On February 26, 2020, Goodfood Market Corp. closed its public offering of C$30 million aggregate principal amount of 5.75% convertible unsecured subordinated debentures. The net proceeds from the convertible debenture financing will be used to fund the buildout of a new Toronto production and distribution facility, further investment in the automation of its existing production facilities in Montreal, Calgary and Vancouver and for general corporate purposes.
The offering was completed through a syndicate of underwriters co-led by National Bank Financial Inc. and Desjardins Capital Markets and including Canaccord Genuity Corp., Raymond James Ltd., RBC Dominion Securities Inc., Stifel Nicolaus Canada Inc., TD Securities Inc., Eight Capital and Industrial Alliance Securities Inc.
The Fasken team that advised Goodfood was composed of Neil Kravitz, Caitlin Rose, Matthew Quadrini and Alexandra Freedman.
