Connect with us

Business

Doug Ford will be ordering more businesses and services to close to curb COVID-19

Published

on

Additional businesses and services will soon be forced to close as the fight escalates against the COVID-19 pandemic, warns Premier Doug Ford.

Ford said Wednesday the provincial government is going to be “adjusting that list” of 74 different essential workplaces that have been allowed to remain open since March 25.

“You’ll hear that in the next day or so,” the premier told reporters at his daily teleconference from Queen’s Park.

“We’re going to do everything we can to reduce that list,” said Ford of an expansive tally that includes supermarkets, pharmacies, pet stores, LCBO outlets, Beer Store locations, cannabis retailers, banks, and most construction projects.

“The supply chain is long when it comes to making sure we have food in the retail grocery chains. It’s absolutely critical we keep that supply chain going, but we’re going through it as we speak to adjust the list,” he said.

The premier noted 300 construction sites have been inspected in recent days and three have been shut down because conditions were not deemed to be safe for workers during the pandemic. An additional 160 “orders to comply” with the rules were dispatched to other sites.

“I won’t hesitate to shut down any single site,” said Ford. “We also have to keep in mind that once you hit one trigger, it affects 10 other triggers. There’s thousands and thousands of people across this province waiting to get into their (unfinished) home.”

NDP Leader Andrea Horwath wrote to Ford on Wednesday requesting him to limit construction “to emergency and essential work only” and expand the number of non-essential workplaces.

NDP Leader Andrea Horwath wrote to Ford on Wednesday requesting him to limit construction “to emergency and essential work only” and expand the number of non-essential workplaces.

“Now, more than ever, precaution can save lives and we must not hesitate to take whatever steps are needed to slow the spread of COVID-19,” said Horwath

“I urge you to conduct an immediate review of the list of essential services to ensure that Ontario is doing everything we can to protect vulnerable citizens and prevent infection.”

The premier is also considering a mandatory “stay home” order across the province.

“Last weekend it was a little shocking to see parks and beaches packed. We acted immediately making sure that we brought through an order to make sure we close the parks and close the beaches,” said Ford.

Get the latest in your inbox

Never miss the latest news from the Star, including up-to-date coronavirus coverage, with our free email newsletters

Sign Up Now

“I don’t know what more we can say outside of stay in your home, self isolate when you can. Go out one person at a time to go get your groceries. We can’t emphasize it enough.”

The premier made his comments when he announced a new one-time $50 million “Ontario Together” fund to help manufacturers and other businesses quickly retool production lines to make essential medical equipment, such as masks, surgical gowns, ventilators, and testing gear.

Economic Development Minister Vic Fedeli said the government is working with various businesses and the Automotive Parts Manufacturers’ Association to ramp up ventilator production.

Economic Development Minister Vic Fedeli said the province has ordered 10,000 ventilator units from O-Two Medical Technologies.

Fedeli said the province has ordered 10,000 ventilator units from O-Two Medical Technologies.

Robert Benzie

Robert Benzie is the Star’s Queen’s Park bureau chief and a reporter covering Ontario politics. Follow him on Twitter: @robertbenzie

JOIN THE CONVERSATION

Q:

How will you or your business be impacted by these new measures?

Conversations are opinions of our readers and are subject to the Code of Conduct. The Star does not endorse these opinions.



Source link

Business

Pandemic puts extra hurdles in place for new Sylvan Lake businesses – The Pipestone Flyer

Published

on

By

“People probably think I’m crazy to be opening a new business during a pandemic,” said Sharon Hickin, general manager of the new Lake House Diner and Days Inn Sylvan Lake.

Over the past seven months numerous new businesses have opened in Sylvan Lake, despite the pandemic closing the doors of many others.

Even though a pandemic may not seem like the best time to start a new venture, Bryan Lang, owner of Forge – Games and Hobbies, says with most new businesses, like his, you don’t have a choice but to open anyway.

“So much planning goes into opening a new store… To decide to wait until the pandemic is over would cost more than opening now,” Lang said.

However when the pandemic hit back in March, Lang said he didn’t alter his course and maintained his plan to open his shop in September.

He said he, like everyone else, expected the pandemic to be over by the summer and then life would go on like normal.

Opening a new business comes with many hurdles and difficulties, during a pandemic extra hurdles are put into place.

For both Lang and Hickin the most difficult hurdle to overcome is dealing with other businesses, such as suppliers and distributers, especially when those businesses are working reduced hours or from home.

Hickin says it takes longer to get anything done.

“With reduced hours and working from home it will take people days to get back to me on almost anything,” Hickin said.

Lang said his major hurdle has been working with his distributers, and the ongoing delays on shipments.

The shipment delays are only exasperated when expecting a shipment for a major game launch.

