Cape Breton golf course swings more federal funding
Cabot Links has received another $2 million federal loan making the total investment in the world-renown golf course $17 million. The Atlantic Canada Opportunities Agency announced Friday the additional dollars are a “repayable contribution” going towards upgrading facilities and expanding the appeal of the resort to non-golfers. The course has received $8.5 million in federal interest-free loans and $8.25 million from Nova Scotia in low-interest loans with hopes it will bring more tourism dollars from families visiting Cabot Links.
Hundreds turn up for cannabis career day
More than 200 potential employees showed up at a job fair in St. John’s this past Saturday hoping to land a position at Tweed, the retail cannabis company owned by Canopy Growth Co. The Ontario-based company is one of 24 licensed cannabis retailers in Canada and will also be the major producer and supplier of cannabis in Newfoundland. The job fair aimed to fill 96 positions ranging from store managers to age gaters who will check IDs at five different locations across the province.
Double Double: Irving takes control of Irving
Irving Oil announced on Friday, June 1 that the Arthur Irving Family Trust will take full control of the company. After several months of talks with Oceans Capital, the holding company representing Jack Irving’s family, they have bought out Jack Irving’s family outright. Jack Irving’s son John will have no role at the company.
Dairy co-op expands Summerside facility
ADL, Prince Edward Island’s dairy co-operative, is gearing up to make another expansion at their Summerside plant. The Reads Corner distribution facility will add more than 20,000 square feet of space, growing the already increased infrastructure (ADL added 7,000 square feet in 2016). The addition is expected to be completed by the end of the summer.
Newfoundland Business Hall of Fame welcomes new magnates
Seasoned business leaders gave advice to future entrepreneurs last week at the Newfoundland Business Hall of Fame induction ceremony. Inductees Mark Dobbin of Killick Capital, Shorefast Foundation CEO Zita Cobb and Brendan Paddick founder of Columbus International Inc. passed down business wisdom to 650 guests at the Junior Achievement Gala in St. John’s, which is also a fundraiser for the JA program.
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