David Jordan

Recent Posts on BCBusiness - Page 2

May 23, 2014
A Good Week for Pot Investors

Among the twenty-plus B.C. companies that have recently jumped on the medical-marijuana bandwagon, Prominex Resources led the pack with a 20 per cent gain, although that represents a rise of just half a cent for the thinly traded stock, from two and a half cents to three cents. Prominex announced...

May 21, 2014
Experts See Little Upside in Equity Crowdfunding

At a forum of experts discussing equity crowdfunding in downtown Vancouver this morning, panellists representing angel investors and startup companies saw little of value in a proposal currently circulating for comment. The forum, hosted by the National Crowdfunding Association of Canada and the Vancouver Economic Commission, met at the Delta Vancouver...

May 15, 2014
Ainsworth Lumber Sale Terminated

The previously announced sale of Ainsworth Lumber Co. to Louisiana-Pacific Corp. has been called off. The two companies reported that due to demands by antitrust agencies in both countries the acquisition announced in September last year has been terminated. The companies announced last September that Louisiana-Pacific would pay approximately $1.1 billion...

May 14, 2014
Mining Resilient Despite Price Slump

2013 offered signs of hope for the province’s mining industry despite discouraging financial results. That’s the conclusion of an annual survey of mining operations in B.C. presented by PwC at a Vancouver event attended by representatives of the province’s mining industry this morning. Summarizing the report’s findings, Marianne Carroll, co-author of...

May 14, 2014
Vancouver Startup Bought by GE

Wurldtech Security Technologies Inc. has agreed be bought by U.S. giant General Electric Co. The Vancouver startup provides cybersecurity products and services for networked devices, specializing in industrial applications. Wurldtech will remain in Vancouver and will operate as a GE subsidiary. The 60-employee company was founded by Vancouver entrepreneur Nate Kube...

May 13, 2014
Supreme Plans Second Pot Purchase

Supreme Pharmaceuticals Inc. of Vancouver has signed a letter of intent to acquire an Ontario greenhouse and a company with Government of Canada pre-approval to operate a marijuana-growing facility capable of producing 24,000 kilograms of medicinal marijuana a year. Supreme has made an initial payment of $250,000 to the unnamed company...

May 9, 2014
The OTC's Back in Town

Cromwell Coulson, president and CEO of the OTC Markets Group, was in town this week drumming up business for a new and improved U.S. over-the-counter trading system. Coulson told an audience of about 30 finance professionals gathered at the Four Seasons Hotel Thursday how the OTC has moved beyond penny stocks...

May 8, 2014
How to Invest in Pot, Legally

More than a dozen B.C. junior mining companies have injected new life into their share price by expressing an interest in switching from mineral exploration to the pot business. None has gone so far as to actually get into the business of growing, selling or distributing pot, but the mere whiff...

May 6, 2014
Goldcorp Resumes Work at Mexican Mine

Goldcorp Inc. has resumed operations at its Los Filos gold and silver mine in Mexico after concluding an agreement with local landowners. The mine, which has been in operation since 2007, suspended operations on April 2 this year when Goldcorp and local landowners failed to come to terms over renewal of...

May 5, 2014
B.C. Forestry on the Upswing

B.C. forestry companies weathered a storm in the first quarter of 2014, but can expect to continue the upward momentum of 2013 for the remainder of the year. That’s the message drawn from financial results compiled by PwC’s Vancouver office. The consulting firm compiled financial results reported by five of the...

May 1, 2014
Q&A with Interfor CEO Duncan Davies

Interfor posted a profit in 2013, after six consecutive years of losses. Was it just a good year, or do you see it as a turning point for the company? I think we’re seeing a turnaround in the U.S. housing market, which is the largest market for all the major lumber...

Apr 29, 2014
Coastal Contacts Staff Meet Their New Boss

The $430-million acquisition of Vancouver’s Coastal Contacts by French optical giant Essilor International closed today, and John Carrier, president of Essilor of the Americas was in town to meet with Coastal staff. BCBusiness caught up with Carrier to ask him about the integration of Coastal’s staff of 625 with Essilor’s...

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