Mr. Serge Vallieres reports

GOODFOOD PROVIDES UPDATE AND ANNOUNCES REVIEW OF STRATEGIC ALTERNATIVES

Further to the release of financial statements and management's discussion and analysis for the third quarter on July 21, 2026, as Goodfood Market Corp. continues to execute on, and is committed to, its strategy and business plan and continuing to supply its loyal clients, the company will conduct a review of the strategic alternatives available to it to stabilize its financial position and debt levels. The review will be focused on arriving at a solution that will place the company in a position to ensure its long-term stability for the benefit of all of its stakeholders. There can, however, be no certainty that such alternatives can be implemented. In such circumstances, the company's investors could see the value of their investment decrease significantly.

Goodfood issued its third quarter financial results, management's discussion and analysis, and interim condensed consolidated financial statements for the 13- and 39-week periods ended June 6, 2026, on July 21, 2026. In the financial statements and MD&A, it was indicated that a material uncertainty exists that may cast significant doubt about the company's ability to continue operating as a going concern and realize its assets and settle its liabilities and commitments in the normal course of business. The financial statements and MD&A set out a negative working capital position and also provided, as previously indicated, that additional financing or refinancing or alternatives would be required with respect to its obligations under outstanding debentures, falling which it could need to curtail operations.

A full version of the company's MD&A and interim condensed consolidated financial statements for the 13- and 39-week periods ended June 6, 2026, is available on the company's SEDAR+ profile and on the company's website.

About Goodfood Market Corp.

Goodfood is Canada's leading digitally native meal solution brand, delivering fresh meals that make it easy for customers nationwide to enjoy delicious, sustainable meals at home. Goodfood connects partner farms and suppliers directly to customers' kitchens, reducing food waste and retail overhead. Headquartered in Montreal, Que., with production facilities in Quebec and Alberta, Goodfood is building Canada's most loved millennial food brand.

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