Posts By: Kelly Bird

Mom’s Best Gourmet Foods acquired by Johnvince Foods

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We are pleased to announce the sale of our client Mom’s Best Gourmet Foods (“Mom’s Best”), a specialized commercial bakery based out of Ontario, Canada to Johnvince Foods, an established leader in innovating, manufacturing and distributing quality bulk foods across North America. Springbank Capital Corp. (“Springbank”) acted as the exclusive financial advisor to Mom’s Best. ….

Psychedelics investors are seeking 3 key qualities

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Research is proving the impressive efficacy of psychedelics in treating conditions like anxiety, depression, and opioid addiction. Psychedelic substances like MDMA, LSD, ketamine, and most notably psilocybin (magic mushrooms) have been gaining traction in recent years as several clinical trials enter Phase II and beyond. And as the cannabis industry has experienced some undeniable challenges ….

Corporate turnaround insight for Canada’s struggling hotel industry

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In mid-March, following the World Health Organization’s official declaration of the COVID-19 pandemic, travel screeched to a halt. Consumers scrambled to cancel flights, and the accommodations they had booked fell through the cracks alongside them. With the order to “shelter at home” and the closure of Canada’s borders, domestic travellers and tourists from abroad were ….

6 key facets to a successful family enterprise

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A family enterprise can be recognized today as an important and distinct organization in the world economy, operating in every country. Although family businesses have been described as unusual business entities – a double edged sword that has the potential for both exponential success and dramatic undoing – they are the backbone of the Canadian ….

Retail industry turnarounds and the post-pandemic market

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At the outset of 2020, the retail industry was expected to see a 5% rise in sales. Canada’s unemployment rate was at a 45-year low of 5.7%, and consumer spending was looking promising, with a 1.4% year-over-year gain following the holidays. I’m sure you can see where we’re headed. As soon as the COVID-19 pandemic ….

59 Days Later: A follow up COVID-19 discussion with Dr. Peter Andersen

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Dr. Peter Andersen joins us again, for a second economic update, 59 days after the initial COVID-19 business shut-down. During this webinar Peter addresses the following: Made in Canada problems US recession will end this summer Construction and Manufacturing will be the first to show momentum Canada will not reopen as quickly Get ready for ….

The Restart Part 2: The Automotive Industry’s Challenges

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After several months of shutdown, the North American auto industry has announced their intention to restart manufacturing near the end of May.  General Motors and FCA announced that May 18, 2020 will be the restart manufacturing date – Ford plans to follow suit.  Canadian plants have announced similar plans.  While Mexico is somewhat unclear on ….

Prescribed rate reductions could mean savings for your family

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Back in April of 2018, the prescribed rate increased from 1% to 2%. Previously, the rate had remained stable for several years, aside from a brief hike for one quarter in 2013. The CRA’s prescribed rate directly impacts the amount charged by the CRA for late payments, the rate that is paid out on overpayments ….

The Restart: More Challenging than the Shutdown

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Recent analysis from the Royal Bank of Canada (“RBC”) indicates the Canadian economy shrank by 10% annualized in the first quarter of this year.  With a significant increase of Canada’s unemployment rate to 7.8% in March – double the largest one month increase on record – the unemployment rate is expected to climb to 20% ….