“I understand that they are dealing with the pandemic just the same as everyone else, but when I tell my customers that a product is coming in on Friday but I don’t actually get it until maybe the next week, that hurts my reputation,” said Lang.

Shipment delays kept the shop from opening on time, and pushed opening day back by about two weeks.

The biggest fear related to opening a business during a pandemic is for it to be traced back to an outbreak.

Both Hickin and Lang say they are doing everything in their power to keep potential spread of the virus to an absolute minimum, but the concern is always there, especially in places where people gather.

Hickin decided to move at a slow pace when opening the new restaurant. She said ensuring social distancing and having a smaller menu to begin with will help.

“We are doing everything we can. We are doing everything according to the rules, so we just have to hope for the best,” Hickin said.

Having a contingency plan in place is also important when opening a new business, especially during a pandemic.

If restaurants are forced to close again, Hickin said they will look at their options avialable and offer take out kits or menus if possible.

Lang said the safety of his customers and their family is important and will do everything in his power to ensure they are safe and healthy.

“I have hand sanitizer available, our gaming tables have plastic table cloths over them for easy cleaning, and when playing with miniatures the only person able to handle them is the owner,” Lang said.

On the positive side, the pandemic has reshaped how many people think when it comes to shopping.

While online shopping has increased during the last seven months, so has the drive to shop locally.

Lang hopes the increased shop local drive will benefit the new businesses that have opened and those that will open in the future.

“I may not have locally produced products, as I am a game shop, but I am a local business owner, who needs the support of the community all the same,” he said.

Ultimately, when it comes to opening a new business, in a pandemic or otherwise, one needs to be optimistic.

“You just have to be positive and hope for the best,” said Hickin.

Get local stories you won’t find anywhere else right to your inbox.
Sign up here



Source link

Continue Reading

Business

Meta Growth Shareholders Overwhelmingly Approve Transformational Business Combination with High Tide to Create Canada’s Largest Cannabis Retailer

Published

on

By

TORONTO, Oct. 28, 2020 /CNW/ – Meta Growth Corp. (TSXV: META) (“META” or the “Company”) and High Tide Inc. (CSE: HITI) (OTCQB: HITIF) (Frankfurt: 2LY) (“High Tide”) are pleased to announce that, at the special meeting of shareholders of META held yesterday (the “Meeting”), the shareholders of META voted in favour of a special resolution to approve the previously announced proposed business combination pursuant to which High Tide will acquire all of the issued and outstanding common shares of META (“META Shares”) by way of a plan of arrangement under the Business Corporations Act (Alberta) (the “Arrangement”), as further described in the joint news release issued by META and High Tide on August 21, 2020. The Arrangement required approval by 66 ⅔% of the votes cast by META shareholders present in person or represented by proxy at the Meeting.

The Arrangement will create:

  • Canada’s Largest Cannabis Retailer with $1481 million in Annualized Revenue
  • Annual Cost and Operational Synergies of Approximately $8 million to $9 million
  • A strong Balance Sheet to Support Growth

A total of 102,113,758 META Shares, representing approximately 43.1% of the outstanding META Shares, were represented in person or by proxy at the Meeting. Of the votes cast with respect to the Arrangement, an aggregate of 102,063,111 META Shares were voted in favour of the Arrangement, representing approximately 99.95% of the votes cast on the resolution approving the Arrangement.

It is expected that META will apply for a final order from the Court of Queen’s Bench of Alberta in respect of the Arrangement on October 28, 2020. Completion of the Arrangement remains subject to receipt of required regulatory and court approvals and other customary closing conditions, which are set out in the arrangement agreement between META and High Tide dated August 20, 2020, a copy of which can be found on the SEDAR profiles of META and High Tide at www.sedar.com. Assuming that the conditions to closing of the Arrangement are satisfied or waived, it is anticipated that the Arrangement will be completed on or before the end of November. Further information about the Arrangement is set forth in the materials prepared by META in respect of the Meeting, which were mailed to META shareholders and filed under META’s profile on SEDAR at www.sedar.com.

About META

META is a leader in secure, safe and responsible access to legal recreational cannabis in Canada. Through its Canada-wide network of Meta Cannabis Co.™, Meta Cannabis Supply Co™ and NewLeaf Cannabis™ recreational cannabis retail stores, META enables the public to gain knowledgeable access to Canada’s network of authorized Licensed Producers of cannabis. META is listed on the TSX Venture Exchange (“TSXV”) under the symbol (TSXV: META).

