Latest news with #Québec-based
Business Wire
3 days ago
- Business
- Business Wire
AppDirect Acquires Energy Broker DNE Resources, Supported by La Caisse,
MONTRÉAL--(BUSINESS WIRE)-- AppDirect, the world's leading B2B commerce platform, announced it has acquired Québec-based DNE Resources, a market-leading energy broker focused on Canadian deregulated markets. This follows AppDirect's recent announcement of its Broker Online Exchange (BOX) acquisition, the most flexible retail energy network in North America. Both acquisitions are financed by a CAD 100 million credit facility provided by global investment group La Caisse (formerly CDPQ) and substantially expand AppDirect's reach into the Canadian and U.S. energy markets, fueling its vision of becoming the everything store and lifecycle management platform for all services supporting business success and growth sold through advisors and brokers. 'The energy market is undergoing massive changes, presenting significant opportunities for cost savings, sustainability, and innovation,' said Nicolas Desmarais, AppDirect's Chairman and CEO. Founded in 2009, DNE provides energy solutions for industrial and commercial customers, making it easier to get the right scalable energy strategy in place. DNE has grown to become one of the largest energy management firms in Canada, with more than CAD 250 million in energy spending under management. Through this acquisition, the DNE team will gain access to the BOX My Service Cloud platform and AppDirect's portfolio of value-added services. This allows DNE to offer a truly differentiated go-to-market approach to provide their customers with additional technology solutions, driving new revenue streams and increasing customer loyalty. 'One of the most important things we focus on as a business is always doing the right thing. In this case, the right thing for our end customers includes solving their evolving energy needs and expanding our solution set to all products supported in the AppDirect procurement marketplace,' said Wayne Burke, Co-founder and CEO of DNE. 'We are excited about this growth opportunity for us as a company and for our customers as a community.' The acquisitions of DNE and BOX mark a bold step forward in AppDirect's mission to redefine the future of technology procurement. By adding energy solutions to its platform — which already includes cloud, telecom, mobility, hardware, and AI — AppDirect is building a unified procurement marketplace for technology advisors and brokers so that their customers can seamlessly find, buy, and manage everything they need to succeed. 'The energy market is undergoing massive changes, presenting significant opportunities for cost savings, sustainability, and innovation,' said Nicolas Desmarais, AppDirect's Chairman and CEO. 'Backed by our longstanding partner La Caisse, our acquisitions of DNE and BOX are happening at a crucial time when increased AI consumption has skyrocketed energy demands. We are committed to empowering businesses with the tools, insights, and infrastructure required to thrive in a connected, sustainable, and rapidly evolving digital economy.' 'La Caisse has been a committed partner of AppDirect since 2020, helping them grow through flexible financing solutions to pursue bold, high-potential acquisitions,' said Jérôme Marquis, Managing Director and Head of Private Credit at La Caisse. 'This latest investment not only reinforces AppDirect's leadership in digital commerce but also drives meaningful economic impact by bringing a Québec energy leader into their platform. We are proud to see our partnership continue to create long-term value in Québec and across North America.' DNE Resources and BOX will remain as strong distinct brands in the energy market. Following these acquisitions, customers will continue to receive the high level of service they have come to expect from DNE and BOX. As a result of this acquisition, DNE customers and BOX brokers can access additional technologies or solutions now available to run their businesses more efficiently and effectively. A&D Global Advisors LLC / M&A Securities Group Inc. served as exclusive financial advisors to DNE Resources Inc. in this transaction. To learn more about AppDirect, connect with our team or head to To learn more about DNE, please visit To learn more about BOX, go to About AppDirect AppDirect is a B2B subscription commerce platform company that brings together technology providers, advisors, and businesses to simplify how they buy, sell, and manage technology. More than 1,000 providers, 10,000 advisors, and 5 million subscribers rely on the AppDirect ecosystem of subscription marketplaces to power their innovation, growth, and success. For more information, visit and follow us on LinkedIn. About DNE DNE is an award-winning energy consulting firm that helps clients receive the best value to power their businesses. We develop energy strategies for businesses, schools, non-profits, and government organizations to help them recognize and weigh their energy options. Our portfolio of CAD 250 million in energy spending under management and growing helps us obtain the most competitive prices for each customer. As our portfolio continues to grow, so does our buying power. About Broker Online Exchange Broker Online Exchange (BOX) is the most flexible retail energy network in North America. It meets the needs of commercial customer advisors, energy brokers, and referral partners by providing direct access to North America's top energy suppliers and markets. Broker Online Exchange also provides personalized support and flexible payment plans to its network of energy brokers and partners. About La Caisse At La Caisse, formerly CDPQ, we have invested for 60 years with a dual mandate: generate optimal long-term returns for our 48 depositors, who represent over 6 million Quebecers, and contribute to Québec's economic development. As a global investment group, we are active in the major financial markets, private equity, infrastructure, real estate and private debt. As at December 31, 2024, La Caisse's net assets totalled CAD 473 billion. For more information, visit or consult our LinkedIn or Instagram pages. La Caisse is a registered trademark of Caisse de dépôt et placement du Québec that is protected in Canada and other jurisdictions and licensed for use by its subsidiaries.
