Atlantic Container Line, the New Jersey based shipping company, has announced the closure of their office in Halifax at the end of 2018. As one of the only global shipping companies headquartered in Halifax and almost 50-year old tenancy at the port, the company says it can’t continue office operations. The twice weekly calls to Halifax will not be affected meaning six people stay on staff but 15 will not.
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.
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.
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