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BizCap Secures $8 Million in Debt Financing to Support AlterG’s Growth

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This financing will be used to pay off existing debt with the remaining proceeds available to accelerate growth initiatives and working capital purposes, including new product development and expansion into new markets, as well as broadened adoption in rehabilitation and elite athletics.

“When it came time to seek new sources of capital to finance our growth initiatives, we naturally re-engaged with our trusted advisor BizCap, who previously delivered on their mandate to secure a debt facility with the best cost of capital along with the most intelligent, customized structure for AlterG,” said Charles Remsberg, chief executive officer of AlterG. “Their process of understanding our business model and strategic plan was meticulous, and again resulted in an excellent selection of a capital provider who, together with BizCap, executed on a perfect fit solution.”

AlterG first engaged BizCap in 2017, when identifying the best financing solution to support their refinancing objectives proved challenging. BizCap then successfully secured significant interest from multiple capital providers in its extensive portfolio of finance partners, ultimately enabling AlterG to finance the rapid growth of their business.

“We were thrilled to get the call from Charles to again put our time-tested model to work,” said Chuck Doyle, president and CEO of BizCap. “AlterG’s innovations in equipment designed for physical rehabilitation and elite athletic training have significant extendibility into new markets and product lines, and by applying our proven methodology, we again secured the optimum capital partner who is confident in and already supporting AlterG’s vision and growth trajectory.”

UNFI to Expand Grocery Order and Delivery Service for Independent Retailers with DoorDash Relationship

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The company has entered into a reseller agreement with DoorDash (NYSE: DASH), the nation’s leading last-mile logistics platform, to bring on-demand grocery delivery solutions to independent retailers nationwide through the DoorDash marketplace.

UNFI’s arrangement with DoorDash will give local grocers the opportunity to leverage the DoorDash platform to build an e-commerce and delivery offering that meets the needs of their customer base while enabling UNFI to expand its end-to-end and last-mile-delivery services to its suite of eCommerce solutions for retailers of all sizes. With grocery delivery through DoorDash, consumers can order their groceries and essentials on DoorDash’s marketplace app and website with no time slot, queues, or minimum order size required.

“Our relationship with DoorDash will make it easier for independent retailers to offer online grocery ordering and delivery. We know the demand for this functionality continues to be very strong and to remain competitive retailers need solutions that offer simple installation and avoid extra labour costs,” says Matt Whitney, UNFI’s Chief Strategy and Innovation Officer. “As the leading last-mile logistics company, DoorDash already has the extensive logistics network in place for grocers to leverage.”

This agreement aims to help independent grocery retailers grow their businesses, attract new shoppers and retain their current customer base with the ability to service more online customers in hard-to-reach areas. The combination of increased convenience and a wider delivery area should drive greater loyalty and increased basket size among online shoppers.

“We are excited to work with UNFI to empower local grocers to build an e-commerce and delivery offering that will give customers access to robust local grocery selection on the DoorDash app,” said Fuad Hannon, Vice President of New Verticals at DoorDash. “We are proud to play a part in helping local grocers grow their businesses and helping consumers access convenient, on-demand grocery delivery from their local neighbourhoods.”

UNFI Professional Services offers the most comprehensive suite of services for independent retailers in the market today. With over 150 customizable solutions, UNFI Professional Services helps independent grocery retailers succeed by saving them money and simplifying their operations. Services offered range from eCommerce solutions to pricing support and store remodels, allowing retailers to keep pace with the changing landscape of grocery and stay focused on what matters most: their competition and their customers.

Element Nutritional Sciences Announces Rejuvenate™ Now Available at Fortinos Supermarkets

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Rejuvenate™ plant-based single-serve pouches are now available at all Fortinos locations, including its online platform. Including the 23 newly added Fortinos locations, Rejuvenate™ is now available at over 400 Loblaw Companies locations across Canada, including Shoppers Drug Mart, Loblaw and Fortinos.