Yahoo
13-06-2025
- Business
- Yahoo
Prime Drink Group's bottling unit enters receivership
Triani Canada, the bottling subsidiary of Prime Drink Group, has been placed into receivership and 'ceased' operations. In a statement, the Canadian beverage holding company said Triani, which does business as Prime Bottling, was placed into receivership on 10 June. The order was issued by the Superior Court in the District of Montreal following a petition by the company's primary creditors. In a statement, Prime Drink Group clarified the parent company and its other subsidiaries remain unaffected by this receivership. The company added its ownership of freshwater rights is separate from Triani, allowing continued operations in those areas. Olivier Primeau, VP marketing, strategic vision and acquisitions at Prime Drink Group, said the receivership of Triani 'puts us in a challenging situation but our resolve and vision remain unwavering'. The Québec-based company acquired Prime Bottling in November. Primeau added: 'It is our intention to fight to recover what is owed to Prime and to continue developing our valuable strategic water and beverage assets.' In February, Prime Drink Group announced a restructuring of Triani following 'an objective third-party financial analysis' of operations. The company said the move would 'optimise organisational structures' and 'improve the profitability of bottling plant operations and exclusively licenced brands'. However, nearly two months later, Triani's principal creditors, Roynat, Financement Agricole Canada and Banque Canadienne Impériale de Commerce, filed for a receiver to be appointed for Triani's assets. At the time, Prime Drink Group said: 'Triani intends to oppose the application from the creditors to pursue its restructuring plan and will continue to seek alternative solutions to the appointment of a receiver.' Prime Drink Group is evaluating several options, including submitting an offer to the principal creditors to acquire 'certain strategic assets' of Triani. The company is also exploring 'other avenues of recourse' concerning Triani and its stakeholders. Additionally, Prime Drink Group has appointed Jean Gosselin as its CFO. Gosselin previously worked as the vice president of finance and corporate secretary of the group. In April, Prime Drink Group reached an agreement to acquire a majority interest in the company behind Relax Downlow, a Québec-based brand specialising in functional beverages. "Prime Drink Group's bottling unit enters receivership " was originally created and published by Just Drinks, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
11-06-2025
- Business
- Yahoo
Prime Drink Group Provides an Update on Its Bottling Subsidiary Receivership
MONTREAL, June 10, 2025 (GLOBE NEWSWIRE) -- Prime Drink Group Corp. (CSE: PRME) ('Prime' or the 'Company') announces that its bottling subsidiary, formerly known as Triani Canada Inc. ('Triani'), has been placed into receivership and has ceased operations. Triani's receivership was ordered on June 10, 2025, by the Superior Court, District of Montreal, at the request of Triani's principal creditors pursuant to Section 243 of the Bankruptcy and Insolvency Act (Canada), as disclosed in the Company's press release dated April 7, 2025. The Company wishes to clarify that the parent company, Prime Drink Group Corp., and all of its other subsidiaries are not subject to this receivership. Ownership of the freshwater rights is segregated from Triani, and operations are continuing. Consistent with its objective of resuming growth of its business and brands, Prime is currently evaluating several options, including its intention to submit an offer to the principal creditors to acquire certain strategic assets of Triani. In addition, the Company is considering other avenues of recourse with respect to Triani and the various stakeholders. 'The receivership of Triani a few months after its acquisition puts us in a challenging situation but our resolve and vision remain unwavering. It is our intention to fight to recover what is owed to Prime and to continue developing our valuable strategic water and beverage assets. We are fortunate to have an experienced team in innovation, brand strategy and marketing that will be able to leverage Prime's assets for the benefit of our shareholders and come out stronger,' said Olivier Primeau, VP Marketing, Strategic Vision and Acquisitions at Prime. The Company reaffirms its commitment to the responsible development of its water resources in Québec. Discussions with government authorities are progressing well. Prime also wishes to announce the appointment of Jean Gosselin as Chief Financial Officer of the Company. Jean has over 40 years of experience in finance and operations and previously served as Vice President of Finance and Corporate