Topic: How To Invest

Power Growth Investor Hotline – Thursday, April 9, 2020

Article Excerpt

GOODFOOD MARKET CORP., $3.70, is a still buy for aggressive investors. The company (symbol FOOD on Toronto) 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, Goodfood continues to gain more and more customers. The stock is now up almost 23% for investors since we first recommended the shares in our December 2019 issue of Power Growth Investor at $3.02. Headquartered in Montreal, the company had 246,000 active subscribers as of February 29, 2020—up 54.7% from 159,000 a year earlier. That increase was driven by its marketing efforts, its expansion into Western Canada and its new menu options. They include breakfast and ready-to-eat meals as well as…