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BRIEF-Goodfood Market Corp - Active Subscribers Increased To 89,000 As At August 31, 2018

Published 2018-11-22, 04:06 p/m
© Reuters.  BRIEF-Goodfood Market Corp - Active Subscribers Increased To 89,000 As At August 31, 2018

Nov 22 (Reuters) - Goodfood Market Corp FOOD.TO :

* GOODFOOD REPORTS RECORD FINANCIAL RESULTS FOR FY2018 WITH GROSS MERCHANDISE SALES GROWTH OF 264% AND POSITIVE CASH FLOW FROM OPERATIONS FOR THE YEAR

* ACTIVE SUBSCRIBERS INCREASED TO 89,000 AS AT AUGUST 31, 2018

* ANNOUNCED $13.5 MILLION NON-DILUTIVE DEBT FINANCING TO FUND GROWTH, AUTOMATION AND EXPANSION

* REVENUE FOR Q4 GREW 185% TO $21.4 MILLION

* ADJUSTED NET LOSS FOR Q4 WAS $0.06 PER SHARE (BASIC AND DILUTED)

* DURING Q4, ADDED 13,000 NET NEW SUBSCRIBERS, AN INCREASE OF 17% FROM END OF Q3

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