Should You Buy the Dip in This Recent IPO? Freshlocal Solutions (TSX:LOCL) is a Vancouver-based company that provides end-to-end grocery e-commerce solutions. This stock made its debut on the SP|TSX Composite Index back in April. Its shares have plunged over 50% since then. Is it worth snagging this TSX newcomer today? The e-commerce grocery space experienced huge growth during the COVID-19 pandemic. Goodfood Market (TSX:FOOD) was another TSX stock that soared as e-commerce grocery shopping caught fire. However, its stock has also plunged 31% in the year-to-date period as of close on June 29. Freshlocal released its second quarter fiscal 2021 results on May 11. Revenues rose 59% year-over-year to $34.9 million. Meanwhile, gross profit jumped 68% to $13.3 million. These results were very solid, but there is intense competition in this space. E-commerce specialist Mercatus and research firm Incisiv recently released a report on this space. The report projected that online grocery would grow to 21.5% of total U.S. grocery sales by 2025.