Goodfood files for creditor protection in Canada

Montreal-based foodtech company Goodfood has officially filed for protection under the Companies' Creditors Arrangement Act (CCAA). The announcement, made on August 5, 2026, follows the resignation of CEO Selim Bassoul on August 3.

The filing provides the company with a period to restructure its debts and address short-term liquidity pressures. Donald Olds, a lead independent director, stated that while progress has been made to strengthen the firm,