CANADA > China based Weichai Power is set to invest $163 million in Canada based Ballard Power System

weichai power logo China based Weichai Power is set to invest $163 million in Canada based Ballard Power System making Weichai Ballard’s the largest shareholder. Weichai’s equity investment of approximately $163 million includes $90 million in technology transfer program to the JV related to Ballard’s next-generation LCS fuel cell stack and power modules for bus, commercial truck and forklift applications in China, joint More …

CANADA > USA based Constellation Brands Inc. parent company of Corona beer is set to invest $4 billion in Canada based pot producer Canopy Growth Corp

Constellation Brand US based Constellation Brands Inc. is set to buy 104.5 million shares worth $4 billion in Canopy Growth Corp. With the latest round of investment, Constellation Brands Inc. stake in Canopy Growth Corp. will be 38 percent. The investment is the largest in the cannabis sector by Constellation after its investment in Canopy last October. According to Linda Montag, senior More …

CANADA > Germany based Brenntag is set to expand in Canada by Acquiring the Chemicals Distribution Business of Canada Colors and Chemicals Ltd.

brenntag logo A leader in chemical distribution business, Brenntag has signed an agreement with Canada Colors and Chemicals to acquire the latter company’s chemical distribution business. Colors and Chemicals chemical distribution business serves a diversified customer base in industries such as Life Sciences, Water Treatment, Coatings, Construction, Energy and Mining and offers a full line portfolio with operations in industrial Canada. According More …

CANADA > US based fast food chain Chick-fil-A is expanding to Toronto

chick fil a logo US based Chick-fil-A Inc. is set to expand to Toronto next year. Chick-fil-A is an Atlanta based fried chicken seller and the company plans to open 15 locations in Toronto area over the next five years with three in 2019. Seventh biggest fast food chain in the US by annual sales number, Chick-fil-A plans to experience and learn from Toronto as More …

CANADA > USA based Michelin is set to acquire Canada based Camso for $1.45 billion

michelin logo Michelin is set to invest $1.45 billion for the acquisition of Camso which also makes specialty tires including snowmobile tracks. The deal is expected to generate $55 million in higher sales by 2021 while lowering the expenses. Closely held Camso, which has had sales of $1 billion’s headquarters in Magog, Quebec will be the two companies off road operations center. More …

CANADA > USA based Peloton expands to Europe and Canada

Peloton logo New York based Technology Company that has revolutionized the fitness industry; Peloton is set to embark on global expansion with expansion in Europe and Canada.  Peloton created the category forming indoor cycling bike and the recently announced Peloton Tread and it will expand into the Canadian and European market by selling direct-to-consumer through its website, www.onepeloton.com, as well as owned retail More …

​CANADA > France based Sanofi is set to invest €350 million($433.18 million) in Canadian vaccine facility

Sanofi logo For the construction of a new state of the art vaccine manufacturing facility, Sanofi is investing €350 million($433.18 million) at the Sanofi Pasteur Canadian headquarters in Toronto, Ontario, Canada. Demonstrating Sanofi’s commitment to innovation and leadership in global public health, the investment bolsters Sanofi’s Canada operations. The new investment is the largest ever investment by Sanofi in a single building More …

CANADA > Japan based Softbank Group is set to invest in Canada based lithium company, Nemaska Lithium Inc. acquiring a stake up to 9.9%

softbank-logo SoftBank Group Corp. is set to invest in the Canadian lithium company, Nemaska Lithium Inc. acquiring a stake up to 9.9 % in Nemaska. The Whabouchi mine in Québec, Canada, one of the richest spodumene hard rock lithium deposits in the world, is to be developed by Nemaska which is building a lithium electrochemical plant (refining plant) at Shawinigan, which More …