ChopValue raises $10.36 million CAD to globalize its chopstick-repurposing technology
The startup recently transformed its 100 millionth chopstick into new products.
Retail
One year in, competition in Ontario’s iGaming market remains red hot
Cutthroat competition and tighter rules on advertising are forcing operators to compete on unique features in Ontario’s $1.4…
Cannabis vaporizer startup Greentank Technologies closes $22.2 million CAD Series B
The startup has received past funding from investors such as Snoop Dogg.
Nulogy raises $20 million to make collaboration easier for multiple companies in a supply chain
Nulogy is appealing trade secret misappropriation complaint against US client that was dismissed in 2022.
Coveo taps former Lightspeed, D2L exec Brandon Nussey to replace retiring CFO Jean Lavigueur
Incoming Coveo CFO previously led Lightspeed’s TSX, NYSE IPOs.
After a tough year, Goodfood switches up CFO, promoting VP Roslane Aouameur
Aouameur’s strategic focus will be on profitability and positive cash flow.
R|T: The Retail Times – Washington prepares for war with Amazon
Plus: Rewind cuts staff as Shopify growth slows.
RenoRun files for creditor protection after failed pursuit of “Hail Mary” deals to save company from insolvency
The filing follows four attempts to raise bridge financing and multiple rounds of layoffs.
Rewind cuts 27 percent of staff as its growth slows in parallel to Shopify
Amid downturn, e-commerce slowdown, Rewind targets breakeven.
R|T: The Retail Times – SkipTheDishes gets a new CEO…again
Plus: Sobeys pays more than expected for cyber-breach.
Shopify enterprise merchants can now use Google’s AI tools to improve searchability
Google Cloud’s integration increases access to Google’s search and browsing technologies.
Canada Drives undergoing restructuring as it files for creditor protection
“The rising costs of holding inventory…has made this specific business model no longer viable.”
Amazon won’t confirm how many Canadians impacted by forthcoming 9,000 employee layoffs
Worldwide cuts will impact AWS, PXT, advertising, and Twitch teams.
Proptech startup Operto raises $34.4 million CAD to open the door to new markets, literally
Operto eyes bringing its electronic check-in and check-out experience to more hotels.
R|T: The Retail Times – Amazon’s belt-tightening is causing concerns
Plus: Uber rumoured to spin off freight division.