Montreal, Canada, May 3, 2021 – mdf commerce inc. (TSX:MDF), a leader in SaaS commerce technology solutions, is proud to announce the launch of a call for applications for the mdf commerce Grants-for-Start-ups programme, the objective of which is to recognize the contribution to the economic recovery of 10 young companies in the techno-digital sector in Quebec. mdf commerce and the AQT are happy to join forces to offer 10 grants as well as two years of AQT membership and personalized support offered by the network. mdf commerce will also offer three one-hour sessions with its experts to each of the winners so that they can discuss best practices in areas such as communications, human resources, sales, marketing or any other business development related topic.
Montreal, Canada, April 8, 2021 – mdf commerce inc. (TSX:MDF), a leader in SaaS commerce technology solutions, announces a partnership between its SMB ecommerce solution (k-eCommerce) and Mibusoft Inc., a Microsoft Gold Partner and value-added reseller providing North American businesses with solutions from the Microsoft Dynamics suite. The combined k-eCommerce and Mibusoft solutions create a comprehensive offering to customers and expands the geographical reach for mdf commerce and its SMB ecommerce solution.
Montreal, Canada, March 26, 2021 – mdf commerce inc. (TSX:MDF), a leader in SaaS commerce technology solutions, is pleased to announce it has earned a spot on the 2021 Report on Business Women Lead Here list, an annual editorial benchmark to identify best-in-class executive gender diversity in corporate Canada. With nearly 50% of female-identifying leaders in its management team, mdf commerce can count on strong, dedicated and experienced executives to pursue the accelerated growth plans of the company.
Montreal, Canada, March 24, 2021 – mdf commerce inc. (TSX:MDF), a leader in SaaS commerce technology solutions, announced today it has obtained the AWS Public Sector Partner designation for its Strategic Sourcing solution BidNet Direct for successfully migrating to the Amazon Web Services (AWS) cloud. The AWS Public Sector Partner Program designation helps mdf commerce to better serve the evolving needs of clients in the public sector and is fully aligned with the company’s vision of driving innovative digital solutions in the strategic sourcing industry, such as paperless procurement processes, more user-friendly platforms and personalized online experiences.
Montreal (Canada), March 17, 2021 – mdf commerce inc. (TSX:MDF), a leader in SaaS commerce technology solutions, is proud to announce a strategic agreement between Carrus, its all-in-one management solution for the automotive aftermarket, and PH Auto Glass, a Canadian leader in sales, distribution and installation of automotive glass. This agreement will allow PH Auto Glass to offer a complete SaaS-based shop management solution integrated to its auto glass distribution system, thus ensuring significant productivity gains for all its customers and partners.
Montréal, Canada, March 15, 2021 – mdf commerce inc. (“mdf commerce” or the “Corporation”) (TSX:MDF), a leader in SaaS commerce technology solutions, announced today the closing of the previously announced public offering of 5,517,242 common shares at a purchase price of $14.50 per common share for aggregate gross proceeds to mdf commerce of approximately $80 million (the “Offering”).
Montreal, Canada, March 10, 2021 – mdf commerce inc. (TSX:MDF), a leader in SaaS commerce technology solutions, today announces a five-year renewal agreement with Alutiiq Professional Consulting, LLC (APC). APC is a sister company to Alutiiq, LLC (Alutiiq), a premier Alaska Native Corporation-owned company whose subsidiaries are leading providers of specialized services to the US Federal Government. The renewed mdf commerce contract lifecycle management (CLM) solution for APC has dramatically improved team collaboration and operational efficiency.
Montreal, Canada, March 4, 2021 – mdf commerce inc. (TSX:MDF), a leader in SaaS commerce technology solutions, announces the launch of significant enhancements to its contract lifecycle management (CLM) solution called ASC. These improved features boost efficiencies for clients and underscore the commitment of mdf commerce to innovation and maintaining market leadership in the strategic sourcing and contract lifecycle management industries.
Montreal, Canada, March 2, 2021 – mdf commerce inc. (TSX:MDF), a leader in SaaS commerce technology solutions, is delighted to announce a partnership between its Supply Chain platform InterTrade and Contentserv, a global Product Experience Platform leader.
Montreal, Canada, February 26, 2021 – mdf commerce inc. (TSX:MDF), a leader in SaaS commerce technology solutions, today announces that Mason Companies, Inc., a family-owned, multi-channel US-based retailer, has signed an agreement with its Supply Chain platform InterTrade for its Product Catalogue solution. With this multi-year agreement, Mason Companies, Inc. confirms that the InterTrade Product Catalogue of mdf commerce is their solution of choice, meeting their high standards for customer service.
Montreal, Canada, February 23, 2021 – mdf commerce inc. (TSX:MDF), a leader in SaaS commerce technology solutions, announces that 14 new government agencies in the Rhode Island area have joined its Strategic Sourcing solution BidNet Direct. Nearly 6,000 vendors have also registered to the Rhode Island Purchasing Group, which represents a 19% increase in registered vendors since the official launch of the new purchasing group in January 2021. This rapid expansion into the region will provide efficient and comprehensive online procurement solutions to local governments and businesses.
Montreal, February 23, 2021 - mdf commerce inc. ("mdf commerce" or the "Corporation") (TSX: MDF), a leader in SaaS commerce technology solutions, announced today that it has entered into an agreement with a syndicate of underwriters led by Stifel GMP (the "Lead Underwriter", and together with the syndicate of underwriters, the "Underwriters"), pursuant to which the Underwriters have agreed to purchase on a bought deal basis 5,517,242 common shares of the Corporation (the "Common Shares") at a price of $14.50 per Common Share (the "Offering Price") for gross proceeds of approximately $80 million (the "Offering").
mdf commerce Reports Q3 2021 Total Revenue Growth of 18% Year- over-Year to $21.4 Million. Unified Commerce platform reaches 44% of total revenue
Montreal, Canada, February 10, 2021 – mdf commerce inc. (TSX:MDF), a SaaS leader in digital commerce technologies, reported Q3 FY 2021 financial results for the period ending December 31st, 2020. All amounts are expressed in Canadian dollars.
Montreal, Canada, February 10, 2021 – mdf commerce inc. (TSX:MDF), a leader in SaaS commerce technology solutions, is delighted to announce the appointment of Clément Gignac to its Board of Directors. Mr Gignac was nominated at the company’s Board meeting on February 10, 2021.
