{"id":10391,"date":"2025-08-25T20:14:02","date_gmt":"2025-08-26T00:14:02","guid":{"rendered":"https:\/\/www.startupecosystem.ca\/news\/goodfood-ceo-steps-down-amid-operational-review-and-losses\/"},"modified":"2025-08-25T20:14:02","modified_gmt":"2025-08-26T00:14:02","slug":"goodfood-ceo-steps-down-amid-operational-review-and-losses","status":"publish","type":"post","link":"https:\/\/www.startupecosystem.ca\/news\/goodfood-ceo-steps-down-amid-operational-review-and-losses\/","title":{"rendered":"Goodfood CEO Steps Down Amid Operational Review and Losses"},"content":{"rendered":"<p>Jonathan Ferrari, the co-founder and CEO of the Montr\u00e9al-based meal delivery company Goodfood, has stepped down from his role as CEO and board chair amid recent financial losses. Neil Cuggy, the president and COO, will take over daily operations while the company undergoes a formal review to remain competitive. Ferrari, who co-founded Goodfood and helped grow it into a national brand, will stay on the board as a director. Despite challenges, Goodfood sees potential for growth, as highlighted by its acquisition of a controlling stake in Genuine Tea and its investment in a Bitcoin-based exchange-traded fund. The company had record revenue during the pandemic but has faced declining performance as consumer habits shifted back to in-person shopping.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Jonathan Ferrari, the co-founder and CEO of the Montr\u00e9al-based meal delivery company Goodfood, has stepped down from his role as CEO and board chair amid recent financial losses. Neil Cuggy,&#8230;<\/p>\n","protected":false},"author":1,"featured_media":951,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[178],"tags":[427,539,12846,8752,12847],"class_list":["post-10391","post","type-post","status-publish","format-standard","has-post-thumbnail","category-canada","tag-canada-founder-news","tag-financial-performance","tag-goodfood","tag-meal-delivery","tag-operational-review"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Goodfood CEO Steps Down Amid Operational Review and Losses - Startup Ecosystem Canada<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.startupecosystem.ca\/news\/goodfood-ceo-steps-down-amid-operational-review-and-losses\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Goodfood CEO Steps Down Amid Operational Review and Losses - Startup Ecosystem Canada\" \/>\n<meta property=\"og:description\" content=\"Jonathan Ferrari, the co-founder and CEO of the Montr\u00e9al-based meal delivery company Goodfood, has stepped down from his role as CEO and board chair amid recent financial losses. Neil Cuggy,...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.startupecosystem.ca\/news\/goodfood-ceo-steps-down-amid-operational-review-and-losses\/\" \/>\n<meta property=\"og:site_name\" content=\"Startup Ecosystem Canada\" \/>\n<meta property=\"article:published_time\" content=\"2025-08-26T00:14:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.startupecosystem.ca\/news\/wp-content\/uploads\/2024\/11\/default-pic_big.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"500\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Startup Eco System\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Startup Eco System\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.startupecosystem.ca\\\/news\\\/goodfood-ceo-steps-down-amid-operational-review-and-losses\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.startupecosystem.ca\\\/news\\\/goodfood-ceo-steps-down-amid-operational-review-and-losses\\\/\"},\"author\":{\"name\":\"Startup Eco System\",\"@id\":\"https:\\\/\\\/www.startupecosystem.ca\\\/news\\\/#\\\/schema\\\/person\\\/ebf38463111787b50c88f6fcd33f9c28\"},\"headline\":\"Goodfood CEO Steps Down Amid Operational Review and Losses\",\"datePublished\":\"2025-08-26T00:14:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.startupecosystem.ca\\\/news\\\/goodfood-ceo-steps-down-amid-operational-review-and-losses\\\/\"},\"wordCount\":127,\"image\":{\"@id\":\"https:\\\/\\\/www.startupecosystem.ca\\\/news\\\/goodfood-ceo-steps-down-amid-operational-review-and-losses\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.startupecosystem.ca\\\/news\\\/wp-content\\\/uploads\\\/2024\\\/11\\\/default-pic_big.jpg\",\"keywords\":[\"Canada founder news\",\"financial performance\",\"Goodfood\",\"meal delivery\",\"Operational review\"],\"articleSection\":[\"Canada\"],\"inLanguage\":\"en-CA\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.startupecosystem.ca\\\/news\\\/goodfood-ceo-steps-down-amid-operational-review-and-losses\\\/\",\"url\":\"https:\\\/\\\/www.startupecosystem.ca\\\/news\\\/goodfood-ceo-steps-down-amid-operational-review-and-losses\\\/\",\"name\":\"Goodfood