Why did CFIA suspend Goodfood’s Montreal licence?

The CFIA cited non-compliance with preventive controls at the Montreal facility, which are rules designed to ensure safe food handling and oversight. The agency provided a 90-day window for corrective action. There are no recalls at this time. Goodfood is working with regulators to address findings and seek reinstatement.

Are deliveries still happening for customers?

Yes, Calgary operations remain active, which supports Western Canada orders. The Montreal suspension can affect interprovincial flows and cause delays or substitutions. Goodfood has indicated it is focused on continuity while it completes corrective work. Customers should watch for service emails on timing, credits, and any temporary changes.

How could this impact FOOD.TO stock?

Short term, headlines and updates may drive volatility. The price sits near C$0.335 with overbought signals, so both positive and negative news can move shares quickly. Clear progress on corrective actions and licence reinstatement would likely improve sentiment. Extended delays could pressure revenue expectations and the stock.

What should investors track over the next 90 days?

Focus on any CFIA status updates, operational notes from Goodfood, and the January 20, 2026 earnings call. Key metrics include on-time deliveries, customer credits, order volumes, and cash levels. Evidence of effective corrective actions on CFIA preventive controls would be the strongest sign of stabilization.

Global Market Insights

FOOD.TO Stock Today, January 03: CFIA Suspends Montreal Licence, 90-Day Cure

ByDanny Kontos January 4, 2026January 4, 2026

Goodfood licence suspended is today’s key driver for Canadian meal-kit investors. The CFIA halted the Montreal facility over preventive controls issues, granting a 90‑day cure before possible cancellation. Calgary operations remain active and there are no recalls reported. As of today’s session, FOOD.TO trades at C$0.335, flat, after a C$0.32 to C$0.345 range. We explain the operational scope, delivery risks, potential revenue impacts, and the milestones that could move the share price in the coming weeks.