Eric Apps’ Post

Great news for Canadian entrepreneurs and businesses focused on delivering value added production of goods and services on top of our comparative advantage in providing agriculture production for export to a hungry world outside North America. Combined with Transmountain delivering growing quarterly interest and dividends to Canadian taxpayers as its cash flow, profitability and volumes expand with growth outside North America. Two great examples of how agencies of the national government are leveraging our people, know how and financial capabilities to expand export markets, growth and jobs. >>>> FCC said Friday it would invest $2-billion through to 2030 to advance agtech innovation in the country’s agri-food industry. It will invest through an array of vehicles that includes funds, direct investments and other investment structures, providing equity, convertible equity and mezzanine loans to companies ranging from pre-seed startups to later-stage enterprises that serve the sector. “There is an opportunity to increase the adoption and access to innovation of the primary producers,” said FCC executive vice-president Darren Baccus, who will oversee the program. “There is a need in this industry for meaningful capital. Canada is so uniquely positioned to be able to do this.” Despite Canada’s status as a global breadbasket, the sector attracts little risk capital. Total venture capital invested in Canadian agribusinesses totalled just $881-million over the past four years combined, according to the Canadian Venture Capital and Private Equity Association (CVCA). That is less than 4 per cent of what Canada’s information and communication technology sector raised over the same period. https://lnkd.in/g64Vudbz During the quarter, $311 million was paid to its parent Canada TMP Finance Ltd., which is itself owned by the Canada Development Investment Corp. That consisted of $148 million in interest payments and $163 million in cash dividends. https://lnkd.in/gg2e-5SF

To view or add a comment, sign in

Explore content categories