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Industry NewsFreshlocal receives $8.8 million Export Development Canada support

Freshlocal receives $8.8 million Export Development Canada support

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Freshlocal Solutions Inc. has entered into a secured $8.8 million credit facility agreement with Export Development Canada to support Freshlocal’s international expansion efforts for its online grocery fulfillment platform, the FoodX SaaS-based eGrocery Management Solution (eGMS).

“Over the course of 2021, we are excited to have built a new relationship with EDC and to have secured access to an important new source of capital for our FoodX eGrocery solution. This new partnership with EDC demonstrates their strong support for the use of leading-edge Canadian technologies to address the needs of global markets,” stated Simon Cairns, CEO of Freshlocal. “As our team ramps up FoodX’s fulfillment capabilities overseas, the EDC facility provides financial resources at a time of material growth in our FoodX business.”

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