UniUni to reportedly go public on TSX in $1-billion USD SPAC deal
BC-based last-mile delivery firm says it could pass $1 billion USD in sales this year.
Retail
Shopify posts strong Q1 revenue growth, but stock still falls on slow growth forecast
E-commerce giant posted loss of $581 million USD due mainly to equity investments.
Appetronix cooks up bigger robotic kitchen ambitions with Cibotica acquisition
Company says deal will support expansion beyond pizza-making robots into more cuisines.
OpenTable gobbles up Canadian market share with Libro acquisition
Montréal restaurant reservation startup to continue as standalone brand.
What Live Nation’s antitrust loss could mean for one Canadian competitor
CEO of Calgary’s Showpass says monopoly ruling means new opportunities for competitors, venues, and fans.
Hopper’s tech will power RBC’s travel reward program
Montréal company lands deal shortly after shakeup in Capital One partnership.
Hopper’s biggest customer is bringing its travel platform in-house
Capital One takes over operations of Capital One Travel, reportedly bringing on many Hopper staff.
UniUni raises $85 million USD as it scales gig-powered delivery across North America
Beijing-based PE firm leads $30-million equity round, with RBC providing $55-million credit facility.
Ssense cut more than 200 jobs days after founders won bid to buy back company
Layoffs follow a Québec court decision that blocked lenders push for an asset sale.
Damon CEO, CFO, and board resign following prolonged struggle on public markets
Company’s future uncertain as more than 3,000 people wait for a Damon electric motorcycle.
Court filings reveal Sheertex maker’s steep losses ahead of insolvency
While tariffs helped bring the apparel innovator down, SRTX was already struggling to scale.
Canadian businesses expect more uncertainty as US Supreme Court strikes down Trump’s tariffs
US president claims more tariffs are coming through different legal mechanisms.
Sheertex maker will be sold to fellow Québec hosiery company AYK
SRTX once employed 350 people. If the sale is approved, fewer than 10 will remain.
Shopify stock slumps despite record-breaking Q4 revenue
E-commerce giant authorizes $2-billion USD share buyback as CFO touts strong balance sheet.
Ssense founders can buy back company, court rules
Atallah brothers’ $78-million buyback bid moves forward despite several creditors’ objections.