On February 11, 2022, Goodfood Market Corp. closed its public offering of C$30 million aggregate principal amount of 5.75% convertible unsecured subordinated debentures due March 31, 2027. The net proceeds from the convertible debenture financing will be used to accelerate the scaling of Goodfood’s on-demand grocery and meal solutions network, through the signing of multiple incremental new micro-fulfillment centers leases, fund their required capital expenditures as well as their initial start-up and expenses, and for general corporate purposes.
The offering was completed through a syndicate of underwriters, co-led by Desjardins Capital Markets and National Bank Financial Inc. and including CIBC World Markets Inc., RBC Dominion Securities Inc., Scotia Capital Inc., Raymond James Ltd., Stifel Nicolaus Canada Inc., Canaccord Genuity Corp. and Acumen Capital Finance Partners Limited.
The Fasken team that advised Goodfood was composed of Neil Kravitz, Caitlin Rose, Matthew Quadrini, Alexandra Freedman, Nancy Xiaoyu Liu and Tristan Lalumière-Roberge (student).
Jurisdiction
- Québec