Secretary of Prime. About Prime Drink Group Prime Drink Group Corp (CSE: PRME) is a Québec-based corporation focused on becoming a leading diversified holding company in the beverage, influencer media and hospitality sectors. For further information, please contact: Jean Gosselin, CFOPhone: (514) 394-7717 Email: info@ This press release contains 'forward-looking information' within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as 'plans', 'expects' or 'does not expect', 'is expected', 'budget', 'scheduled', 'estimates', 'forecasts', 'intends', 'anticipates' or 'does not anticipate', or 'believes', or variations (including negative and grammatical variations) of such words and phrases or statements that certain acts, events or results 'may', 'could', 'would', 'might' or 'will be taken', 'occur' or 'be achieved'. Forward-looking information in this press release may include, without limitation, statements relating to the receivership and the Company's intentions with respect to recovering Triani from receivership. These statements are based upon assumptions that are subject to significant risks and uncertainties, including risks regarding the beverage industry, market conditions, availability of financing to the Company on acceptable terms, general economic factors, and the equity markets generally. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance of Prime may differ materially from those anticipated and indicated by these forward-looking statements. Any number of factors could cause actual results to differ materially from these forward-looking statements as well as future results. Although Prime believes that the expectations reflected in forward-looking statements are reasonable, they can give no assurances that the expectations of any forward-looking statements will prove to be correct. Except as required by law, Prime disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
11-06-2025
- Business
- Yahoo
Prime Drink Group Provides an Update on Its Bottling Subsidiary Receivership
MONTREAL, June 10, 2025 (GLOBE NEWSWIRE) -- Prime Drink Group Corp. (CSE: PRME) ('Prime' or the 'Company') announces that its bottling subsidiary, formerly known as Triani Canada Inc. ('Triani'), has been placed into receivership and has ceased operations. Triani's receivership was ordered on June 10, 2025, by the Superior Court, District of Montreal, at the request of Triani's principal creditors pursuant to Section 243 of the Bankruptcy and Insolvency Act (Canada), as disclosed in the Company's press release dated April 7, 2025. The Company wishes to clarify that the parent company, Prime Drink Group Corp., and all of its other subsidiaries are not subject to this receivership. Ownership of the freshwater rights is segregated from Triani, and operations are continuing. Consistent with its objective of resuming growth of its business and brands, Prime is currently evaluating several options, including its intention to submit an offer to the principal creditors to acquire certain strategic assets of Triani. In addition, the Company is considering other avenues of recourse with respect to Triani and the various stakeholders. 'The receivership of Triani a few months after its acquisition puts us in a challenging situation but our resolve and vision remain unwavering. It is our intention to fight to recover what is owed to Prime and to continue developing our valuable strategic water and beverage assets. We are fortunate to have an experienced team in innovation, brand strategy and marketing that will be able to leverage Prime's assets for the benefit of our shareholders and come out stronger,' said Olivier Primeau, VP Marketing, Strategic Vision and Acquisitions at Prime. The Company reaffirms its commitment to the responsible development of its water resources in Québec. Discussions with government authorities are progressing well. Prime also wishes to announce the appointment of Jean Gosselin as Chief Financial Officer of the Company. Jean has over 40 years of experience in finance and operations and previously served as Vice President of Finance and Corporate Secretary of Prime. About Prime Drink Group Prime Drink Group Corp (CSE: PRME) is a Québec-based corporation focused on becoming a leading diversified holding company in the beverage, influencer media and hospitality sectors. For further information, please contact: Jean Gosselin, CFOPhone: (514) 394-7717 Email: info@ This press release contains 'forward-looking information' within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as 'plans', 'expects' or 'does not expect', 'is expected', 'budget', 'scheduled', 'estimates', 'forecasts', 'intends', 'anticipates' or 'does not anticipate', or 'believes', or variations (including negative and grammatical variations) of such words and phrases or statements that certain acts, events or results 'may', 'could', 'would', 'might' or 'will be taken', 'occur' or 'be achieved'. Forward-looking information in this press release may include, without limitation, statements relating to the receivership and the Company's intentions with respect to recovering Triani from receivership. These statements are based upon assumptions that are subject to significant risks and uncertainties, including risks regarding the beverage industry, market conditions, availability of financing to the Company on acceptable terms, general economic factors, and the equity markets generally. