BC Business
Here are the companies that have our attention this week.
Leaf Mobile’s acquisition of Truly Social Games is the latest in a line of moves for the company
We take a sometimes weekly and always tongue-in-cheek look at some B.C. companies making noise with big-money raises. Don’t take this too seriously. Unless you make money off it—then we want some.
As annoying as the Toronto-based NHL team’s recent success has been, there is one Leaf we‘re cheering for. That would be Vancouver video game producer Leaf Mobile.
Since going public earlier this year, the company has spent much of 2021 gobbling up other companies, acquiring the popular East Side Games in February before announcing a letter of intent this week to buy another Vancouver biz, Truly Social Games.
It’s actually similar to what could happen in the coming days with the NHL, as the Maple Leafs look to buy players from other teams and stack up for the playoffs. The only difference, of course, is that the Leafs almost definitely won’t want anything from Vancouver.
As NBA highlights and NFTs skyrocket in value and legions of investors insist on buying the stock of companies with outdated revenue models, gold really is the living embodiment of that Kermit the Frog “but that’s none of my business” meme.
Vancouver-based VanGold Mining, which operates gold and silver mines in the Guanajuato region of central Mexico, recently closed a $17-million private placement. Just like Kermit, VanGold, which was founded in 1978, likely plans to keep on keeping on.
Vancouver’s Active Impact Investments raised $41 million for its climate tech fund in just eight weeks, from a group of investors including First West Credit Union.
That’s a significant amount of climate change (sorry not sorry), but it’s not just fancy B-Corp talk, either—companies in Active Impact’s portfolio have grown their revenue an average of 515 percent over an average hold period of 17 months.
…Anyone wanna start a climate tech company?