Miniso, the low-cost lifestyle store headquartered in Guangzhou China, is continuing its Canadian expansion with a new store in Halifax. The 4,200 sq. ft. store on Spring Garden Road will be in a good position to compete with other deal kings like Dollarama and Walmart as 70% of their products are under $5. Miniso opened its first Canadian store in Vancouver in 2017 with a goal of opening 100 across the country by 2019.
Chinova Bioworks, a company that makes a preservative called chitosan out of mushrooms for the food and beverage industry, has received $2 million investment money from DSM Venturing BV. Venture capital firm AgFunder and non-profit Natural Products Canada were also in on the round of funding that will go towards building Chinova’s team and scaling up manufacturing.
The St. John’s based coffee shop Coffee Matters has opened their second location in Halifax on the corner of Gladstone and Almon Streets at the base of the Gladstone North apartment building. Their Lower Water Street location nestled in the Brewery Market has been abuzz with customers since early May. With six locations across Newfoundland and three in Nova Scotia, Coffee Matters has grown quickly since opening their flagship shop at 1 Military Road in 2007.
Friday marked the announcement that Saint John Port is now a Foreign Trade Zone (FTZ) point. This federal designation allows for companies to import goods, assemble and store them and then re-export them without any taxes or duties. Saint John is the tenth designated area in Canada and the port organization hopes this will open up doors to new business on international seas.
Startup Zone will host Invest Atlantic 2018 in Charlottetown The Charlottetown-based incubator and coworking space Startup Zone will be the host of this year’s Invest Atlantic, the largest event for startups and investors in Atlantic Canada. The ninth conference will be the first hosted in …
Boutique Hostel opens in Saint John After months of preparation, the poshtel (posh hostel) Bunk Haus is ready for guests. The new addition to Uptown Saint John includes 24 bunks ranging from $59 for a night in the common bunk area to private rooms for …
Irving Oil has announced they will buy 13 Ultramar gas stations across Atlantic Canada, currently under Couche-Tard’s ownership. Couche-Tard, the owner of Circle K convenience stores, will maintain ownership of the other 23 Ultramars across the region, but they will fly under the Irving banner with the transition starting immediately. Nine of the locations are in Nova Scotia, the other four in St. John’s, Charlottetown and Dieppe.
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.
The popular apparel company East Coast Lifestyle has opened their flagship store at Mic Mac Mall in Dartmouth, N.S. What once was the entrepreneurship class project of Alex Maclean in 2013, is now a nationally recognized brand with t-shirts reppin the east coast provinces from
The only Atlantic Canadian city that will be able to take advantage of Swoop, WestJet’s new ultra-low-cost airline, is Halifax. The inaugural flight soars from Hamilton, O.N. to Abbotsford, B.C. on June 20 and starting this week, flights from Halifax to Hamilton start at $99 one way. The airline is currently flying out of five Canadian cities (Abbotsford,
Copyright © 2019 Atlantic Business Magazine