CEO Steps Down Amid Operational Review and Losses - Startup Ecosystem Canada\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.startupecosystem.ca\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.startupecosystem.ca\\\/news\\\/goodfood-ceo-steps-down-amid-operational-review-and-losses\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.startupecosystem.ca\\\/news\\\/goodfood-ceo-steps-down-amid-operational-review-and-losses\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.startupecosystem.ca\\\/news\\\/wp-content\\\/uploads\\\/2024\\\/11\\\/default-pic_big.jpg\",\"datePublished\":\"2025-08-26T00:14:02+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.startupecosystem.ca\\\/news\\\/#\\\/schema\\\/person\\\/ebf38463111787b50c88f6fcd33f9c28\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.startupecosystem.ca\\\/news\\\/goodfood-ceo-steps-down-amid-operational-review-and-losses\\\/#breadcrumb\"},\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.startupecosystem.ca\\\/news\\\/goodfood-ceo-steps-down-amid-operational-review-and-losses\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-CA\",\"@id\":\"https:\\\/\\\/www.startupecosystem.ca\\\/news\\\/goodfood-ceo-steps-down-amid-operational-review-and-losses\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.startupecosystem.ca\\\/news\\\/wp-content\\\/uploads\\\/2024\\\/11\\\/default-pic_big.jpg\",\"contentUrl\":\"https:\\\/\\\/www.startupecosystem.ca\\\/news\\\/wp-content\\\/uploads\\\/2024\\\/11\\\/default-pic_big.jpg\",\"width\":1000,\"height\":500},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.startupecosystem.ca\\\/news\\\/goodfood-ceo-steps-down-amid-operational-review-and-losses\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.startupecosystem.ca\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Goodfood CEO Steps Down Amid Operational Review and Losses\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.startupecosystem.ca\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.startupecosystem.ca\\\/news\\\/\",\"name\":\"Startup Ecosystem Canada\",\"description\":\"Largest Startup Community in Canada\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.startupecosystem.ca\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-CA\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.startupecosystem.ca\\\/news\\\/#\\\/schema\\\/person\\\/ebf38463111787b50c88f6fcd33f9c28\",\"name\":\"Startup Eco System\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-CA\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0296599ae4d98b5f644a6ebd0f36ee52f2642dac74ac9fee14854ec4a47d61d?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0296599ae4d98b5f644a6ebd0f36ee52f2642dac74ac9fee14854ec4a47d61d?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0296599ae4d98b5f644a6ebd0f36ee52f2642dac74ac9fee14854ec4a47d61d?s=96&d=mm&r=g\",\"caption\":\"Startup Eco System\"},\"sameAs\":[\"https:\\\/\\\/www.startupecosystem.ca\\\/news\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Goodfood CEO Steps Down Amid Operational Review and Losses - Startup Ecosystem Canada","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.startupecosystem.ca\/news\/goodfood-ceo-steps-down-amid-operational-review-and-losses\/","og_locale":"en_US","og_type":"article","og_title":"Goodfood CEO Steps Down Amid Operational Review and Losses - Startup Ecosystem Canada","og_description":"Jonathan Ferrari, the co-founder and CEO of the Montr\u00e9al-based meal delivery company Goodfood, has stepped down from his role as CEO and board chair amid recent financial losses. Neil Cuggy,...","og_url":"https:\/\/www.startupecosystem.ca\/news\/goodfood-ceo-steps-down-amid-operational-review-and-losses\/","og_site_name":"Startup Ecosystem Canada","article_published_time":"2025-08-26T00:14:02+00:00","og_image":[{"width":1000,"height":500,"url":"https:\/\/www.startupecosystem.ca\/news\/wp-content\/uploads\/2024\/11\/default-pic_big.jpg","type":"image\/jpeg"}],"author":"Startup Eco System","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Startup Eco System","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.startupecosystem.ca\/news\/goodfood-ceo-steps-down-amid-operational-review-and-losses\/#article","isPartOf":{"@id":"https:\/\/www.startupecosystem.ca\/news\/goodfood-ceo-steps-down-amid-operational-review-and-losses\/"},"author":{"name":"Startup Eco System","@id":"https:\/\/www.startupecosystem.ca\/news\/#\/schema\/person\/ebf38463111787b50c88f6fcd33f9c28"},"headline":"Goodfood CEO Steps Down