News Impacting Business In British Columbia
St. Joseph Communications Acquires Victoria Publishing Platform
VICTORIA – St. Joseph Communications today announced it has entered into an agreement to acquire Assembly Digital (Assembly), a leading digital media technology company that employs data and machine learning systems to scale audience growth and advertising solutions.
Co-founded by Tobyn Sowden and Marco Pimentel, and part of the Redbrick portfolio of companies, Assembly is an award-winning Victoria-based company that was recently named the fastest growing company in British Columbia by reporting impressive revenue growth since its inception in 2015.
See full report here.
Canadian Monthly Economic Growth – March 31, 2022
BRITISH COLUMBIA – The Canadian economy rose 0.2% in January, up for the eighth consecutive month. Goods-producing sectors rose 0.8% while services-producing industries remained flat on Omicron-related restrictions. Canadian real GDP is roughly 0.4 per cent above its pre-pandemic, February 2020 level. Preliminary estimates suggest that output in the Canadian economy grew 0.8% in February.
See full report here.
Projects To Ensure Clean Energy Future
BRITISH COLUMBIA – The Province is establishing an office to rapidly expand hydrogen deployment and to streamline projects from proposal to construction. The BC Hydrogen Office will work with federal and local governments to help attract investments and simplify the multi-jurisdictional review and permitting processes.
This investment is a key pillar of the StrongerBC Economic Plan, which will help BC compete and thrive in an ever-changing global economy.
See full report here.
Poseidon Ocean Systems is Making a Big Splash
CAMPBELL RIVER – Campbell River is at the epicenter of the salmon aquaculture industry in BC, so it’s fitting that one of the province’s fastest growing oceantech companies is headquartered in this Vancouver Island community.
Poseidon Ocean Systems designs and delivers innovative and industry-leading aquaculture solutions that lower costs, increase yields, and improve efficiency. Through the use of intelligent engineering and innovative design concepts, Poseidon reduces the environmental impact of salmon farming while increasing the durability and lifespan of critical infrastructure.
See full report here.
Plurilock Security Inc. has Acquired Integra
VICTORIA – Plurilock™ has acquired Integra, a Canadian leading provider of enterprise-level technology solutions with a large government client network, proven sales of CA$5 million, and a 19% gross margin over the last 12 months.
A leader in the implementation of technology solutions for the Canadian federal, provincial and local governments, as well as educational institutions, global healthcare organizations, and world-class enterprise companies.
See brief here.
De Havilland Aircraft Launches Firefighter
VICTORIA – De Havilland Aircraft of Canada Limited is pleased to announce that it has launched the De Havilland DHC-515 Firefighter (formerly known as the CL-515) program.
“After an extensive business and technical review, we are pleased to announce that we have launched the De Havilland DHC-515 Firefighter program, which will involve negotiating contracts with our European customers and ramping up for production,” said Brian Chafe, Chief Executive Officer of De Havilland Canada.
See full report here.
