Topic: How To Invest

Power Growth Investor Hotline – Friday, July 10, 2020

Article Excerpt

GOODFOOD MARKET CORP., $6.16, is still a buy for aggressive investors. The stock (symbol FOOD on Toronto) continues to soar this week—it has now more than doubled for our subscribers since we first recommended the shares in our December 2019 issue of Power Growth Investor at $3.02. The stock gives investors exposure to Canada’s growing meal-kit business. It aims to deliver fresh ingredients and recipes that make it easy for subscribers to prepare meals at home every week. Goodfood’s subscribers select their favourite recipes online from a variety of original dishes. The company then prepares a box of fresh ingredients and delivers it to their door with easy cooking instructions. Despite the COVID-19 outbreak, the company continues to gain more and more customers. Headquartered in Montreal it just announced that it had 272,000 active subscribers as of May 31, 2020. That’s up 43.9% from 189,000 a year earlier. The increase was driven by its marketing efforts, Goodfood’s expansion into Western Canada and its…

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