Goodfood Reports Annual Meeting of Shareholders Voting Results

MONTREAL, Jan. 18, 2023 (GLOBE NEWSWIRE) -- Goodfood Market Corp. (“Goodfood” or the “Company”) (TSX: FOOD), held its annual meeting of shareholders virtually at 10:00 a.m. on Tuesday, January 17, 2023.

Election of Directors

All of the nominees for directors listed in the Company’s Management Proxy Circular dated December 1, 2022 were elected by a majority of shareholders. The voting results for each nominee are as follows:

Nominees	Votes For	Votes Against	Percentage of Votes For	Percentage of Votes Against
Jonathan Ferrari	31,374,736	401,572	98.736%	1.264%
Neil Cuggy	31,376,742	399,566	98.743%	1.257%
Donald Olds	31,507,000	269,308	99.152%	0.848%
Terry Yanofsky	31,380,706	395,602	98.755%	1.245%
John Khabbaz	31,709,874	66,434	99.791%	0.209%

Appointment of Auditors

KPMG LLP, Chartered Professional Accountants, were appointed as auditors of the Company by a majority of shareholders for Fiscal 2023. The voting results are as follows:

Result	Votes For	Votes Withheld	Percentage of Votes For	Percentage of Votes Withheld
Carried	32,499,996	25,679	99.921%	0.079%

Share Consolidation

The shareholders adopted a special resolution authorizing an amendment to the Company’s certificate of incorporation to effect a share consolidation of all of the issued and outstanding common shares of the Company on the basis of 1 post-consolidation common share for every 10 pre-consolidation common shares and to grant authorization to the board of directors to determine, in its sole discretion, the timing of the share. The votes cast were as follows:

Result	Votes For	Votes Against	Percentage of Votes For	Percentage of Votes Against
Carried	32,419,612	106,064	99.674%	0.326%

Addition of a Class of Preferred Shares to Goodfood’s Authorized Share Capital

The shareholders adopted a special resolution authorizing an amendment to the Company’s certificate of incorporation to create an authorized class of an unlimited number of preferred shares, issuable in series, with the rights and restrictions of each series to be determined by the directors of the Company. The votes cast were as follows:

Result	Votes for	Votes Against	Percentage of Votes For	Percentage of Votes Against
Carried	29,406,330	2,369,978	92.542%	7.458%

ABOUT GOODFOOD

Goodfood (TSX: FOOD) is a leading digitally native meal solutions brand in Canada, delivering fresh meals and add-ons that make it easy for customers from across Canada to enjoy delicious meals at home every day. The Goodfood team is building Canada’s most loved millennial food brand, with the mission to create experiences that spark joy and help our community live longer on a healthier planet. Goodfood customers have access to uniquely fresh and delicious products, as well as exclusive pricing, made possible by its world class culinary team and direct-to-consumer infrastructures and technology. We are passionate about connecting our partner farms and suppliers to our customers’ kitchens while eliminating food waste and costly retail overhead. The Company’s administrative offices are based in Montreal, Québec, with production facilities located in the provinces of Quebec and Alberta.

For further information: Investors and Media

Jonathan Roiter Chief Financial Officer [phone] [e-mail]

Roslane Aouameur Vice President, Corporate Development [phone] [e-mail]

Source: Goodfood Market Corp.

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