“We are gradually proving the Rejuvenate™ value proposition with very large retailers, and are very pleased to be adding Fortinos locations to our growing retail and online distribution network. With our proprietary amino acid formulation, we are continuing to provide solutions for people to improve their muscle health today and we have an active innovation pipeline to help people live life to the fullest,” said Stuart Lowther, Chief Executive Officer.

The sky is the limit

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The sky is the limit

How Skycare Pharmacy has excelled in providing a personalized approach to patient care.

By Inna Levchuk and Irina Lytchak
Photography by Eric Forget

For such a young pharmacy, it’s impressive to see how much Skycare has grown since its inception. Founded in June 2013 and licensed as Skycare Compounding Labs in 2014, the company is the brainchild of two brothers, pharmacists and huge believers in the concept of individualized patient therapy, Mina and John Bashta.

“We’re both pharmacists,” says Mina. “We came to a point where we realized that as pharmacists, we can only help patients with what’s on our shelves. If it goes on backorder or it’s not working for my patients, I’m no longer useful as a healthcare provider. We thought there has to be a way around that, so we started researching and we realized that compounding could be a great solution for these patients, and that’s really what got us into it.”

Compounding pharmacies prepare personalized medications based on the exact dosage of ingredients required by the patient. Running this type of business requires a different level of accreditation— much higher than for a regular pharmacy.

“The reason being is that it allows us to supply hospitals with compounded medications,” explains Mina. “ There are only five pharmacies in Ontario that have that level of accreditation at this point.”

Skycare has two labs, which take up almost more than half of the pharmacy’s space. In the first lab, compounds, such as capsules, troches, lollipops, transdermal creams, specialty creams and suppositories are prepared. The second lab is where injections and sterilized drugs are built. To standardize the outcome, Skycare uses specific equipment, such as an electronic mortar and a pestle.

“We use things like an ointment well—a special piece of equipment that would crush the drug powders, and they create something called ‘mysol formation.’ What that means is the goblet of cream or transdermal base has the micronized drug locked inside it. So as the cream is crossing the skin, it’s actually pulling all of the drug with it.”

When you apply a cream that wasn’t produced in an ointment well, the product will have grit, which is the actual drug that will sit on the skin, providing no medical benefit—something many people experience when having ointments compounded at their local pharmacies, says Mina. At the same time, he believes the reason why typical pharmacies can’t prepare compounds goes beyond the lack of proper equipment.

“There’s more than one angle to it. It isn’t just the labs that require you to come up with that product, it’s also the training, which is also just as critical.”

Mina says a team of experts is needed in order for a compounding pharmacy to function properly, starting with pharmacists and technicians who work hand-in-hand to ensure that a product is created in the most stable and therapeutically active fashion.

“Then, there’s the other side, which is the research side,” says Mina. “Doctors will call us when they run out of options and we’ll start digging into research and come back with a plan for them. This is another part of the training that’s really important—it is the knowledge base that you’re researching into.”

Currently, Skycare works with over 460 prescribers across the GTA, including everyone from urologists, pain management clinics, fertility clinics, integrative practitioners, pediatricians, ophthalmologists, obstetricians and gynecologits to family doctors, naturopathic doctors, podiatrists and veterinarians. Mina believes another important factor that sets Skycare apart from other pharmacies is the way its pharmacists work with the patients.

“A lot of the times you see big-box stores where patients are pretty much prescription numbers to the staff that are working inside,” says Mina. “Everybody is a number and everybody who is in queue waiting to get their prescription hears, ‘Here are three tablets today, take that every eight hours.’ We want to make sure that we personalize the experience for our patients; this is really what they deserve.”

One example of personalized medication provided at Skycare is bio-identical hormone replacement therapy, where saliva testing is done under the doctor’s order to supplement the patient with the exact amount of hormones they need.

