Healwell plans to offload research, patient businesses as it focuses on AI
Both Healwell and parent company Well Health reported record earnings in Q2.
Markets
OpenText replaces longtime CEO Mark Barrenechea as it considers selling off “non-core assets”
James McGourlay takes over as interim CEO after company reports stalled revenue growth in its latest earnings.
Peeking through the Canadian tech IPO window
Plus: Cohere pitches security and productivity with general release of North.
Propel posts another record quarter as Thinkific begins courting larger customers in Q2
Propel soars on continued demand, while Thinkific posts modest gains and looks upmarket.
Mogo sells $13.8 million of WonderFi stake to buy Bitcoin ahead of Robinhood deal
The company increased Bitcoin holdings as part of a $50-million crypto treasury strategy.
Descartes continues US acquisitions as it navigates global trade upheaval
Supply chain tech firm buys US startup Finale Inventory for up to $55 million USD.
Shopify regains status as Canada’s most valuable company with strong Q2 earnings
Stock surges 20 percent as CFO claims no “meaningful changes” from tariffs.
Trade war uncertainty drags on for Canadian tech as US hikes tariffs, changes duty rules
Logistical hurdles mount for startups as US deadline yields no trade deal.
Lightspeed beats outlook in fiscal Q1 to tepid market response
CEO claims Lightspeed has been “winning where it matters” after revising GTM strategy.
WonderFi co-founder’s xTAO startup secures $31 million CAD for its decentralized AI network
The blockchain company is now publicly traded on the TSX Venture stock exchange.
Sonder co-founder Francis Davidson departs after seeing through Marriott deal
Outgoing CEO said orchestrating the Marriott integration was “the hardest thing” he’d ever done.
Sezzle sues Shopify for alleged “unfair” privileging of its own buy-now, pay-later feature
Lawsuit claims Shopify charged businesses fees and redirected potential Sezzle customers to its own service.
Investissement Québec records annual loss on VC and fund investments
Provincial investment agency’s overall $13-million return came in well below $194 million forecast.
LeddarTech cuts 95 percent of staff in bid to rescue its business
LeddarTech does not expect to resume active operations after laying off 138 employees.
Lightspeed surpasses $1 billion USD in revenue in fiscal 2025 but shares conservative outlook
Lightspeed posted nearly $54 million in adjusted EBITDA as it continues to execute transformation plan.