Goodfood Market Corp. announced on August 14, 2026, that the Superior Court of Québec, Commercial Division, granted an order approving a sale and investment solicitation process in connection with Goodfood’s proceedings under the Companies’ Creditors Arrangement Act. The process will be conducted by Goodfood’s board of directors together with Raymond Chabot Inc., the Court-appointed Monitor. It is intended to solicit proposals for a purchase of, or investment in, Goodfood, its business and/or its assets, with the objective of identifying a value-maximizing transaction for stakeholders. No transaction has been selected or approved at this stage. 

The approved SISP includes two separate bidding tracks. For Goodfood’s assets other than the shares it holds in 16423132 Canada Inc., the wholly owned subsidiary that holds approximately 80 percent of Genuine Tea Inc., binding offers are due by September 28, 2026. For the 16423132 Canada Inc. shares, non-binding letters of intent are due by September 28, 2026, followed by binding offers by October 30, 2026. If successful bids are selected, Goodfood expects to seek Court approval, with closing to occur no later than November 6, 2026 for the GF Business and December 7, 2026 for the 164 Shares, subject to the SISP terms and applicable Court approval.