Montreal, Canada, February 8, 2021 – mdf commerce inc. (TSX:MDF), a leader in SaaS commerce technology solutions, today announced that it will be presenting at the Stifel GMP Online Grocery Virtual Conference on Wednesday, February 17 at 9:30 a.m. EST. Luc Filiatreault, President and CEO of mdf commerce, will be presenting the company to a live, virtual audience.
Montreal, Canada, February 4, 2021 – mdf commerce inc. (TSX:MDF), a leader in SaaS commerce technology solutions, announces the appointment of Deborah Dumoulin as Chief Financial Officer at mdf commerce. Deborah joined the company last November as Strategic Advisor before taking up her current role as Chief Financial Officer on January 1, 2021. As well, Nicolas Vanasse will be appointed as Vice-President, Chief Legal Officer and Corporate Secretary. Nicolas will be succeeding Hélène Hallak, Vice-President, Corporate Development and Chief Legal Officer, who has decided to take up new challenges after 14 years with the company. Hélène and Nicolas will be working together to ensure a smooth transition until her departure on February 19, 2021. We thank Hélène for her immense contribution to the company over the years.
Montreal, Canada, January 28, 2021 – mdf commerce inc. (TSX:MDF), a leader in SaaS commerce technology solutions, will hold a conference call to discuss third quarter 2021 financial results.
Montreal, Canada, January 25, 2021 – mdf commerce inc. (TSX:MDF), a leader in SaaS commerce technology solutions, today announces that Indigo Books & Music Inc. (Indigo, TSX:IDG), Canada's largest book and lifestyle retailer, has signed a service agreement with InterTrade, the supply chain solution of mdf commerce for EDI fulfilment services. With this new partnership, Indigo underscores InterTrade’s reliable advanced supply chain technology and superior customer service.
Originally published on LSA (by Morgan Leclerc - available in French only) - Aldi a testé puis massivement déployé le drive au deuxième semestre 2020 au Royaume-Uni. L’entreprise canadienne mdf commerce, qui a installé toute l’infrastructure logicielle, revient sur ce dossier, en pointant les enjeux, les bonnes pratiques et les méthodes mises en place.
Montreal, Canada, January 12, 2021 – mdf commerce inc. (TSX:MDF), a leader in SaaS commerce technology solutions, is thrilled to announce an agreement with the Alberta Investment Management Corporation (AIMCo) and the successful implementation of CLM tools and services from its Strategic Sourcing ASC solution.
Originally published on TVA Nouvelles (available in French only) - Le fonds d'investissement de la CSN, Fondaction, a pris une participation de 12,5 M$ dans mdf commerce (anciennement Mediagrif) pour aider l'entreprise de Longueuil à conquérir de nouveaux marchés.
Originally published in the Journal de Montréal (available in French only) - Le fonds d'investissement de la CSN, Fondaction, a pris une participation de 12,5 M$ dans mdf commerce (anciennement Mediagrif) pour aider l'entreprise de Longueuil à conquérir de nouveaux marchés.
Originally published in the CanTech Letter (by Ron Suttleworth) - During this crazy year it has been evident that there is a new emerging sector of strength in the Canadian technology space. It’s not Artificial Intelligence, although there are a lot developer skills residing there. Mobile, gaming, blockchain, fintech and cannabis have all had their day in the sun and Canadian strength in telecommunications remains solid. But investors are now finding a new sector muscling onto the scene delivering enormous returns.
Originally published in Les Affaires (by Catherine Charron and Stéphane Rolland - available in French only) - mdf commerce (MDF, 10,60$): son entente avec l’épicier Aldi est saluée
Originally published in the CanTech Letter (by Nick Waddell) - A big contract win has highlighted the e-commerce capabilities of mdf commerce (mdf commerce Stock Quote, Chart, News TSX:MDF), says analyst Nick Agostino of Laurentian Bank Securities. Agostino issued an update to the clients on Monday where reasserted his “Buy” rating and raised his target price from $11.50 to $13.25 on MDF’s gaining sales momentum. The stock was also included on a list of “Preferred Picks” for 2021 from the firm.
Originally published on The Drinks Business (by Arabella Mileham) - UK discounter Aldi has expanded its trial click and collect service as it aims to roll out the service in more than 200 stores in time for Christmas.
Originally published on the Retail Gazette (by Sahar Nazir) - Aldi to expand click-and-collect grocery service to over 200 stores - The initiative presents an opportunity to offer a service in high demand across the UK - Customers will be able to access Aldi’s full grocery range contact-free
Originally published on eDelivery (by Alex Sword) - Discount supermarket Aldi will offer UK-wide click and collect after successful pilots of the service.
Originally published on the Retail Times - Aldi has recently signed an agreement with mdf commerce Inc., a leader in SaaS commerce technology solutions, for its omni-channel commerce solution Orckestra Commerce Cloud. Together they are expanding the Click & Collect grocery service to make it available to more than 200 stores across the UK before Christmas.
Montreal, Canada, December 14, 2020 – Aldi has recently signed an agreement with mdf commerce Inc. (TSX:MDF), a leader in SaaS commerce technology solutions, for its omnichannel commerce solution Orckestra Commerce Cloud. Together they are expanding the Click & Collect grocery service to make it available to more than 200 stores across the UK before Christmas.
Originally published on La Presse (by Richard Dufour - available in French only) - Une grande chaîne allemande de supermarchés confie à mdf commerce la gestion de son expérience de magasinage en ligne, un contrat qui ajoutera « plusieurs millions de dollars » au chiffre d’affaires annuel de l’entreprise de Longueuil.
Montreal, Canada, December 9, 2020 – mdf commerce inc. (TSX:MDF), a leader in SaaS commerce technology solutions, today announced that it will be presenting at the 13th annual LD Micro Main Event investor conference on Monday, December 14 at 1:00 PM EST. Luc Filiatreault, President and CEO of mdf commerce, will be presenting the company to a live, virtual audience.
Originally published on SmallCapPower - mdf commerce inc. (TSX:MDF) analyst has renewed confidence in the company’s prospects with “more room for growth”
Originally published on GovTech Biz - Acquiring Vendor Registry two months after a public rebranding, mdf commerce inc. adds hundreds of buyers and tens of thousands of suppliers in the United States to its procurement platform.
Montréal, Canada, November 20, 2020 – mdf commerce inc. (“mdf commerce”) (TSX:MDF), a leader in SaaS commerce technology solutions, is pleased to announce the closing of the transaction previously announced on November 2, 2020 regarding the acquisition of Vendor Registry, Inc.
