Goodfood Market (FOOD) AGM 2025 summary

Opening remarks and agenda

• Meeting convened on January 21, 2025, with introduction of board members and officers present, and quorum confirmed.

• Agenda included receiving audited consolidated financial statements for the fiscal year ended September 7, 2024, electing directors, appointing auditors, and other business.

• Notice of meeting and proxy/voting materials were distributed to shareholders of record as of December 2, 2024.

Financial performance review

• Audited consolidated financial statements for fiscal 2024 were presented, with net sales reported at $153 million.

• Auditor's report confirmed financials present fairly in accordance with IFRS.

• 101,000 active monthly customers and 570 employees highlighted.

Corporate governance

• Quorum was established with 35,144,424 common shares represented in person or by proxy.

• Voting conducted on a one-share, one-vote basis, with majority required for approval.

• Scrutineer from TSX Trust was appointed to oversee voting, tabulation, and attendance.

• KPMG LLP reappointed as auditors, with directors authorized to fix remuneration; audit and related fees for fiscal 2024 totaled $323,478.

• Voting procedures and question submission protocols for the virtual meeting were explained.