“If one size fits all, we’d all be wearing one jacket, so I can only imagine that statement goes even further when we’re talking about hormones,” says Mina. “Hormones are very specific to every patient; my deficiencies may be very different from my next patient’s deficiencies. That’s why it’s very important that we supplement the right amount of hormones, because with 100-milligram segments, we’re either overdosing or underdosing the patient. In that sense, bio-identicals are made to be the perfect fit for everyone.”

One of the policies Skycare has in place to guarantee the pharmacy is working against the trends that are currently in the market is that all of its labs are kept behind glass.

“First of all, it creates that sense of transparency between us, our patients and the physicians that we’re working with,” says Mina. “But at the same time, my staff has a face for every prescription that they’re working on. They know that their patients are standing outside.”

One of Skycare’s priorities is educating their patients on the medications they are getting as well as taking a holistic approach to solve their health problems.

“These are small things, but they do end up going a much further way when they are combined with the traditional medical or pharmaceutical approach.”

Skycare also creates compound medications for animals, which often requires extra research.

“A patient is a patient,” says Mina. “Flavouring is huge when it comes to animals – knowing which flavours are going to which animal. We do a lot of research before compounding something for a patient—whether human or not—so safety is another key thing. Even in the veterinary world sometimes, a horse will need something a bit more specific than what’s commercially available, and this is when veterinarians will contact compounders.”

Aside from providing a personalized approach to each patient’s case, the bottom line is that Skycare is presenting doctors with ways around their patients’ health concerns by providing them with more tools to work with.

“At the end of the day, we make sure we’re gearing up every effort to have the best and the safest therapeutic outcome for the patient.”

Nestle reaps benefits from higher prices

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Nestle raised its full-year sales target on Wednesday after the world’s largest food group reaped the benefits of price hikes on its products ranging from pet food to bottled water with a forecast-beating third quarter.

The Switzerland-based firm, whose shares rose more than 3%, has moved ahead of other consumer companies in passing on higher input costs to consumers, leveraging the strength of its brands such as Purina pet food and Perrier water.

The maker of KitKat bars and Nescafe will increase prices further in the final quarter and in 2022 when input costs are expected to increase even more than the 4% rise seen in 2021, Chief Financial Officer Francois-Xavier Roger told investors.

Its rivals are set to follow. Procter & Gamble has said it will raise prices in the United States and Danone has warned of price pressures next year, adding to a global inflationary threat testing the resolve of central banks.

Unilever gives a trading update.

“Our industry, in general, is not an industry that is in normal times pinched by inflation,” Chief Executive Mark Schneider said, adding the industry should be able to maintain its financial performance even if the inflationary cycle extended beyond 2022.

Like its peers, Nestle is grappling with supply chain constraints as the world economy roars out of a COVID-19 slump. The company said in a statement price increases should help keep its margin steady at about 17.5% this year, followed by a moderate margin improvement in the mid term.

But Schneider played down prospects for an improvement as early as next year, citing rising input costs since the summer. “There is no guidance or commitment for 2022 to increase margins,” he said.

Nestle raised its full-year organic growth guidance to 6%-7% from 5%-6% previously, after organic sales rose 6.5% in the third quarter, composed of 2.1% price hikes and 4.4% volume growth, and beating forecasts https://www.nestle.com/investors/analysts-consensus.

Roger said volume growth was expected to slow somewhat as the pandemic-related boost to at-home consumption waned.

Nestle shares, up 8% this year, climbed 3.2% by 1318 GMT, exceeding the 1.6% rise across the European food sector.

“The company knocked it out of the park for the third quarter,” Kepler Cheuvreux analyst Jon Cox said, saying price rises for Nestle products were the highest since 2015.

“Most companies with strong brands will be able to pass on prices and I think the market still does not get that,” he said.

Nestle said growth at its Purina petcare business was fuelled by its higher-priced premium ranges and veterinary products. Vontobel analyst Jean-Philippe Bertschy said Purina was Nestle’s “star performer”.

Bernstein’s Bruno Monteyne said the benefits of higher volumes and pricing would only fully show in 2022.

