Meta Materials Raising US$25M

Dartmouth-based advanced manufacturing company Meta Materials said Friday it will sell another 83 million of its shares at US$0.30 apiece on the Nasdaq stock exchange to raise US$25 million, or C$33.4 million, sending its stock price tumbling.

Its shares shed 40 percent of their value on the announcement, falling to a low of just under US$0.22 Friday, and its market capitalization slid to just

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Number of Startups Rose 4.4% to 805

As we begin to dig through the data for our coming report on the Atlantic Canadian startup community, one theme that is emerging is the slowing growth of the community overall.

The preliminary data we’ve accrued so far shows there were 805 startups in Atlantic Canada at the end of 2022. Had the community continued to grow as it was before the pandemic, the number would be over 1,100. We’ll

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GIT Raises $10.2M

Halifax-based marine coatings maker Graphite Innovations & Technology, or GIT, has closed a $10.2 million Series A funding round led by BDC Capital’s ClimateTech Fund as it looks to scale up its commercialization activities.

Also investing is U.K.-based Stolt Ventures, the investment arm of Stolt-Nielsen, which was founded in 1959 and now operates more than 150 tanker ships, as well as fish

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Pulse Health to Host “Startup Crawl”

Pulse Innovation, a Halifax-based industry network for health professionals involved in commercializing innovative medical technologies, will host a “Startup Crawl” networking event in Halifax April 27 featuring headline-making supply chain software business Milk Moovement.

Inspired by the British convention of the pub crawl, in which participants visit a variety of community bars as part of a

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Invest Nova Scotia Names Accelerate Cohort

Invest Nova Scotia has announced 11 companies joining the first 2023 cohort of its Accelerate startup program.

Accelerate offers participating companies 5 months of business and technical training and $40,000 of funding.

Accelerate, which Innovacorp retooled in the summer of 2021, replaced both the old, longer program of the same name and the shorter Sprint accelerator. It is completely virtual

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Volta To Move to Armoyan Centre

Halifax-based innovation hub Volta today announced it will move its operations this fall to the Armoyan Centre at 1800 Argyle Street, the former World Trade Centre building.

The decade-old startup support organization until recently occupied the first three floors of the Maritime Centre, at the corner of Barrington Street and Spring Garden Road. With more than 40 resident startups, it needed

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BSides Conference Coming to Halifax

This year’s edition of BSides Halifax, which is a community-run cybersecurity conference, is coming May 4.

The BSides conferences, held at numerous locations around the world, are a franchise of information security gatherings that offer event organizers a “peer-to-peer framework” for engaging with industry players.

The Halifax event, which will be held at the Halifax Central Library from 9:00

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Shift Energy Signs Cadillac Fairview Deal

Mariner Partners-owned Shift Energy has reached a deal to roll out its artificial intelligence technology for managing electricity consumption across 10 Toronto area buildings owned by commercial property giant Cadillac Fairview.

Shift’s technology, which Mariner originally backed as an investor in successive funding deals before eventually purchasing the company outright, uses AI to optimize

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