Montreal, Canada, November 16, 2020 – mdf commerce inc. (TSX:MDF), a leader in SaaS commerce technology solutions, announces that Paul Bourque, Chief Financial Officer, will leave the Company at the end of the year.
mdf commerce Reports Q2 2021 Total Revenue Growth of 14% Year-over-Year to 20.8 Million, driven by a 54% increase in Unified Commerce Revenue
Montreal, Canada, November 11, 2020 – mdf commerce inc. (TSX: MDF), a SaaS leader in digital commerce technologies, reported Q2 2021 financial results for the period ending September 30th, 2020. All dollars are expressed in Canadian currency.
Montreal, Canada, November 9, 2020 – mdf commerce inc. (TSX:MDF), a leader in SaaS commerce technology solutions, is pleased to announce an agreement with the Government of Newfoundland and Labrador to streamline the provincial procurement process by implementing the MERX electronic procurement system, part of its end-to-end Strategic Sourcing platform. This agreement reinforces mdf commerce as a trusted partner for strategic sourcing solutions across North America.
Montréal, Canada, November 6, 2020 – mdf commerce inc. (“mdf commerce” or the “Corporation”) (TSX:MDF), a leader in SaaS commerce technology solutions, announced today the closing of the previously announced public offering of an aggregate of 4,780,550 common shares at a purchase price of $10.00 per common share for aggregate gross proceeds to mdf commerce of $47,805,500, which includes the exercise in full by the underwriters of their over-allotment option to purchase up to 623,550 additional common shares (the “Offering”).
Montréal, Canada, November 2, 2020 – mdf commerce inc. (“mdf commerce”) (TSX:MDF), a leader in SaaS commerce technology solutions, announced today that it has entered into an agreement, through its wholly-owned subsidiary, for the acquisition of substantially all of the assets of Vendor Registry, Inc. (“Vendor Registry”), a provider of strategic sourcing solutions in the United States. This acquisition aligns well with the 5-year strategic plan produced by mdf commerce during fiscal year 2020.
Montreal, Canada, October 29, 2020 – mdf commerce inc. (TSX:MDF), a leader in SaaS commerce technology solutions, will hold a conference call to discuss second quarter 2021 financial results.
Montreal, Canada, October 26, 2020 – mdf commerce inc. (TSX:MDF), a leader in SaaS commerce technology solutions, announces the appointment of Yan Charbonneau as Vice President, Research and Development (R&D), Strategic Sourcing; Robert Craft as Vice President, Product, Strategic Sourcing; André Mainville as Vice President, Enterprise Sales, ecommerce; Shawn Walls as Vice President, SMB Sales, ecommerce and Julie Bélanger as Vice President, Human Resources at mdf commerce. These new team members, who have joined mdf commerce in the course of the past six months, are key to the successful implementation of the company’s strategic plan, which is focused on accelerating growth and delivering state-of-the-art products and services to its clients.
Montreal, Canada, October 20, 2020 – mdf commerce inc. (TSX:MDF), a leader in SaaS commerce technologies, announces a partnership between its ecommerce solution k-eCommerce and Enavate, a Microsoft Gold Partner and certified reseller of Microsoft Dynamics 365.
Montréal, Canada, October 19, 2020 - mdf commerce inc. (TSX:MDF) ("mdf" or the "Company") announced today that, due to a stronger demand, it has agreed with a syndicate of underwriters led by Stifel GMP (together with the syndicate of underwriters, the "Underwriters"), to increase the size of its previously announced $40,000,000 bought deal offering. Pursuant to the upsized deal terms, the Underwriters have agreed to purchase, on a bought deal basis, 4,157,000 common shares (the "Common Shares") of the Company at a price of $10.00 per Common Share (the "Offering Price") for aggregate gross proceeds to mdf of $41,570,000 (the "Offering").
Montreal, Canada, October 19, 2020 - mdf commerce inc. (TSX:MDF) ("mdf" or the "Company") announced today that it has entered into an agreement with a syndicate of underwriters led by Stifel GMP (the "Lead Underwriter" and together with the syndicate of underwriters, the "Underwriters"), pursuant to which the Underwriters have agreed to purchase on a bought deal basis 4,000,000 common shares of the Company (the "Common Shares") at a price of $10.00 per Common Share (the "Offering Price") for gross proceeds of $40,000,000 (the "Offering").
Montréal, Canada, October 15, 2020 – mdf commerce inc. (“mdf commerce”) (TSX:MDF), a leader in SaaS commerce technology solutions, announces today the closing of its bank refinancing previously announced on October 14, 2020 regarding the conclusion of the monthly recurring revenue (MRR)-based CAD$50 million senior secured credit agreement.
Montréal, Canada, October 14, 2020 – mdf commerce inc. (“mdf commerce”) (TSX:MDF), a leader in SaaS commerce technology solutions, is pleased to announce that it has secured credit facilities of up to CAD$50 million by entering into a senior credit agreement with The Bank of Nova Scotia and Roynat Capital Inc. Closing of the new senior secured credit agreement is contemplated to occur on or about October 15, 2020, subject to the satisfaction of certain conditions precedent that are customary for financing transactions of this nature.
Montreal, Canada, October 9, 2020 – mdf commerce inc. (TSX:MDF), a leader in SaaS digital commerce technologies, announces a milestone release of its unified commerce solution k-eCommerce. The new release provides a range of key improvements and new tools that highlight mdf commerce’s ongoing investments in product innovation, which is a key element of the company’s strategic plan. The k-eCommerce solutions of mdf commerce serve the ecommerce needs of approximately 700 SMBs across North America and has onboarded over 80 new clients just in the past six months.
Montreal, Canada, October 8, 2020 – mdf commerce inc. (TSX:MDF), a leader in SaaS commerce technologies, is proud to announce a strategic partnership with KPMG for the distribution and onboarding of its ecommerce solutions. This partnership is part of mdf commerce’s goal of significantly expanding its go-to-market capabilities within the high-growth, high-potential sector that is ecommerce. This partnership represents a key milestone in the company’s efforts to expand its partner networks and subsequent market reach.