Strong coffee sales were also a driver for Nestle, with its Starbucks-branded products posting 15.5% growth in the first nine months. Out-of-home consumption of food and drinks, which took a hit during the pandemic, recovered further, Nestle said.

Source: Yahoo finance

GoDaddy Canada features local small business Arioum Chocolats to inspire Quebec entrepreneurs to get their businesses online

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With Semaine de la PME upcoming between October 17 to 23, GoDaddy is proud to showcase how easy and affordable it is for business owners to reach their goals online.

Established in 2017, Arioum Chocolats is a unique artisanal chocolate factory where Montrealers can enjoy assorted fine chocolates, bars, coated confits, spreads and more. A GoDaddy client since 2020, co-founders Noémie Roy Lambert and Ariel Barrios Humaran came together to combine their passion for confectionery and art.

Over the years, Arioum Chocolats has evolved from an artisanal chocolate factory to a café and boutique offering fine chocolates, gourmet drinks and delicacies. Like many small business owners, Arioum Chocolats adapted its business throughout the year, and introduced the Arioum experience at home, thanks to GoDaddy Online Store. Since creating their online store, Arioum Chocolats has seen a steady lift in sales with new ecommerce integrations.

“Arioum Chocolats is a true passion project, combining our love for the arts and confectionery into a colourful gathering place for Montrealers,” said Noémie Roy Lambert, co-founder of Arioum Chocolats. “Thanks to GoDaddy, we could continue investing in our passion, and creating a website helped our business grow during the past year. With GoDaddy Website Builder and Online Store, we can seamlessly manage our ecommerce inventory, communicate with customers via email and social media, and provide the same delightful Arioum experience at home.”

“GoDaddy is proud to partner with small business owners like Arioum Chocolats to encourage Quebec entrepreneurs to get their business online,” said Anne De Aragon, VP and Country Manager, GoDaddy Canada. “For small businesses, like Arioum Chocolats, who had to close their physical storefronts during the global pandemic, GoDaddy provides easy and affordable ecommerce solutions to help Canadian entrepreneurs  grow and stay engaged with their customers, by creating and managing an online presence for their business.”

With GoDaddy, creating a beautiful online store and website is easy. GoDaddy’s suite of products and services, including its Online Store Builder tool, helps Quebec entrepreneurs and small business owners reach their goals online. GoDaddy Online Store Builder offers a large selection of modern templates that suit unique business needs and includes powerful selling tools as well as built-in marketing tools to help businesses grow, making it even easier for entrepreneurs to create an ecommerce solution for their business. Quebec entrepreneurs can now also schedule, publish and monitor their company’s social media from the Website Builder dashboard, enabling entrepreneurs to easily create and manage all their social media channels from one place.

METRO Inc. Amends its Share Buyback Program Allowing for an Additional 1.5 Million Shares to be Repurchased

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This amendment allows the Corporation to repurchase in the normal course of business an additional 1,500,000 of its Common Shares, bringing the total number of its Common Shares that can be repurchased under the program to 8,500,000, representing approximately 3.4% of its issued and outstanding shares on November 11, 2020. Since the beginning of its current normal course issuer bid program, the Corporation repurchased 7,000,000 Common Shares at a weighted average price of $57.68 per share for a total of $403,735,402. Repurchases were made through the facilities of the Toronto Stock Exchange at market price, in accordance with its policies and regulations, and through the facilities of alternative trading systems.
When it renewed its normal course issuer bid program, the Corporation was authorized to repurchase, in the normal course of business, between November 25, 2020, and November 24, 2021, up to 7,000,000 of its Common Shares representing approximately 2.8% of its issued and outstanding shares on November 11, 2020. On November 11, 2020, there were 250,195,026 issued and outstanding shares of which 207,099,132 were part of the outstanding public float of the Corporation. On November 11, 2020, the average daily trading volume of the Corporation’s Common Shares over the last six (6) completed months was 539,248 shares. No other terms of the normal course issuer bid program have changed.