Amid Operational Review and Losses","datePublished":"2025-08-26T00:14:02+00:00","mainEntityOfPage":{"@id":"https:\/\/www.startupecosystem.ca\/news\/goodfood-ceo-steps-down-amid-operational-review-and-losses\/"},"wordCount":127,"image":{"@id":"https:\/\/www.startupecosystem.ca\/news\/goodfood-ceo-steps-down-amid-operational-review-and-losses\/#primaryimage"},"thumbnailUrl":"https:\/\/www.startupecosystem.ca\/news\/wp-content\/uploads\/2024\/11\/default-pic_big.jpg","keywords":["Canada founder news","financial performance","Goodfood","meal delivery","Operational review"],"articleSection":["Canada"],"inLanguage":"en-CA"},{"@type":"WebPage","@id":"https:\/\/www.startupecosystem.ca\/news\/goodfood-ceo-steps-down-amid-operational-review-and-losses\/","url":"https:\/\/www.startupecosystem.ca\/news\/goodfood-ceo-steps-down-amid-operational-review-and-losses\/","name":"Goodfood CEO Steps Down Amid Operational Review and Losses - Startup Ecosystem Canada","isPartOf":{"@id":"https:\/\/www.startupecosystem.ca\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.startupecosystem.ca\/news\/goodfood-ceo-steps-down-amid-operational-review-and-losses\/#primaryimage"},"image":{"@id":"https:\/\/www.startupecosystem.ca\/news\/goodfood-ceo-steps-down-amid-operational-review-and-losses\/#primaryimage"},"thumbnailUrl":"https:\/\/www.startupecosystem.ca\/news\/wp-content\/uploads\/2024\/11\/default-pic_big.jpg","datePublished":"2025-08-26T00:14:02+00:00","author":{"@id":"https:\/\/www.startupecosystem.ca\/news\/#\/schema\/person\/ebf38463111787b50c88f6fcd33f9c28"},"breadcrumb":{"@id":"https:\/\/www.startupecosystem.ca\/news\/goodfood-ceo-steps-down-amid-operational-review-and-losses\/#breadcrumb"},"inLanguage":"en-CA","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.startupecosystem.ca\/news\/goodfood-ceo-steps-down-amid-operational-review-and-losses\/"]}]},{"@type":"ImageObject","inLanguage":"en-CA","@id":"https:\/\/www.startupecosystem.ca\/news\/goodfood-ceo-steps-down-amid-operational-review-and-losses\/#primaryimage","url":"https:\/\/www.startupecosystem.ca\/news\/wp-content\/uploads\/2024\/11\/default-pic_big.jpg","contentUrl":"https:\/\/www.startupecosystem.ca\/news\/wp-content\/uploads\/2024\/11\/default-pic_big.jpg","width":1000,"height":500},{"@type":"BreadcrumbList","@id":"https:\/\/www.startupecosystem.ca\/news\/goodfood-ceo-steps-down-amid-operational-review-and-losses\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.startupecosystem.ca\/news\/"},{"@type":"ListItem","position":2,"name":"Goodfood CEO Steps Down Amid Operational Review and Losses"}]},{"@type":"WebSite","@id":"https:\/\/www.startupecosystem.ca\/news\/#website","url":"https:\/\/www.startupecosystem.ca\/news\/","name":"Startup Ecosystem Canada","description":"Largest Startup Community in Canada","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.startupecosystem.ca\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-CA"},{"@type":"Person","@id":"https:\/\/www.startupecosystem.ca\/news\/#\/schema\/person\/ebf38463111787b50c88f6fcd33f9c28","name":"Startup Eco System","image":{"@type":"ImageObject","inLanguage":"en-CA","@id":"https:\/\/secure.gravatar.com\/avatar\/a0296599ae4d98b5f644a6ebd0f36ee52f2642dac74ac9fee14854ec4a47d61d?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/a0296599ae4d98b5f644a6ebd0f36ee52f2642dac74ac9fee14854ec4a47d61d?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a0296599ae4d98b5f644a6ebd0f36ee52f2642dac74ac9fee14854ec4a47d61d?s=96&d=mm&r=g","caption":"Startup Eco System"},"sameAs":["https:\/\/www.startupecosystem.ca\/news"]}]}},"_links":{"self":[{"href":"https:\/\/www.startupecosystem.ca\/news\/wp-json\/wp\/v2\/posts\/10391","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.startupecosystem.ca\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.startupecosystem.ca\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.startupecosystem.ca\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.startupecosystem.ca\/news\/wp-json\/wp\/v2\/comments?post=10391"}],"version-history":[{"count":0,"href":"https:\/\/www.startupecosystem.ca\/news\/wp-json\/wp\/v2\/posts\/10391\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.startupecosystem.ca\/news\/wp-json\/wp\/v2\/media\/951"}],"wp:attachment":[{"href":"https:\/\/www.startupecosystem.ca\/news\/wp-json\/wp\/v2\/media?parent=10391"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.startupecosystem.ca\/news\/wp-json\/wp\/v2\/categories?post=10391"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.startupecosystem.ca\/news\/wp-json\/wp\/v2\/tags?post=10391"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}