About High Tide

High Tide is a retail-focused cannabis company enhanced by the manufacturing and distribution of cannabis lifestyle accessories. Its premier Canadian retail brand Canna Cabana spans 34 locations in Ontario, Alberta and Saskatchewan, with additional locations under development across Canada. High Tide has been serving cannabis consumers for over a decade through its numerous lifestyle accessory enterprises including eCommerce platforms Grasscity.com and CBDcity.com, lifestyle and licensed entertainment brand manufacturer Famous Brandz, and its wholesale distribution divisions RGR Canada Inc. and Valiant Distribution.

High Tide’s strategy as a parent company is to extend and strengthen its integrated value chain, while providing a complete customer experience and maximizing shareholder value. Key industry investors in High Tide include Aphria Inc. (TSX:APHA) (NYSE:APHA) and Aurora Cannabis Inc. (NYSE:ACB) (TSX:ACB).

Forward Looking Statements

Neither the Canadian Securities Exchange (“CSE”) nor its Market Regulator (as that term is defined in the policies of the CSE), accepts responsibility for the adequacy or accuracy of this release. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

Certain information in this news release constitutes forward-looking statements under applicable securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as “may”, “should”, “anticipate”, “expect”, “potential”, “believe”, “intend” or the negative of these terms and similar expressions. Forward-looking statements in this news release include, but are not limited to, statements with respect to anticipated revenue, operational and annual cost synergies of approximately $8 million to $9 million, receipt of regulatory and court approvals, the completion of any capital project or expansions, the anticipated timing for closing of the Arrangement and the satisfaction of closing conditions of the Arrangement, including, without limitation, obtaining applicable regulatory approvals and a final order from the Court of Queens Bench of Alberta. In particular, there can be no assurance that the Transaction will be completed. Forward looking statements are based on certain assumptions regarding High Tide and META, including expected growth, results of operations, performance, industry trends and growth opportunities. While High Tide and META consider these assumptions to be reasonable, based on information currently available, they may prove to be incorrect. Readers are cautioned not to place undue reliance on forward-looking statements. Forward-looking statements also necessarily involve known and unknown risks, including, without limitation, risks associated with general economic conditions; adverse industry events; marketing costs; loss of markets; future legislative and regulatory developments involving the retail cannabis markets; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; the retail cannabis industries generally; income tax and regulatory matters; the ability of High Tide and META to implement their business strategies; competition; crop failure/conditions; currency and interest rate fluctuations and other risks.

Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.

Forward-looking statements contained in this news release are expressly qualified by this cautionary statement and reflect our expectations as of the date hereof, and thus are subject to change thereafter. High Tide and META disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

_________________________

1 Annualized based on META and HITI’s most recent publicly reported quarters

SOURCE Meta Growth Corp.

For further information: Meta Growth, Mark Goliger, Chief Executive Officer, Meta Growth, Tel: 647-689-6382, [email protected]; High Tide, Jess Moran, Tel: 519-494-5379, [email protected]

Related Links

https://metagrowth.com/

Source link

Continue Reading

Business

Harley-Davidson is getting into the electric bicycle business – TechCrunch

Published

on

By

Harley-Davidson has spun out a new business dedicated to electric bicycles and plans to bring its first line of products to market in spring 2021.

The new business called Serial 1 Cycle Company started as a project within the motorcycle manufacturer’s product development center. The name comes from “Serial Number One,” the nickname for Harley-Davidson’s oldest known motorcycle.

The pedal assist electric bicycle company is being launched amid a booming ebike industry fueled by growing demand in the wake of the COVID-19 pandemic. The global eBicycle market was estimated to be over $15 billion in 2019 and projected to grow at an annual rate of more than 6% from 2020 to 2025, according to Harley-Davidson.

The new Harley-Davidson brand Serial 1 didn’t provide performance details or other specs of its new line of electric bike products. However, the company did release several photos of its first model.

Harley-Davidson-ebike

Image Credits: Harley-Davidson

The new business launch also comes at a critical time for the Milwaukee-based motorcycle manufacturer, which has seen its sales slow as its core customer base ages out of its motorcycles.

In July, Harley-Davidson cut 700 jobs from its global operations as part of an internally branded restructuring plan called “The Rewire.” The plan, which Harley-Davidson chairman, president and CEO Jochen Zeitz first spoke about in the company’s first-quarter earnings call back in April, followed the launch of the company’s first production electric motorcycle the Livewire.

“The formation of Serial 1 allows Harley-Davidson to play a key role in this mobility revolution while allowing Serial 1 to focus exclusively on the eBicycle customer and deliver an unmatched riding experience rooted in freedom and adventure,” Aaron Frank, the new company’s brand director said in a statement.

Harley-Davidson said Jason Huntsman is president of Serial 1 Cycle. The rest of the executive team includes Ben Lund, who is vice president of product development and Hannah Altenburg as lead brand marketing specialist.

Source link

Continue Reading

Trending