The funds, which come in the form of convertible unsecured subordinated debentures, come at a 12.5 per cent yearly interest rate. Investissement Québec, the investment arm of the Quebec government, is contributing $10 million, while management, board members and existing shareholders are providing the remainder. (The Logic)

Talking point: The Montreal-based meal kit company has imposed successive rounds of layoffs—including another one in early December, The Logic has learned—as it struggles with the effects of higher inflation and changing consumer purchasing habits post-COVID-19. In October, the company shuttered its 30-minute on-demand grocery offering, closing its micro-fulfillment centres in Montreal and Toronto—despite calling the service key to Goodfood’s profitability earlier in the year.