal 2020 ended February 29, 2020. This represents an increase of 55% compared to the same period last year.
“We maintained strong subscriber growth momentum during the second quarter and are pleased with the continued penetration of Goodfood across the country. Consistently expanding our large member base from coast to coast solidifies Goodfood’s leading position as a grocery and meal solutions provider among Canadian consumers,” said Jonathan Ferrari, Chief Executive Officer of Goodfood. “Reactivations and successful marketing campaigns with sports teams and prominent athletes like Toronto basketball champion Serge Ibaka, along with new product offerings were key drivers of subscriber additions this quarter. With the imminent opening of our Vancouver facility and our recent announcement of an upcoming flagship Toronto fulfilment centre, we are well positioned to execute our strategy and continue our strong growth trajectory,” concluded Mr. Ferrari.