Goodfood Market has launched a review of strategic alternatives as the financially troubled company seeks to keep its business afloat.

Montreal-based Goodfood said the review is aimed at stabilizing the company’s financial position and reducing its debt while continuing to operate and serve customers.

The company said the review will examine strategic alternatives intended to strengthen its long-term financial stability for the benefit of stakeholders. However, it cautioned that there is no assurance that a viable solution will be found or implemented successfully, and investors could face a significant decline in the value of their investment.

The announcement follows the release of the company’s third-quarter financial results on July 21. In its management’s discussion and analysis and interim financial statements for the periods ended June 6, 2026, Goodfood said a material uncertainty exists that raises significant doubt about its ability to continue as a going concern.

The company reported a negative working-capital position and said it will require additional financing, refinancing or other alternatives to meet obligations related to its outstanding debentures. Without such measures, Goodfood said it may be forced to curtail operations.

Goodfood describes itself a digital “meal-solutions” company that delivers meal kits and prepared meals across Canada. The company operates production facilities in Quebec and Alberta and sources products directly from partner farms and suppliers.

Photo: Goodfood