Goodfood Seeks Creditor Protection After CEO Resignation

Goodfood has been running a turnaround effort aimed at cutting costs and refocusing on core meal-kit products. The plan included simplifying the menu and reducing marketing spend, the company said. Goodfood says the plan has improved performance. Financial pressures remain. Debt maturities and interest payments are coming due, and the company's most recent quarterly report warned it could curtail operations if it cannot address those obligations.

Goodfood's struggles are not new. Both co-founders left the business in 2025 within months of each other. The Canadian Food Inspection Agency suspended the company's safe food licence over undisclosed allergens. The suspension lasted several months; it was reinstated in January 2026. Most recently, net sales dropped 21 percent, and the quarterly filing said the company's debts could force a shutdown.

The court is expected to hear Goodfood's motion for the sale process in the coming weeks. No date has been set. Goodfood trades on the Toronto Stock Exchange under the ticker FOOD.