Goodfood Provides Update on TSX Listing Status

MONTREAL, Aug. 25, 2026 (GLOBE NEWSWIRE) -- Goodfood Market Corp. (“Goodfood” or the “Company”) (TSX: FOOD), a leading Canadian online meal solutions company, announced today that the Toronto Stock Exchange (the “TSX”) has converted their delisting review of the Company from their Expedited Review Process to their Remedial Review Process. The TSX had initially applied the Expedited Review when the Company secured on August 5, 2026 court approval to proceed under the Companies' Creditors Arrangement Act (the “CCAA”).

As a result of this decision, Goodfood has now been granted 60 days to establish compliance with the listing requirements of the TSX.

Goodfood remains committed to the completion of its court-ordered sale and investment solicitation process (the “SISP”) in connection with the Company’s operating under the CCAA as announced on August 14, 2026. Under this sales process, binding offers for all of its assets (excluding its equity interest in Genuine Tea, which is being sold under a parallel but separate process) are due by no later than September 28, 2026.

Any party interested in participating in the SISP should contact the Monitor for additional information regarding the process and the delisting review.

Raymond Chabot Inc., in its capacity as court-appointed Monitor of Goodfood Market Corp.
600, rue De La Gauchetière Ouest
Bureau 2000
Montréal, QC H3B 4L8
Attn: Gautier Péchadre
Email: pechadre.gautier@rcgt.com

Goodfood continues to operate and serve customers across Canada. Customers continue to place orders, and the Company expects to continue fulfilling customer orders in the ordinary course throughout the restructuring process.

The Company is also working with its suppliers and business partners in the ordinary course and remains focused on maintaining strong commercial relationships. For goods and services provided after the CCAA filing date, the Company anticipates that its obligations to suppliers will continue to be addressed in accordance with existing commercial arrangements.

Goodfood’s Board of Directors and management team remain in place, and management continues to be responsible for the day-to-day operation of the business. The SISP forms part of the Company’s broader financial restructuring and does not change management’s focus on operating the business, serving customers and implementing the Company’s turnaround plan.

Court materials and other information relating to the Company’s CCAA proceedings, including the order approving the SISP and the SISP procedures, are available on the Monitor’s website at https://www.raymondchabot.com/en/business/public-records/goodfood. The Company will provide further updates as material developments occur.

ABOUT GOODFOOD

Goodfood (TSX: FOOD) is Canada’s leading digitally native meal solutions brand, delivering fresh meals that make it easy for customers nationwide to enjoy delicious, sustainable meals at home. Goodfood connects partner farms and suppliers directly to customers’ kitchens, reducing food waste and retail overhead. Headquartered in Montreal, Québec, with production facilities in Québec and Alberta, Goodfood is building Canada’s most loved millennial food brand.

MEDIA CONTACT

Najib Maalouf
President and Chief Executive Officer, Goodfood Market Corp.
najib.maalouf@makegoodfood.ca

FORWARD-LOOKING INFORMATION

This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Such forward-looking information includes, but is not limited to, information with respect to our objectives and the strategies to achieve these objectives, as well as information with respect to our beliefs, plans, expectations, anticipations, assumptions, estimates and intentions. This forward-looking information is identified by the use of terms and phrases such as “may”, “would”, “should”, “could”, “expect”, “intend”, “estimate”, “anticipate”, “plan”, “foresee”, “believe”, and “continue”, as well as the negative of these terms and similar terminology, including references to assumptions, although not all forward-looking information contains these terms and phrases. Particularly, statements regarding the Company’s ability to continue as a going concern, that management’s attention may be diverted from ongoing operations as a result of the CCAA process, that additional financing or re-financing, a strategic change, transaction or any outcome will result from or be consummated or implemented as a result of the CCAA process and that any financing, re-financing or transaction resulting from the CCAA process, if any, will ultimately result in stabilizing the Company’s financial position and debt levels for the benefit of all of its stakeholders, and as to value of the Company’s securities. Forward-looking information is provided for the purposes of assisting the reader in understanding the Company and its business, operations, prospects and risks at a point in time in the context of historical trends, current condition and possible future developments and therefore the reader is cautioned that such information may not be appropriate for other purposes.

Forward-looking information is based upon a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond our control, which could cause actual results to differ materially from those that are disclosed in, or implied by, such forward-looking information. These risks and uncertainties include, but are not limited to, the potential inability of the Company to continue as a going concern and risks and uncertainties related to the CCAA process, and the risk factors discussed under “Risk Factors” in the Company’s Annual Information Form for the 52 weeks ended September 6, 2025, available on SEDAR+ at www.sedarplus.ca and under the “Events and Presentations” section of our website at www.makegoodfood.ca/en/investors. This is not an exhaustive list of risks that may affect the Company’s forward-looking statements. Other risks not presently known to the Company or that the Company believes are not significant could also cause actual results to differ materially from those expressed in its forward-looking statements. Although the forward-looking information contained herein is based upon what we believe are reasonable assumptions, readers are cautioned against placing undue reliance on this information since actual results may vary from the forward-looking information. Certain assumptions were made in preparing the forward-looking information concerning the availability of capital resources, business performance, market conditions, as well as customer demand and, in connection with the CCAA process, our ability to obtain necessary court orders to complete the restructuring.

Consequently, all of the forward-looking information contained herein is qualified by the foregoing cautionary statements, and there can be no guarantee that the results or developments that we anticipate will be realized or, even if substantially realized, that they will have the expected consequences or effects on our business, financial condition or results of operation. Unless otherwise noted or the context otherwise indicates, the forward- looking information contained herein is provided as of the date hereof, and we do not undertake to update or amend such forward-looking information whether as a result of new information, future events or otherwise, except as may be required by applicable law.