Goodfood Market Corp (TSE:FOOD) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Goodfood Market Corp has acquired an 81% stake in Genuine Tea, aiming to enhance its portfolio of direct-to-consumer brands and leverage its expertise in meal solutions. The acquisition is seen as a strategic move to help scale Genuine Tea’s operations while integrating its offerings into Goodfood’s meal kit subscriptions. This partnership marks the start of Goodfood’s plan to support innovative brands that resonate with Canadian consumers.
For further insights into TSE:FOOD stock, check out TipRanks’ Stock Analysis page.
