Brief: Goodfood Announces Bought Deal Financing To Invest In Automation, Expand Production Capacity In Western Canada

Goodfood Market

06/02/2019 12:59

Feb 6 (Reuters) - Goodfood Market Corp  FOOD.TO :
    * GOODFOOD ANNOUNCES BOUGHT DEAL FINANCING TO INVEST IN
AUTOMATION, EXPAND PRODUCTION CAPACITY IN WESTERN CANADA AND
SCALE-UP NEW PRODUCT CATEGORIES
    * GOODFOOD MARKET CORP - UNDERWRITERS HAVE AGREED TO
PURCHASE FROM
COMPANY 5.7 MILLION COMMON SHARES OF COMPANY
    * GOODFOOD MARKET CORP - UNDERWRITERS HAVE AGREED TO
PURCHASE FROM
SELLING SHAREHOLDERS AN AGGREGATE OF 1.4 MILLION COMMON SHARES
OF COMPANY
    * GOODFOOD MARKET - FINANCING TO ALLOW CO TO FURTHER
AUTOMATE BOTH
MONTREAL & CALGARY FACILITIES, EXPAND WESTERN CANADA'S
PRODUCTION CAPACITY
    * GOODFOOD MARKET CORP - SHARES ARE BEING BOUGHT AT A PRICE
OF
$3.50 PER OFFERED SHARE

Source text for Eikon:  ID:nGNX7MNZ45 
Further company coverage:  FOOD.TO 

 (Reuters.Briefs@thomsonreuters.com)