Boom or Bust: Brewery goes flat and NB goes nuclear

Posted on July 03, 2018 | Gabby Peyton | 0 Comments

Jennifer’s owners go all in
After 13 years of business ownership, the trio of partners now own the building that houses Jennifer’s Nova Scotia in Halifax. Former employees Kurt Bulger, Darlene Bulger and Kevin Finch bought out the shops owners in 2005 to take over the Spring Garden Road cornerstone and just purchased the building for $2 million. The company has sold Atlantic Canadian artisanal products for 40 years and this recent real estate purchase indicates they plan to sell for many more.

Plans for Petty Harbour brewery fall flat
Even though Newfoundland’s craft beer scene about to bubble over, Motion Bay Brewery Company announced they will not go ahead with its Petty Harbour brewery. In a Facebook post last week, the company disclosed they will not proceed with the project due to circumstances beyond their control. There are more than 20 breweries on the books to open within the next year or so in the province.

Halifax CEO moves to Charlottetown company
Charlottetown Metal Products (CMP) has announced Paul LeBlanc will join the company as CEO. LeBlanc, the founder of Halifax-based Arrivals + Departures and partner at VistaCare Communications, will lead CMP along with Trevor Spinney who is moving from vice-president of sales to the role of president. Stacy Gallant is to remain CFO of the company which has been building stainless steel equipment for the food processing industries for more than 50 years.

St. John’s software company secures seed money
CoLab Software announced last week they have received substantial financing for their cloud software endeavor. The company — which created a software product to facilitate issue tracking and management in the engineering sector — received more than $600,000 in pre-seed financing. Investors include Newfoundland based Killick Capital, Pelorus Venture, and Montreal’s Panache Ventures who are investing in a Newfoundland and Labrador company for the first time ever.

New Brunswick powers nuclear reactor technology
Rick Doucet, New Brunswick’s Energy Minister, announced the provincial government will commit $10 million to nuclear research. In the announcement last week in Saint John the Minister stated that developing non-carbon emitting technology is the way of the future and the money will help the province become a leader in modular nuclear reactor technology.

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