Guelph, Ontario-based GoodLeaf Farms has become profitable across its vertical farming operations for the first time. The news: GoodLeaf is a technology-enabled vertical farming operator that supplies retailers with baby greens, microgreens, and salad mixes grown in its Calgary, Guelph, and Saint-Hubert, Québec facilities. The company announced on Tuesday that all three of its farms…
Toronto-based quantum computing firm Xanadu has struck a partnership with the University of Alberta to pioneer new quantum algorithms that can help in cancer treatment The news: The research partnership, led by Xanadu’s algorithms team and chemistry professor Alex Brown, aims to develop a quantum computing framework to design next-generation photosensitizers. Photosensitizers are molecules that…
The Canadian Venture Capital & Private Equity Association (CVCA) and its member firms plan to court major global investors next month in Toronto as they convene in the city for Prime Minister Mark Carney’s Canada Investment Summit. The news: The CVCA announced on Thursday the speakers attending its invitation-only event, which is happening on Sept….
After steadily rising over the course of this year, Ottawa-based satellite operator Telesat’s stock price dropped on Thursday after its Q2 earnings showed a steep net loss. The news: Telesat, which trades on the TSX and Nasdaq under the symbol $TSAT, reported $79 million in consolidated revenue for the second quarter, a 25-percent decrease from…
What would Canada look like if tech journalist and author Cory Doctorow were AI minister? For starters, there would likely be less sloganeering and more cursing coming out of Canada’s innovation ministry. It might also look, however, like a Canada that’s more skeptical of big, southern tech firms, more comfortable outside the confines of US…
Chris Neumann spent much of his career in the startup mecca of Silicon Valley. So when the BC native moved back to Vancouver in 2021 to join Panache Ventures, he quickly took note of the differences between the two ecosystems. “[Vancouver is] one of the only ecosystems that doesn’t have a nexus for startup activity.” …
As AI finds its way into more of our everyday life and work, the companies that make, or rely heavily on, the technology are trying to balance perceived productivity gains with policies that promote transparency. The news: On Tuesday, Anthropic announced it will add watermarks to text generated by its AI models, such as Claude,…
Edmonton Unlimited has unveiled its annual list of 10 companies to watch ahead of this year’s Startup Week. The 10 companies, which will be showcased at Edmonton Startup Week’s Launch Party this October, were chosen from a cohort of 59 applicants. Organizers say that breadth of field signals a growing “depth and momentum” in the…
Kitchener-Waterloo-based technology company Convictional is closing up shop at the end of August after failing to generate enough traction as a corporate collaboration platform. The startup announced in a blog post last week that it will permanently shut down on Aug. 27. This comes after Convictional divested from its original e-commerce business last year and…
Canadian tech companies are increasingly asking whether products built for commercial use could also serve defence and national security needs. If the answer is yes, the question becomes ‘where to begin?’ DIGITAL, one of Canada’s five federally funded Global Innovation Clusters, has been fielding that question from founders with increasing frequency. In response, the Vancouver-based…
