Freshii to sell food in grocery stores through Walmart Canada partnership

TORONTO — Freshii Inc. says it will soon sell its prepared food offerings in some Walmart Canada locations in Ontario its first partnership with a major grocer.

The Toronto-based company that markets its meals as healthier meal options says its products will be in 100 Walmart Canada stores by the end of April as well as online.

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The news comes as Freshii, which reports in US dollars, said it had a net loss of US$483,000 for the quarter ending Dec. 30, compared with a net loss of $620,000 for the same quarter a year earlier.

Adjusted net income for the fourth quarter came in at $232,000, up from $155,000 for the same quarter a year earlier. Analysts had expected earnings of $134,000.

Freshii says total revenue, which includes its franchised shops and its company-owned stores, totalled $5.65 million for the quarter, up from $4.85 million a year earlier.

Company CEO Matthew Corrin says the company has a lot of work to do in the year ahead and will focus on simplifying in-store operations, improving its menu, and investing more in marketing and technology.

Companies in this story: (TSX:FRII)

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