Metamaterial Inc. is borrowing US$10 million from Plano, Texas-based oil and gas producer Torchlight Energy Resources, the company it hopes to merge with in the coming months.

Meta, as the Dartmouth company is known, announced in the autumn that it would merge with Torchlight through a reverse takeover. The result of the pairing is intended to give Meta a Nasdaq listing, while Torchlight will

Canada’s Ocean Supercluster has announced a $27 million project that will help improve the aquaculture industry through data analytics and increased connectivity.

The group that supports the country’s ocean economy issued a statement on Thursday announcing the launch of the Integrated Operations and Real-Time Analytics Project, which will be led from St. John’s and Halifax.

The project will

Halifax-based Talkatoo is one of four Canadian startups accepted into the first cohort of the Google for Startups Accelerator: Voice AI.

Google announced this week that 12 North American companies would attend the 10-week accelerator, which aims to bring Google’s programs, products and people to voice technology companies.

The program, which begins in March, will offer participating companies

Halifax- and Calgary-based Arolytics, whose software helps oil and gas companies track their methane emissions, has raised $710,000 in equity financing, which the company says will help it to scale quickly.

The company issued a statement saying it won Startup TNT’s inaugural Calgary Investment Summit in November, and the prize included backing from a pool of Alberta investors. The company also

Having raised more than $400,000 in equity funding, Halifax’s Clever Fruit Products has announced new directors to its board who it says will add top-flight expertise and connections.

The company, which is developing new berry-based food ingredients, said its board now includes: Lorna Vanderhaeghe, a health expert and product developer; Dean Mosca, a natural products industry veteran; and

Applicants are being sought for the oceans cohort of the Lab2Market program, which helps researchers commercialize their research.

Hosted by Dalhousie, Ryerson, and Memorial Universities, Lab2Market provides training and support to teams commercializing research from Canadian universities.

“This virtual 7-week program is a great opportunity for graduate students and postdocs to receive $15,000

Enable Leaders, a new website designed to teach users how to be better leaders, has been launched by Moncton-based Jonathan Dunnett.

Dunnett, a program manager specializing in marketing insights at Venn Innovation, is curating content that is freely available online in three main areas: decision-making; leadership and psychology.

Studies show that one-third of people are currently struggling

Volta is looking for Atlantic Canadian startups to compete at the next Volta Cohort pitching competition, which will provide as many as five companies with $25,000 each.

The Halifax-based innovation hub holds the competition every six months, usually dividing $125,000 in prize money among five early-stage startups. The program – which is open to startups from across the region – was designed to

Charlottetown-based Somru BioScience has partnered with Veeda Clinical Research, an Indian contract research organization, to establish Ingenuity BioSciences, a new bioanalytical lab in Ahmedabad, India.

The two companies have taken equal stakes in the new facility, which will be led by Somru CEO Mohammed Moin and Ingenuity BioSciences CEO Ravi Krovidi.

“This relationship will allow us to

Halifax’s Alentic Microscience, whose handheld diagnostic device is being used in the International Space Station, is raising capital to adapt its product to help with the fight against COVID-19.

Alentic Microscience has developed a new imaging device that instantly reads patients’ results at the point of care, using only a drop of blood, without the need for bulky microscopes and lab