Since the company was rebranded to mdf commerce as part of its strategic plan focused on accelerated growth in the Unified Commerce and Strategic Sourcing sectors, mdf commerce has been in the news. Here are some of the articles covering our transformation.
mdf commerce publishes results on shareholders votes for the election of its directors and confirms the approval of the name change
Montreal, Canada, September 25, 2020 – mdf commerce inc. (“mdf commerce”) (TSX:MDF), a leader in SaaS commerce technology solutions, publishes today the results of the shareholders vote for the election of directors during its annual and special meeting (the “Meeting”) held Wednesday, September 23, 2020, to which more than 600 people participated.
Montreal, Canada, September 24, 2020 – Mediagrif Interactive Technologies Inc. (TSX:MDF), a leader in SaaS commerce technology solutions, is announcing a change of its identity to mdf commerce inc. effective immediately. The new identity is one of the components of the company’s strategic plan of refocusing its efforts in order to accelerate growth in the Unified Commerce and Strategic Sourcing sectors. This rebranding was approved at the annual general meeting held yesterday and reflects the evolution of the company and its vision for the future as a unified commerce technology company servicing forward-looking businesses.
Montreal, Canada, September 15, 2020 – Mediagrif Interactive Technologies Inc. (TSX:MDF), a leader in SaaS commerce technologies, is proud to announce it has earned a spot on the inaugural Report on Business Women Lead Here list, an annual benchmark of executive gender diversity in corporate Canada.
Significant 48% growth recorded for the Unified Commerce.
Montreal, Canada, August 12, 2020 – Mediagrif Interactive Technologies Inc. (TSX: MDF), a leader in SaaS digital commerce technologies, today released its financial results for the first quarter of fiscal 2021 which ended on June 30, 2020. All dollar amounts are expressed in Canadian currency and are prepared in accordance with International Financial Reporting Standards (IFRS).
Montreal, Canada, August 4, 2020 – Mediagrif Interactive Technologies Inc. (TSX:MDF), a leader in SaaS commerce technologies, is pleased to announce the award of a framework agreement with the NHS LPP to provide best-of-breed CLM solutions and services from its Strategic Sourcing ASC platform.
Montreal, Canada, July 30, 2020 – Mediagrif Interactive Technologies Inc. (TSX: MDF), a leader in SaaS commerce technologies, will hold a conference call to discuss first quarter 2021 financial results.
Longueuil, Canada, July 23, 2020 – Mediagrif Interactive Technologies Inc. (TSX:MDF), a SaaS leader in digital commerce technologies, is proud to announce a partnership with Logic Information Systems Inc., a global leader in retail consulting. Moving forward, Logic will become a channel partner by offering Mediagrif’s Orckestra solutions to its retail clients, amplifying Mediagrif’s sales capacities and ability to scale. This partnership is in line with Mediagrif’s goal of accelerated growth, which is a central element of its strategic plan.
Longueuil, Canada, July 14, 2020 – Mediagrif Interactive Technologies Inc. (TSX:MDF), a leader in SaaS commerce technologies, is delighted to welcome The Canning Group to its platform bidnetdirect.com. The addition of this group confirms the platform’s rapid growth trajectory, which was accelerated by the increased tendering needs triggered by the COVID-19 situation.
Longueuil, Canada, July 2nd, 2020 – Mediagrif Interactive Technologies Inc. (TSX: MDF), a leader in SaaS commerce technologies, is proud to announce that its enterprise-grade e-commerce solution – Orckestra – has been selected as one of the exhibitors at the new Retail TechLab in Copenhagen.
Transformation to a Digital Commerce SaaS Company is well under way. Recurring revenue growth is accelerating.
Longueuil, Canada, June 29, 2020 – Mediagrif Interactive Technologies Inc. (TSX: MDF), a leader in digital commerce technologies, today released its financial results2 for its fourth quarter and full year fiscal 2020 which ended on March 31st, 2020. All dollar amounts are expressed in Canadian currency and are prepared in accordance with International Financial Reporting Standards (IFRS).
Longueuil, Canada, June 19, 2020 – Mediagrif Interactive Technologies Inc. (TSX: MDF), a Canadian leader in SaaS commerce technology solutions, will hold a conference call to discuss fourth quarter 2020 financial results.
Longueuil, Canada, June 18, 2020 – Mediagrif Interactive Technologies Inc. (TSX: MDF), leader in commerce technologies, is pleased to announce that following the major overhaul of its MERX.com platform on May 28, it is now launching its new InterTrade.com site. InterTrade Systems Inc. has been part of the larger Mediagrif family since 2010 and is the solution that Mediagrif offers its clients to simplify, optimize and secure their supply chain.
On May 28, Luc Filiatreault, President & CEO of Mediagrif, spoke at the first Virtual Technology Investor Day hosted by Toronto Stock Exchange and TSX Venture Exchange. Mediagrif was among the 10 public and private Canadian technology companies invited to participate in the event.
Longueuil, Canada, May 28, 2020 – Mediagrif Interactive Technologies Inc. (TSX: MDF) is pleased to announce the launch of a greatly improved version of MERX.com, Canada’s leading source for business opportunities. Active for the past 20 years, Canada’s premier website for business opportunities has gone through a significant upgrade from both a technology and user experience perspective.
Longueuil, Canada, May 21, 2020 – Mediagrif Interactive Technologies Inc. (TSX: MDF) ("Mediagrif" or the "Company") is pleased to announce that it has completed its previously announced upsized bought deal offering, under which a total of 2,909,091 common shares of Mediagrif (the "Common Shares") were sold at a price of $5.50 per Common Share for aggregate gross proceeds of $16,000,000.50, including Common Shares issued pursuant to the partial exercise of the over-allotment option granted to the Underwriters (as defined below) (the "Offering"). The Offering was conducted by a syndicate of underwriters led by Echelon Wealth Partners Inc., and including Acumen Capital Finance Partners Limited, Desjardins Securities Inc. and Laurentian Bank Securities Inc. (the “Underwriters”).
Longueuil, Canada, May 12, 2020 – Mediagrif Interactive Technologies Inc. (TSX: MDF) ("Mediagrif" or the "Company"), is pleased to announce that in connection with its previously announced bought deal private placement offering, the Company and a syndicate of underwriters led by Echelon Wealth Partners Inc., and including Acumen Capital Finance Partners Limited, Desjardins Securities Inc. and Laurentian Bank Securities Inc., have agreed to increase the size of the offering. The Company will now issue 2,727,300 Common Shares (the “Common Shares”) from treasury at a price of C$5.50 per Common Share (the "Issue Price") for gross proceeds of approximately C$15 million (the “Offering”).
