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I guess, but if the goal is just to put pressure on the private equivalent then only a non profit would truly bring them to their knees as a co-op can still have greedy members putting people on the board that will do everything they can to maximize the redistribution going to the members so they might get a nice check at the end of the year, but day to day their grocery is no cheaper and it isn't cheaper for non-members (if they're also allowed to shop there).
We've seen a co-op being ruined by greed and then privatized in Canada (an outdoors equipment store but still)...
Food is an essential need, I don't even understand how come we let the private sector take care of it in the first place and the State corporation option has been tried elsewhere (in an European country if I'm not mistaken) and prices plummeted when they entered the market and private ones just had to adapt and lower their prices as well.