MONTREAL, June 6, 2017 /CNW/ - Goodfood Market Corp. (TSX: FOOD), a leader in the Canadian meal-kit industry, today reported its active subscriber levels for the third quarter ending May 31, 2017 of 23,000, representing an increase of 77% over the February 28, 2017 quarter end and increase of 889% over the May 31, 2016 quarter end. The increase in subscribers is mainly attributable to effective online and offline marketing strategies.
"We are pleased to continue reporting strong growth across all our geographies and plans. With the completion of our going public transaction, we are investing significantly in our subscriber experience and look forward to making Goodfood available to more households across Canada," said Jonathan Ferrari, Chief Executive Officer of Goodfood Market Corp.
Goodfood is a dinner subscription service delivering fresh ingredients that make it easy for subscribers to prepare delicious meals at home every week. Subscribers select their favorite recipes from a collection of various original dishes at www.makegoodfood.ca. Goodfood prepares a personalized box of ingredients and delivers it to the subscriber's doorstep with easy step-by-step instructions. Goodfood's objective is take the hassle out of cooking, leaving subscribers with the fun part - cooking, sharing with family and eating.
Notice regarding forward-looking statements:
This release includes forward-looking statements regarding Goodfood and its business. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "is expected", "expects", "scheduled", "intends", "contemplates", "anticipates", "believes", "proposes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Such statements are based on the current expectations of the management of Goodfood. The forward-looking events and circumstances discussed in this release may not occur by certain specified dates or at all and could differ materially as a result of known and unknown risk factors and uncertainties affecting Goodfood, including risks regarding the food industry, economic factors, the equity markets generally and risks associated with growth and competition. Although Goodfood has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. No forward-looking statement can be guaranteed. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and Goodfood undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.
SOURCE Goodfood Market Corp.
For further information: Goodfood Market Corp., (www.makegoodfood.ca), Jonathan Ferrari, Chief Executive Officer, (514) 553-9172 and Neil Cuggy, Chief Operating Officer and Chief Financial Officer, (514) 836-7956