The following article has been translated from the original (Une crise salvatrice pour Mediagrif) with the authorization of the journalist (Richard Dufour) and the media (La Presse).
After seeing its profitability erode, Longueuil-based tech firm Mediagrif notes that the COVID-19 crisis has had an unexpectedly positive impact on its activities.
Longueuil, Canada, May 4, 2020 – Mediagrif Interactive Technologies Inc. (TSX: MDF) ("Mediagrif" or the "Company"), is pleased to announce that it has entered into an agreement with a syndicate led by Echelon Wealth Partners Inc. ("Echelon"), to purchase, on a bought deal basis, 1,818,200 Common Shares (the “Common Shares”) of the Company at a price of C$5.50 per Common Share (the "Issue Price") for gross proceeds of approximately C$10,000,000 (the “Offering”).
Longueuil, Canada, April 20, 2020 – Mediagrif Interactive Technologies Inc. (TSX:MDF), a leader in commerce technology, is finding new ways to help its customers across North America and in parts of Europe and Asia during these unprecedented times. Our sectors of activity are vital in ensuring business continuity in critical areas such as medical equipment, groceries as well as public sector sourcing for multiple levels of governments and agencies
We are here for you.
We want to reiterate our solidarity with all those on the front lines to limit the spread of the virus, and to voice our support to those who are experiencing the consequences of this pandemic. As the COVID-19 virus continues to impact the global community, we wish to inform you of the measures taken at Mediagrif and its subsidiaries to ensure the continuity of our operations, which have an impact on the business activities of our local and international clients.
Longueuil, Canada, February 11, 2020 – Mediagrif Interactive Technologies Inc. (TSX: MDF), a leader in commerce technologies, today unveiled its financial results2 for the third quarter of fiscal 2020 which ended on December 31st, 2019. The Company also announced the completion and launch of its new strategic plan which outlines its three main pillars of growth, and key areas of operational focus.
Longueuil, Canada, February 6, 2020 – Mediagrif Interactive Technologies Inc. (TSX: MDF), a Canadian leader in SaaS commerce technology solutions, will hold a conference call to discuss third quarter 2020 financial results.
Longueuil, Canada, January 29, 2020 – InterTrade Systems Inc., a leading provider of B2B supply chain integrated solutions and part of Mediagrif Interactive Technologies Inc. (TSX: MDF), announced today that it is one of seven companies to first become a GS1 US Certified Identification Partner – a program where InterTrade will help direct and educate its customers on how to quickly obtain a GS1 Company Prefix and create authentic Global Trade Item Numbers (GTINs), simplifying the process for issuing unique product identification and therefore improving their product-to-market efficiency.
On January 18, 2020, Polygon participated in the Chicago Jewelers Association’s (CJA) 145th-anniversary Black Tie Gala and was a proud sponsor of the Tom Foody Scholarship Program, which helps students from low-income families obtain scholarships for college and university.
Longueuil, Canada, January 8, 2020 – Orckestra Technologies Inc., a leading omnichannel commerce platform for innovative retailers and brands and subsidiary of Mediagrif Interactive Technologies Inc. (TSX: MDF), today announced the release of Orckestra Commerce Cloud 4. This update provides significant new features and enhancements, including Orckestra’s new Unified Product Management solution.
On November 28, 2019, several members of the Mediagrif team attended the 11th edition of the Agile Tour Montréal, which was taking place at the Palais des Congrès. A number of colleagues also participated in a full-day Agile training on December 10 at our Longueuil office.
This year, four Mediagrif team members participated in Movember, an annual event involving the growing of moustaches during the month of November to raise awareness of men's health issues.
Longueuil, Canada, December 3, 2019 – Mediagrif Interactive Technologies Inc. (TSX: MDF), a Canadian leader in information technology, is pleased to announce today the closing of the transaction previously announced on November 13, 2019 regarding the acquisition of k-eCommerce. About kCentric Technologies Inc.
Mediagrif is glad to have been listed in “Canada’s Top 100 Corporate R&D Spenders 2019” of Research Infosource Inc. for the second year in a row. We moved from rank 81 (2017 revenues) to 68 (2018 revenues), reaching the 3rd position in our company revenue tier.
Longueuil, Canada, November 18, 2019 – Mediagrif Interactive Technologies Inc. (TSX: MDF), a Canadian leader in information technology, today announces the nomination of Mr. Steven Quon as Vice President, Sales at InterTrade Systems Inc., a Mediagrif subsidiary specialised in B2B supply chain integrated solutions aimed at optimizing collaboration between retailers, suppliers and vendors. Mr. Quon’s responsibilities will include leading the sales team, increasing InterTrade’s revenue growth in the United States and Canada, as well as developing sales channel and strategic partnership strategies.
CanUX, the biggest annual event in Canada for user experience (UX) and design trends, took place from October 31 to November 3 in Ottawa. Mediagrif was proud to be represented by several of its team members: Victor Korosi, Patricia Beaulieu, Alain Rousseau, Annie Laflamme and Caroline Galipeau.
Longueuil, Canada, November 13, 2019 – Mediagrif Interactive Technologies Inc. (TSX: MDF), a Canadian leader in information technology announced today that it has entered into an agreement for the acquisition of all of the issued and outstanding shares of kCentric Technologies Inc. (“k-eCommerce”), a leading provider of e-commerce solutions designed for Microsoft Dynamics and SAP Business One ecosystems and servicing the specific needs of mid-sized enterprises. As mentioned at its shareholders’ annual general meeting, Mediagrif is happy to announce this acquisition, which is in line with its strategy focused on B2B.
Announcement of results for the second quarter of fiscal 2020 of Mediagrif
Longueuil, Canada, November 12, 2019 – Mediagrif Interactive Technologies Inc. (TSX: MDF), a Canadian leader in information technology, today unveiled its financial results for the second quarter of fiscal 2020. This is the second quarter since the Corporation’s announcement regarding the sale of its B2C assets and the strategic direction to focus operations on its growing B2B businesses.
Longueuil, Canada, November 5, 2019 – Mediagrif Interactive Technologies Inc. (TSX: MDF), a Canadian leader in information technology offering Strategic Sourcing and Unified Commerce solutions, will hold a conference call to discuss second quarter 2020 financial results.
