Drinkable Opening Pre-Orders, Raising $350K

Halifax’s Drinkable Water is opening pre-orders for its on-the-spot water quality testing device with deliveries scheduled to begin next April.

The launch comes as Drinkable looks to raise a $350,000 funding round to extend its runway while Chief Executive Matthew Mizzi and his small team focus on commercialization. The company has bagged commitments for about half the raise.

Drinkable’s device

Continue Reading

Halibut PEI Sold to Norwegian Investors

Halibut P.E.I., a fish farm that had been leaning heavily on innovative, land-based aquaculture techniques, has been bought by Norway’s Amar Group four months after filing for bankruptcy.

The Norwegian private equity company, which specializes in backing maritime innovation, hopes to continue with Halibut P.E.I.’s plans to scale up its operations, according to Knut Trellevik, President of

Continue Reading

JEDI Names Stanley Barnaby CEO

The Joint Economic Development Initiative, an Indigenous organization that backs First Nations industry and entrepreneurs, has made acting CEO Stanley Barnaby’s job permanent.

Barnaby, 33, is already a JEDI veteran. He joined as an intern in 2015 and established himself as a finance and operations specialist. He said in an interview that he sees his youth as an asset for the chief executive

Continue Reading

Tribe Network Readies Roadshow

Tribe Network, which is a support organization for Black entrepreneurs and business owners in Atlantic Canada, is commencing its first Black Start-Up Project Roadshow — a series of networking events for Entrepreneurs of Colour.

With tour dates scheduled in multiple cities and towns across Atlantic Canada, the Roadshow is open to Black business owners and aspiring entrepreneurs and will feature

Continue Reading

For Life Sciences Labour, Look to Upskilling: Observers

Atlantic Canada’s life sciences startups face a labour crunch possibly even more complex than the one gripping the information technology sector, but short-term training and upskilling programs could offer a partial solution, observers say.

Vivian Beer, manager of HR strategy for the PEI BioAlliance, and Chandra Kavanagh, director of Bounce Health Innovation, said in interviews that the biotech

Continue Reading

Maritime Launch Goes Public on Specialist Exchange

Commercial spaceflight startup Maritime Launch Services has completed its reverse takeover of now-defunct merchant bank Jaguar Financial Corp., and in a departure from common practice, listed its shares on Toronto’s specialist NEO Exchange for innovation-driven companies.

The deal to buy Jaguar was announced in December and finalized last month. At the time, Jaguar was trading on the TSX Venture

Continue Reading

PEI’s PayTic Raises $2.95M

Charlottetown-based PayTic, whose product streamlines the back-office operations of payment companies, has raised $2.95 million in its initial funding round.

The company, which had previously been in stealth mode, issued its first press release on Monday to say its round was led by Halifax-based Build Ventures. The other investors are Charlottetown-based Island Capital Partners, Halifax-based

Continue Reading