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance of Prime may differ materially from those anticipated and indicated by these forward-looking statements. Any number of factors could cause actual results to differ materially from these forward-looking statements as well as future results. Although Prime believes that the expectations reflected in forward-looking statements are reasonable, they can give no assurances that the expectations of any forward-looking statements will prove to be correct. Except as required by law, Prime disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
09-06-2025
- Business
- Yahoo
Village Farms International Regains NASDAQ Compliance
VANCOUVER, British Columbia, June 09, 2025 (GLOBE NEWSWIRE) -- Village Farms International, Inc. ('Village Farms' or the 'Company') (NASDAQ: VFF) today announced that it received formal notice from The Nasdaq Stock Market LLC ('Nasdaq') informing the Company that it has regained compliance with the minimum closing bid price of US$1.00 per share listing requirement (Nasdaq Listing Rule 5550(a)(2)) and the matter is now closed. About Village Farms International Village Farms leverages decades of experience in Controlled Environment Agriculture as a large-scale, vertically-integrated supplier of high-value, high-growth plant-based Consumer Packaged Goods. The Company built a strong foundation as the leading and longest-tenured fresh produce supplier to grocery and large-format retailers throughout the US and Canada, but now focuses its agricultural expertise on high-growth cannabinoid opportunities internationally. In Canada, the Company's wholly owned Canadian subsidiary, Pure Sunfarms, is one of the single largest cannabis operations in the world (2.2 million square feet of greenhouse production), the lowest-cost producer and one of Canada's best-selling brands. The Company owns an incremental 2.6 million square feet of greenhouse capacity in Canada for future expansion, and also owns 80% of Québec-based, Rose LifeScience, a leader in the commercialization of cannabis products. Internationally, Village Farms is targeting selected, nascent, legal cannabis opportunities with significant growth potential. The Company exports medical cannabis from its EU GMP certified facility in Canada to international markets including Germany, the United Kingdom, Israel, Australia, and New Zealand. The Company is expanding its export business to new countries and customers, and making select investments in international production assets. In Europe, wholly-owned Leli Holland has one of 10 licenses to grow and distribute recreational cannabis within the Dutch Coffee Shop Experiment. In the US, wholly-owned Balanced Health Botanicals is one of the leading CBD and hemp-derived brands and e-commerce platforms in the country. Subject to compliance with all applicable US federal and state laws and stock exchange rules, Village Farms plans to enter the US THC market via multiple strategies, leveraging its Texas-based greenhouse assets (2.2 million square feet of existing greenhouse capacity and 950 acres of owned, unoccupied land for future expansion). Village Farms Clean Energy (VFCE), through a partnership with Atlanta-based Terreva Renewables, creates renewable natural gas from landfill gas at its Delta RNG facility. VFCE receives royalties on all revenue generated. This partnership reduces Vancouver's greenhouse gas emissions by 475,000 metric tons of CO2 per year, equivalent to removing more than 100,000 vehicles off the road or the energy use equivalent of powering 51,300 homes for one year. The Company also holds a 37.9 percent equity ownership interest in Vanguard Food LP, a privately held joint venture with private investment firms which seeks to create a premier branded CPG foods company through M&A. Vanguard Food LP expects to continue acquiring other produce assets and operations with the support of its private investment firm partners, and will review various products and companies across many production methods while expanding its platform. Contact InformationSam GibbonsSenior Vice President, Corporate AffairsPhone: (407) 936-1190 ext. 328Email: sgibbons@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