Longueuil, Canada, November 4, 2019 – ASC Networks Inc. (ASC), a leading provider of SaaS and on-premise source-to-contract solutions, and part of Mediagrif Interactive Technologies Inc. (TSX: MDF), announced today that Advanced Micro Devices, Inc. (AMD), a global semiconductor company and innovation leader, has awarded a contract to ASC for the integrated Contracts, Forms and Requestor modules. This will allow AMD to streamline, simplify and automate its contract lifecycle management, form management and non-disclosure agreement (NDA) processes on an enterprise-wide basis.
Longueuil, Canada, October 22, 2019 – Mediagrif Interactive Technologies Inc. (TSX: MDF), a Canadian leader in information technology, today announces the nomination of Nathalie Meunier as Vice President, Human Resources. Ms. Meunier has joined the Mediagrif team to reinforce the company's talent management and acquisition efforts and foster growth in the context of Mediagrif's strategic shift to focus on B2B activities.
On October 9th and 10th, Mediagrif’s recruitment team was at the National Career Event at the Palais des Congrès de Montréal to fill a variety of new openings related to development, information technology and design, as well as to promote our employer brand with potential candidates.
Longueuil, Canada, September 30, 2019 – Orckestra Technologies Inc., an omnichannel solutions leader and subsidiary of Mediagrif Interactive Technologies Inc. (TSX: MDF), is proud to announce that BLACK+DECKER has selected Orckestra’s API-first platform to build the unique new commerce experience of Pria, BLACK+DECKER’s newest automated home healthcare assistant device
Mediagrif joins the government of Quebec’s mission to the AI summit in San Francisco. The Company’s goal is to accelerate its AI strategies
Longueuil, Canada, September 23, 2019 – Mediagrif Interactive Technologies Inc. (TSX: MDF) will be joining the mission organized by the Quebec Ministry of Economy and Innovation and the Quebec Trade Office based in Silicon Valley. The mission will be heading to the San Francisco AI summit, which takes place from September 24 to 27 2019.
MERX named strategic sourcing solution provider of choice for government of Newfoundland and Labrador
Longueuil, Canada, September 19, 2019 – MERX Networks Inc., Canada’s leading Strategic Sourcing provider, and part of Mediagrif Interactive Technologies Inc. (TSX: MDF), is pleased to announce a new five-year agreement with the Government of Newfoundland and Labrador (GovNL) and the Office of the Chief Information Officer. MERX will supply a world-class solution which includes Tendering and Electronic Bidding options that will streamline the provincial procurement process. The solution provided also enables users from other public bodies to input bidding opportunities and award information for reporting purposes.
Mediagrif publishes results on shareholders votes for the election of its directors
Longueuil, Canada, September 12, 2019 – Mediagrif Interactive Technologies Inc. (“Mediagrif”) (TSX: MDF), a Canadian leader in information technology, publishes today the results of the shareholders vote for the election of directors during its annual general meeting (the “Meeting”) held Wednesday, September 11, 2019.
Mediagrif announces new president & ceo and new action plan at annual general meeting
Longueuil, Canada, September 11, 2019 — Mediagrif Interactive Technologies Inc. (TSX: MDF), a Canadian leader in information technology offering Strategic Sourcing and Unified Commerce solutions, announced today at its annual general meeting of shareholders the appointment of tech industry veteran Luc Filiatreault as President & CEO, as well as revealed preliminary details for an ambitious action plan to accelerate growth.
MERX signs contracts with cities of Winnipeg and Airdrie, reinforces Canadian leadership position as e-solution procurement provider
Longueuil, Canada, September 6, 2019 – MERX Networks Inc., Canada’s leading e-tendering service, and part of Mediagrif Interactive Technologies Inc. (TSX: MDF), has just signed two new contracts, one with the City of Winnipeg (Manitoba) and the other with the City of Airdrie (Alberta).
Mediagrif reports results for its first quarter of fiscal 2020. First quarter since activation of strategy to refocus on B2B activities
Longueuil, Canada, August 6, 2019 – Mediagrif Interactive Technologies Inc. (TSX: MDF), a Canadian leader in information technology, today released its results for the first quarter of 2020. This is the first quarter since the Company’s announcement regarding the sale of its B2C assets and the strategic direction to focus operations on its growing B2B business.
Longueuil, Canada, June 11, 2019 – Mediagrif Interactive Technologies Inc. (TSX: MDF), a Canadian leader in information technology, today announced its fiscal 2019 financial results. Unless otherwise indicated, all amounts are in Canadian dollars.
Mediagrif announces the sale of LesPAC Network Inc.
Longueuil, Canada, June 11, 2019: Mediagrif Interactive Technologies Inc. (TSX: MDF), a Canadian leader in information technology, announces today the sale of LesPAC Network Inc. (« LesPAC ») to Trader Corporation. The transaction is for a total cash consideration of $19 million, subject to customary adjustments. A transition period is planned to ensure continuity in the operations.
Orckestra and Logient announce partnership to provide omnichannel commerce solutions in Québec
LONGUEUIL, QC, May 6, 2019 /CNW Telbec/ - Orckestra Technologies Inc., an omnichannel solutions leader and subsidiary of Mediagrif Interactive Technologies Inc. (TSX: MDF), is proud to announce a partnership with Logient, a Québec leader in custom software solutions. Moving forward, Logient will offer Orckestra solutions to its retail clients.
Mediagrif announces departure of President and Chief Executive Officer, and appointment of Acting President and Chief Executive Officer and of Vice-President, Operations and Strategies
Longueuil, Canada, March 26, 2019 – Mediagrif Interactive Technologies Inc. (TSX: MDF), a Canadianleader in information technology, today announces that Mr. Claude Roy will be retiring for health reasonsand stepping down as President and Chief Executive Officer of Mediagrif on March 31, 2019. Mediagrif’sBoard of Directors appointed Mr. Paul Bourque, currently the Corporation’s Chief Financial Officer, asActing President and Chief Executive Officer, and is continuing the process of recruiting a permanentsuccessor. During this period, Mr. Bourque will be acting both as President and Chief Executive Officerand as Chief Financial Officer. He has been Mediagrif’s Chief Financial Officer since June 2011, and hasin-depth knowledge of the Corporation’s operations. In the course of his career, he has acted as bothchief financial officer and senior vice-president of business development and strategic sourcing for asizeable public corporation. Mr. Bourque has over 30 years of experience in accounting, finances andoperations, and is a chartered accountant (CPA, CA).
