WonderFi CEO Dean Skurka kidnapped, released after reportedly paying $1-million ransom
WonderFi says it is providing “full cooperation to the Toronto Police Service on this active investigation.”
Markets
Lightspeed, Well Health hit new revenue milestones in latest quarterly earnings
Lightspeed beats revenue forecasts as Well Health reaches record revenues in fiscal Q3 2024.
Shopify combines its financial solutions into one dashboard
Canadian merchants can currently use two of Shopify’s five Finance offerings.
Kraken Robotics raises $51.75 million CAD through bought deal public offering
Toronto-based investment bank Cormark Securities served as lead underwriter of the offering.
Hong Kong billionaire ups stake in Well Health Technologies with $81-million CAD private share purchase
After buying 18 million shares, Solina Chau now holds a 14 percent stake in Well.
Loss of DoorDash partnership prompts Payfare share price plummet and strategic review
Shares dropped more than 75 percent Friday after news that firm’s largest customer would not renew its contract.
Propel Holdings to acquire UK-based QuidMarket for $95.9 million CAD
Company sees the UK as potential beachhead for expanding into the European market.
Lightspeed confirms strategic review of business as company reportedly explores sale
Investors react favourably as Lightspeed’s share price has risen over 17 percent.
Months-long dispute between Bitfarms and Riot Platforms draws to a close as companies reach settlement
Board member Andrés Finkielsztain steps down as Riot withdraws bid to reshuffle Bitfarms board.
Bitfarms and Riot continue public squabble leading up to October shareholder meeting
Riot encouraged shareholders to “seriously question” timing of recent Stronghold acquisition.
FansUnite sells American subsidiary back to co-founders, delists from TSX
FansUnite said it expects to retain approximately $500,000 CAD to “explore new business opportunities.”
TSX-listed Givex to be acquired by American payments firm Shift4 for $200 million CAD
The all-cash transaction will pay $1.50 per Givex share, a 55 percent premium on its Friday closing price.
Sonder inks Marriott licensing deal, secures additional liquidity amid continued challenges
Canadian-founded short-term rental firm expects to benefit from Marriott’s distribution.
Well Health plans to spin out, publicly list SaaS and services business in 2025
Founder and CEO Hamed Shahbazi said spin out will unlock “significant shareholder value.”
Targeted by activist investor, Bitfarms chairman and co-founder Nicolas Bonta steps down
The board shakeup follows Bitfarms adopting a second ‘poison pill’ after its first was struck down.