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GlobeNewswireProceeds to be Utilized to Release Same-Day Shipment in Additional Cities and Expand Innovation, Automation and Robotics PlatformsNOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. MONTREAL, Qubec, Feb. 03, 2021 (GLOBE NEWSWIRE)– Goodfood Market Corp. (“Goodfood” or the “Business”) (TSX: FOOD), a leading online grocery business in Canada, revealed today that it has participated in a contract with a distribute of underwriters co-led by Desjardins Capital Markets and RBC Rule Securities Inc.

50 per Typical Share (the “Offering Price”) for aggregate gross profits to Goodfood of around $60. 0 million (the “Offering”). The Underwriters have actually also been approved an alternative (the “Over-Allotment Choice”), exercisable in entire or in part and from time to time, at any time up until one month after the closing of the Offering, to acquire from the Company up to 720,000 additional Typical Shares at the Offering Cost for extra gross profits of approximately roughly $9.

If the Over-Allotment Option is worked out by the Underwriters completely, aggregate gross earnings of the Offering (including the Over-Allotment Choice) will be around $69. 0 million. The Common Shares will be provided by way of a short kind prospectus to be filed in all of the provinces of Canada.

“Increasing shipment speed and flexibility are essential components of Goodfood’s strategic strategy. On the back of an effective launch of Goodfood WOW, our same-day delivery service, in Montreal and the Greater Toronto Area, we will now want to build on that success in Vancouver, Calgary, Ottawa and Quebec City as well as expand same-day availability in both Montreal and Toronto,” stated Jonathan Ferrari, President of Goodfood.

Ferrari. The Offering is expected to close on or about February 24, 2021 and is subject to specific conditions including, however not limited to, the invoice of all needed business and regulative approvals, including the approval of the Toronto Stock Exchange and the relevant securities regulatory authorities. The securities being used have not been, nor will they be, signed up under the United States Securities Act of 1933, as changed, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S.

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