Jobboom élargie sa gamme de services en ajoutant la formation continue à son offre via un partenariat avec Boomrank (Available in French only)
Longueuil, le 28 février 2019 - Jobboom, site incontournable en matière de recherche d’emploi au Québec, est fier d’annoncer la conclusion d’un partenariat avec Boomrank pour son offre de formation continue. Grâce au nouveau service de Jobboom Formations, les employeurs et les chercheurs d’emploi auront désormais accès à un catalogue de plus de 7 000 formations proposées dans toute la province dans 12 domaines distincts.
Mediagrif reports results for its third quarter of fiscal 2019
Longueuil, Canada, February 12, 2019 – Mediagrif Interactive Technologies Inc. (TSX: MDF), a Canadian leader in information technology, today announced its financial results for the third quarter of fiscal 2019. Unless otherwise indicated, all amounts are in Canadian dollars.
LesPAC se lance en rénovation avec Smart Reno (Available in French only)
Longueuil, le 29 octobre 2018 – LesPAC, première plateforme d’annonces classées au Québec, est fière d’annoncer la conclusion d’un partenariat avec Smart Reno, un service qui aide les gens à comparer des soumissions d’entrepreneurs de confiance pour leurs projets de rénovation.
Longueuil, Canada – September 19, 2018 - Mediagrif Interactive Technologies Inc. (“Mediagrif” or the “Corporation”) (TSX: MDF), a Canadian leader in information technology, announces today that its President and Chief Executive Officer, Mr. Claude Roy, has advised the Board of Directors of his intention to pass the torch in the context of a smooth transition process. Various options could be considered as part of such initiative, taking into consideration the interests of the shareholders, clients and employees of the Corporation, while ensuring its sustainability. The Board of Directors has formed a special committee to assist management with this undertaking.
Mediagrif publishes results on shareholders votes for the election of its directors
Longueuil, Canada, September 13, 2018 – Mediagrif Interactive Technologies Inc. (“Mediagrif”) (TSX: MDF), a Canadian leader in information technology, publishes today the results of the shareholders vote for the election of directors during its annual general meeting (the “Meeting”) held Wednesday, September 12, 2018.
Mediagrif reports results for its second quarter of fiscal 2019
Longueuil, Canada, November 13, 2018 – Mediagrif Interactive Technologies Inc. (TSX: MDF), a Canadian leader in information technology, today announced its financial results for the second quarter of fiscal 2019. Unless otherwise indicated, all amounts are in Canadian dollars.
Mediagrif reports results for its first quarter of fiscal 2019
Longueuil, Canada, August 7, 2018 – Mediagrif Interactive Technologies Inc. (TSX: MDF), a Canadian leader in information technology, today announced its financial results for the first quarter of fiscal 2019. Unless otherwise indicated, all amounts are in Canadian dollars.
Mediagrif signs an agreement with the SAQ to use Orckestra’s ecommerce platform in the development of the Société Québécoise du Cannabis’ transactional website
Longueuil, Canada - June 27, 2018 – Mediagrif Interactive Technologies Inc. (TSX: MDF), a Canadian leader in information technology, is proud to announce that the omnichannel commerce platform developed by their subsidiary Orckestra has been selected by the Société des alcools du Québec (SAQ) for online sales of cannabis by the Société québécoise du cannabis (SQDC).
Longueuil, Canada, June 12, 2018 – Mediagrif Interactive Technologies Inc. (TSX: MDF), a Canadian leader in information technology, today announced its financial results for the year ended March 31 2018. Unless otherwise indicated, all amounts are in Canadian dollars.
Jobboom partners with Google in the launch of its new job search feature
Montreal, April 26th 2018 – Jobboom, a key website for job searching in Quebec, is proud to announce a strategic alliance with Google for the launch of its new job search feature today throughout Canada.
Mediagrif reports results for its third quarter of fiscal year 2018.
Longueuil, Canada, February 13, 2018 – Mediagrif Interactive Technologies Inc. (TSX: MDF), a Canadian leader in information technology, today announced its financial results for the third quarter of fiscal 2018. Unless indicated otherwise, all amounts are in Canadian dollars.
LesPAC et Le Jour de la Terre s’unissent pour un Noël plus écolo ! (Available in French only)
Longueuil, le 4 décembre 2017 – À une période de l’année où la consommation bat à son plein, LesPAC et le Jour de la Terre lancent un défi aux Québécois afin de les sensibiliser aux alternatives de consommation plus écologiques.
Mediagrif reports results for its second quarter of fiscal year 2018.
Longueuil, Canada, November 7, 2017 – Mediagrif Interactive Technologies Inc. (TSX: MDF), a Canadian leader in information technology, today announced its financial results for the second quarter of fiscal 2018. Unless indicated otherwise, all amounts are in Canadian dollars.
Mediagrif publishes results on shareholders votes for the election of its directors
Longueuil, Canada, September 15, 2017 – Mediagrif Interactive Technologies Inc. (“Mediagrif”) (TSX: MDF), a Canadian leader in information technology, publishes today the results of the shareholders vote for the election of directors during its annual general meeting (the “Meeting”) held Thursday, September 14, 2017.
Mediagrif announces the renewal of its Normal Course Issuer Bid
Longueuil, Canada – August 10, 2017 - Mediagrif Interactive Technologies Inc. (“Mediagrif” or the “Corporation”) (TSX: MDF), a Canadian leader in information technology, announces the renewal of its Normal Course Issuer Bid in accordance with the approval of the Toronto Stock Exchange (the “TSX”).
Mediagrif reports results for its first quarter of fiscal year 2018.
Longueuil, Canada, August 8, 2017 – Mediagrif Interactive Technologies Inc. (TSX: MDF), a Canadian leader in information technology, today announced its financial results for the first quarter of fiscal 2018. Unless indicated otherwise, all amounts are in Canadian dollars.
Mediagrif announces closing of the acquisition of Orckestra
Longueuil, Canada – June 28, 2017: Mediagrif Interactive Technologies Inc. (TSX: MDF), a Canadian leader in information technology, announced today the closing of the transaction previously announced on June 21, 2017 regarding the acquisition of substantially all of the assets of Orckestra Inc.
