Topic: How To Invest

Power Growth Investor Hotline – Friday, July 9, 2021

Article Excerpt

GOODFOOD MARKET CORP., $9.00, is still a buy for aggressive investors. The stock (symbol FOOD on Toronto) has now almost tripled 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. The company has also launched a new premium service called Goodfood WOW. It lets subscribers order any combination of meal kits, groceries, prepared meals, and other products as frequently as needed during the week. Orders above $35 also come with same-day delivery. Despite the COVID-19 outbreak, the company continues to gain more and more customers. Headquartered in Montreal, it just…

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