Tag: markets
Shopify merchants set $9.3-billion sales record over Black Friday, Cyber Monday
Over 61 million consumers globally made purchases from Shopify sellers. Defying industry forecasts of a slowdown in retail purchases, Shopify merchants hit a new…
WonderFi-owned Bitbuy acquires customers of fellow regulated Canadian crypto exchange Bitvo
The move comes a year after the collapse of Bitvo’s deal with would-be acquirer FTX. Bitbuy, a subsidiary of Toronto cryptocurrency company WonderFi, has…
TSX-listed Q4 Inc. to go private with $257-million buyout by Sumeru Equity Partners
Q4 Inc. to join growing list of recent Canadian tech IPOs to change course. Just over two years after going public on the Toronto…
Trio of Canadian tech companies show progress towards profitability in earnings this week
Thinkific hits positive EBITDA as Coveo and Mogo shrink losses. A number of publicly-traded Canadian technology companies have recently made meaningful progress on their…
Virtual care platform Mednow announces restructuring, looks for buyer
Receivership occurs just over two years after listing on the TSX Venture Exchange. Toronto-based digital pharmacy startup Mednow has been placed into receivership under…
Slack CEO Lidiane Jones to depart after a year in the role
Jones will become CEO of Bumble as Salesforce-owned Slack looks for its third CEO in as many years. Lidiane Jones, CEO of Salesforce-owned, Vancouver-founded…
Lightspeed’s stock rises as firm exceeds outlook for fiscal Q2, achieves positive EBITDA
Company takes a step towards profitability, boosts revenue guidance. Montréal-based Lightspeed Commerce beat its prior revenue forecast and made progress towards profitability during the…
Shopify shares jump after company’s Q3 revenue, profit beat analyst expectations
Cost reductions, Amazon fulfillment partnership fuel strong Q3 for Shopify. Canadian e-commerce giant Shopify posted higher-than-expected revenue and profit during the third quarter of…
Richard Lynch will replace John Chen as interim CEO as BlackBerry prepares to split company
BlackBerry has been attempting to revive shareholder interest over the past year. BlackBerry has officially announced the retirement of John Chen, its CEO and…
Damon Motors revs up to go public on the Nasdaq via reverse merger
The reverse merger will be completed with a UK-based spinoff of Inpixon. Vancouver-based electric motorcycle company Damon Motors is looking to list on the…