Mediagrif announces agreement to acquire Orckestra, a leading provider of digital unified commerce solutions
Longueuil, Canada – June 21, 2017: Mediagrif Interactive Technologies Inc. (TSX: MDF), a Canadian leader in information technology announced today that it has entered into an agreement for the acquisition of substantially all of the assets of Orckestra Inc. (“Orckestra”), a leading Canadian-based provider of digital unified and omnichannel commerce solutions for the retail and manufacturing industry. The closing of the transaction is subject to certain conditions, including the approval of competent authorities. Closing of the transaction is expected to take place on or about June 23, 2017.
Longueuil, Canada, June 6, 2017 – Mediagrif Interactive Technologies Inc. (TSX: MDF), a Canadian leader in information technology, today announced its financial results for the year ended March 31 2017. Unless otherwise indicated, all amounts are in Canadian dollars.
Montreal, March 1 2017 – LesPAC, Québec’s premier online classifieds platform, now offers free ad publishing for consumers in most categories. Starting today, LesPAC users can post ads for free directly on the website or by using the LesPAC apps for iOS and Android.
Global Luxury Fashion Retailer Lane Crawford Joins a Growing List of Retailers to Choose InterTrade’s Product Catalogue Solution
Laval, February 9, 2017 – InterTrade Systems Inc., an industry leader in supply chain collaboration providing both EDI B2B Network (VAN) and catalogue solutions, announced today that it has welcomed Lane Crawford (lanecrawford.com), a Hong Kong based luxury retailer, as a client.
Mediagrif reports results for its third quarter of fiscal year 2017
Longueuil, Canada, February 7, 2017 – Mediagrif Interactive Technologies Inc. (TSX: MDF), a Canadian leader in information technology, today announced its financial results for the third quarter of fiscal 2017. Unless indicated otherwise, all amounts are in Canadian dollars.
Mediagrif reports results for its second quarter of fiscal year 2017.
Longueuil, Canada, November 8, 2016 – Mediagrif Interactive Technologies Inc. (TSX: MDF), a Canadian leader in information technology, today announced its financial results for the second quarter of fiscal 2017. Unless indicated otherwise, all amounts are in Canadian dollars.
Mediagrif publishes results on shareholders votes for the election of its directors.
Longueuil, Canada, September 19, 2016 – Mediagrif Interactive Technologies Inc. (“Mediagrif”) (TSX: MDF), a Canadian leader in information technology, publishes today the results of the shareholders vote for the election of directors during its annual general meeting (the “Meeting”) held Thursday, September 15, 2016.
Longueuil, Canada – August 9, 2016 - Mediagrif Interactive Technologies Inc. (“Mediagrif” or the “Corporation”) (TSX: MDF), a Canadian leader in information technology, announces that it has obtained approval from the Toronto Stock Exchange (the “TSX”) in order to proceed with a Normal Course Issuer Bid.
Mediagrif reports results for its first quarter of fiscal year 2017.
Longueuil, Canada, August 3, 2016 – Mediagrif Interactive Technologies Inc. (TSX: MDF), a Canadian leader in information technology, today announced its financial results for the first quarter of fiscal 2017. Unless indicated otherwise, all amounts are in Canadian dollars.
Mediagrif reports results for its fiscal year 2016.
Longueuil, Canada, June 7, 2016 – Mediagrif Interactive Technologies Inc. (TSX: MDF), a Canadian leader in information technology, today announced its financial results for the year ended March 31, 2016. Unless indicated otherwise, all amounts are in Canadian dollars.
Mediagrif announces closing of the acquisition of Advanced Software Concepts Inc.
Longueuil, Canada – June 1st, 2016: Mediagrif Interactive Technologies Inc. (TSX: MDF), a Canadian leader in e-commerce solutions, announced today the closing of the transaction previously announced on May 17, 2016 regarding the acquisition of all of the assets of Advanced Software Concepts Inc. Total cash consideration for the transaction is $18,5M, subject to certain working capital adjustments.
Mediagrif to acquire Advanced Software Concepts Inc.
Longueuil, Canada – May 17, 2016: Mediagrif Interactive Technologies Inc. (TSX: MDF), a Canadian leader in e-commerce solutions, announced today that it has entered into a definitive agreement to acquire all of the assets of Advanced Software Concepts, Inc. (“ASC”) for a cash consideration of $18,5M. The closing of the transaction is subject to certain standard conditions. Closing of the transaction is expected to take place on or about May 31, 2016.
Mediagrif posts increased revenue & profit for the third quarter of fiscal 2016.
Longueuil, Canada, February 9, 2016 – Mediagrif Interactive Technologies Inc. (TSX: MDF), a Canadian leader in information technology, today announced its financial results for the third quarter of fiscal 2016. Unless indicated otherwise, all amounts are in Canadian dollars.
Longueuil, Canada, December 18, 2015 – Mediagrif Interactive Technologies Inc. (“Mediagrif” or the “Corporation”) (TSX: MDF), a Canadian leader in information technology, today announced it has renewed and amended the credit agreement governing its senior secured revolving credit facility.
Mediagrif announces its results for the second quarter of fiscal 2016
Longueuil, Canada, November 10, 2015 – Mediagrif Interactive Technologies Inc. (TSX: MDF), a Canadian leader in information technology, today announced its financial results for the second quarter of fiscal 2016. Unless indicated otherwise, all amounts are in Canadian dollars.
Mediagrif announces the results of its first quarter of fiscal 2016
Longueuil, Canada, August 4, 2015 – Mediagrif Interactive Technologies Inc. (TSX: MDF), a Canadian leader in information technology, today announced its financial results for the first quarter of fiscal 2016. Unless indicated otherwise, all amounts are in Canadian dollars.
Increased results for Mediagrif for its fiscal year 2015
Longueuil, Canada, June 9, 2015 – Mediagrif Interactive Technologies Inc. (TSX: MDF), a Canadian leader in information technology, today announced its financial results for the year ended March 31, 2015.
Mediagrif announces the renewal of its Normal Course Issuer Bid
Longueuil, Canada – February 19, 2015 - Mediagrif Interactive Technologies Inc. (“Mediagrif” or the “Corporation”) (TSX: MDF), a world-leading operator of e-business solutions, announces the renewal of its Normal Course Issuer Bid in accordance with the approval of the Toronto Stock Exchange (the “TSX”).
Mediagrif reports increased revenues and profit in its third quarter of fiscal 2015
Longueuil, Canada, February 10, 2015 – Mediagrif Interactive Technologies Inc. (TSX: MDF), a Canadian leader in information technology, announced today its financial results for the third quarter of fiscal 2015. Unless otherwise indicated, all amounts are in Canadian dollars.
