Goodfood Market Corp., a Montreal-based meal kit company, has been granted creditor protection by a Quebec court. This move is part of the company’s efforts to restructure under new ownership or with the support of investors. The court issued an initial order, providing Goodfood with a 30-day period of protection from creditors, preventing them from pursuing legal action to collect debts.
The company plans to utilize this creditor protection period to restructure its operations effectively. Goodfood intends to seek potential buyers or investors for the business and its assets with the court’s permission. Court documents reveal that the company faced financial challenges, leading to the decision to seek protection and explore a potential sale.
Despite facing difficulties, Goodfood retained 233 employees. The company assures that there are no expected job losses directly related to the court proceedings but acknowledges the possibility of targeted workforce reductions. During this process, Goodfood will continue to fulfill customer orders without disruption.
Goodfood was founded in 2014 by Jonathan Ferrari and Neil Cuggy. Ferrari resigned as CEO in August 2025, while Cuggy, who served as president and COO, departed in January 2026 as per court records. Recently, Selim A. Bassoul stepped down as CEO and was succeeded by Najib Maalouf, the former COO and president.