On February 22, 2019, Goodfood Market Corp. (“Gooodfood”) completed a bought deal public offering of common shares for aggregate gross proceeds of C$26.3 million, of which C$21 million were gross proceeds to Goodfood. Goodfood intends to use the net proceeds of the offering for investments in automation, the expansion of Western Canada’s production capacity, breakfast and ready-to-eat meal solutions, sustainable packaging, working capital and general corporate purposes.
The offering was completed on a bought deal basis with a syndicate of underwriters, led by GMP Securities L.P., and including Desjardins Securities Inc., National Bank Financial Inc., Acumen Capital Finance Partners Limited, Scotia Capital Inc., RBC Dominion Securities Inc., Raymond James Ltd., Canaccord Genuity Corporation and PI Financial Corp..
The Fasken team that advised Goodfood Market Corp. was composed of Neil Kravitz, Caitlin Rose, Matthew Quadrini and Alexandra Freedman.