The Corporation’s amended normal course issuer bid program came into effect on October 4 and will continue through November 24, 2021. Repurchases will continue to be made through the facilities of the Toronto Stock Exchange at market price, in accordance with its policies and regulations, or through the facilities of alternative trading systems as well as by other means as may be permitted by a securities regulatory authority, including by private agreements.

Hyperhomocysteinemia and low vitamin B12 are associated with the risk of early pregnancy loss

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One-carbon metabolism is crucial for the maintenance of healthy pregnancy and alterations in this pathway have been associated with various pregnancy-related complications. Therefore, the present study was conducted to test the hypothesis that altered folic acid, vitamin B12 and homocysteine levels are associated with the risk of early pregnancy loss (EPL). Plasma folic acid, vitamin B12 and homocysteine levels were analyzed in 83 females with EPL and 70 healthy pregnant females in their first trimester.

Further, meta-analyses of folic acid, vitamin B12 and homocysteine were also performed involving various eligible studies. Results from the case-control study and meta-analysis showed that folic acid deficiency is not associated with the risk of EPL. On the other hand, low vitamin B12 and hyperhomocysteinemia were individually found to be significant risk factors for EPL in the present study.

Vitamin B12 deficiency in combination with hyperhomocysteinemia was a more serious risk factor for EPL (Odds Ratio = 4.98, P = 0.002). Therefore, vitamin B12 deficiency and elevated homocysteine levels are independent risk factors for EPL, and are of higher risk when combined. The assessment of vitamin B12 and homocysteine levels may serve as a good screening marker for EPL risk.

Bayer expands organic seed offerings

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New certified production of seeds intended at helping boost access to healthier food.
The focus is on vegetables fitting the glass and greenhouse market such as tomatoes, sweet peppers and cucumbers. The new umbrella name is Vegetables by Bayer.

The decision to expand the company’s portfolio came in direct response to increased consumer interest for high-quality, organic food.

According to the International Federation of Organic Agriculture Movements (IFOAM), demand for certified organic products continues to grow. It estimates that today’s global organic food market is worth more than €106bn.

While the 2020 global market for organic food seeds, is valued at US$355M.

That number is foreseen to climb to US$480M by 2025, and this presents a valuable opportunity for Bayer‘s customers to grow their business as well as improve access to organic fruits and vegetables.

“We serve growers all over the world and believe that they should have the freedom to choose the tools or the practices that best suit the needs of their farms and the needs of their customers,” said Inci Dannenberg, president of Global Vegetable Seeds at Bayer.

Source: fruitnet

COVID-19 Stay-At-Home Impact on Health Behaviors

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Confinement orders in response to the COVID-19 pandemic have driven sudden changes in daily routines. The study assessed lifestyle changes across different BMI classifications in response to the global pandemic.

The online survey targeting adults was distributed in April 2020 and collected information on dietary behaviours, physical activity, and mental health. All questions were presented as “before” and “since” the COVID-19 pandemic.

In total, 7,753 participants were included; 32.2% of the sample were individuals with normal weight, 32.1% had overweight, and 34.0% had obesity. During the pandemic, overall scores for healthy eating increased (P < 0.001), owing to less eating out and increased cooking (P < 0.001). Sedentary leisure behaviours increased, while time spent in physical activity (absolute time and intensity adjusted) declined (P < 0.001). Anxiety scores increased 8.78 ± 0.21 during the pandemic, and the magnitude of increase was significantly greater in people with obesity (P ≤ 0.01). Weight gain was reported in 27.5% of the total sample compared with 33.4% in participants with obesity.

The pandemic has produced significant health outcomes, well beyond the virus itself. Government mandates together with the fear of contracting the infection have significantly impacted lifestyle behaviours alongside declines in mental health. These deleterious impacts have disproportionally affected individuals with obesity.

Source: PMC