Goodfood Market Corp. reached an agreement for an extension of its credit facility with Desjardins Capital Markets and Investissement Québec. The facility will now provide bank financing totalling approximately $5 million consisting of a $2.1 million term loan, a $1.3 million revolving credit facility, and $1.4 million in additional short-term financing.

The facility comes to maturity in November 2024. Goodfood intends to use the facilities mainly for working capital, general corporate purposes and capital expenditures.