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Fitness Industry Council of Canada disappointed with decision to limit business support programs

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With the government’s dissolution of the Canada Emergency Wage Subsidy and Canada Emergency Rent Subsidy programs, fitness facilities across Canada will struggle to survive and more will be forced to close their doors.

“The fitness industry will collapse without a federal subsidy similar to what is being offered to the tourism and hospitality sectors,” says Sara Hodson, President of Fitness Industry Council of Canada (FIC). “Most small businesses in our industry have only a few weeks of operating capital remaining – not months, weeks. We need urgent action from the federal government.”

“More than 42 percent of fitness facilities have closed since the pandemic began,” says Hodson. “Our members have done everything to comply with public health orders since the pandemic began, including closing our facilities when asked, enforcing vaccine mandates, reducing capacities and increasing ventilation and sanitation,” says Hodson. “We have increased our costs, while our revenues have significantly dropped – because we know the health and well-being of Canadians is paramount. Many fitness facilities have only been able to stay open because of government support. The elimination of federal subsidies will mean financial ruin and bankruptcy. We will then see more businesses shut their doors.”

FIC is requesting the federal government put the fitness industry on an even playing field with the tourism and hospitality industry, and properly support the industry. Hodson met with Finance Minister Chrystia Freeland earlier this year to discuss ways to help the fitness industry rebound from the pandemic. On behalf of FIC, Hodson requested economic stimulus and proposed a tax deduction for gym memberships. Research done by FIC shows that inactive Canadians would join a gym if there were a financial incentive in place.

Exercise is essential for physical and mental health. Making exercise options accessible is crucial to the overall Health of Canadians. More than 150 minutes of weekly exercise can reduce chronic health conditions, such as diabetes, heart disease and hypertension and is an effective treatment for anxiety, stress, and depression. Making exercise options accessible via fitness facilities is crucial to the overall health of Canadians.

“We ask that the government consider the recovery of the fitness industry as necessary as the tourism and hospitality industries, not simply for the sake of our businesses, but for the health and wellbeing of Canadians,” Hodson added, “Canadians need the fitness industry more than ever before.”

New Study Reveals Pycnogenol® to Retain Skin Moisture and Elasticity, Increase Skin Lightening, and Reinforce Skin Barrier Function

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A new peer-reviewed, randomized, double-blind, placebo-controlled crossover study shows that daily supplementation with Pycnogenol® French maritime pine bark extract may help to significantly preserve skin hydration, enhance skin elasticity, and strengthen skin barrier function for those exposed to urban environmental pollution.

“So many of us are awaiting this summer to truly enjoy the outdoors after a brutal winter and a long pandemic year. I personally cannot wait to be outside, and that means we have to be proactive in protecting our skin from heat, humidity, solar radiation, and pollution,” says renowned natural health physician and author, Dr. Fred Pescatore. “This new study shows that daily supplementation with Pycnogenol® counteracts damaging environmental stress factors and improves skin barrier function, even when exposed to rigid conditions.”

Researchers measured the skin moisture content of the participants with the Corneometer® skin moisture tester. Transepidermal water loss (TEWL) was measured with the Tewameter®, and skin elasticity was measured with the Cutometer®.

Results showed that daily oral supplementation with 100mg of Pycnogenol® for 12 weeks from April to July, during the wet season, provided a striking improvement of significant skin concerns, including:

7% improvement in skin elasticity (vs 0.1% increase in the placebo group)
7% improvement in skin firmness (vs 0.3% decrease in the placebo group)
Additionally, during phase 2, from July to October, during the dry season, daily oral supplementation with 100mg of Pycnogenol® showed:

13.8% increase in skin lightening (vs 0.8% decrease in the placebo group)
14% decrease in transepidermal water loss (TEWL), indicating a significant improvement of skin barrier function (vs 4.5% increase in the placebo group)
3.3% decrease of skin moisture (vs 14% decrease in the placebo group)
13% improvement in skin elasticity (vs 0.7% increase in the placebo group)
13% improvement in skin firmness (vs 0.3% increase in the placebo group)
This corroborates with previous research that has shown Pycnogenol®’s unique ability to promote collagen and hyaluronic acid production within the skin. Indeed, in a clinical study Pycnogenol® revealed increased hyaluronic acid synthase levels by 44%. The hyaluronic acid synthase is the natural source of water-binding hyaluronic acid in the dermis.

“Pycnogenol® has a deep catalogue of research for skin health, and this study builds upon decades of existing science to show that oral supplementation with Pycnogenol® can make a significant difference in skin health and appearance, even in strenuous environmental conditions,” said Dr. Pescatore.

In the study, researchers concluded that this research “strongly indicates that people exposed to high levels of environmental stress will benefit from the regular intake of Pycnogenol®.” The authors propose that oral intake of Pycnogenol® may represent one easy-to-use strategy, which can be used to benefit the human skin in individuals living in an urban environment.

“As a doctor, I routinely have conversations with patients about the importance of protecting their skin year-round. I regularly recommend Pycnogenol® and this study reinforces why,” says Dr. Pescatore.

This study builds on a body of clinical research supporting the benefits of Pycnogenol® as a natural anti-inflammatory and antioxidative ingredient. To review clinical research and additional information on Pycnogenol®.

Future of Cheese Launches Company’s New Branding With the First Product Landing at Retailers Across Ontario

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Canada’s leading independent organic grocers and a developer of plant-based foods is excited to launch its new brand “Future of Cheese”  to boldly emphasize its healthy, ethical and all-natural culinary values, reinforcing their belief that dairy alternatives should be clean but impactful”

“The company is excited to launch its new brand identity to boldly emphasize its healthy, ethical and all-natural culinary values, reinforcing our belief that dairy alternatives should be clean but impactful,” said Jen Wojtaszek, President of Future of Cheese.

The new branding changes, displayed on the Company’s recently launched Future of Butter product line, are reflected across the Company’s logo, website, social media platforms and packaging, featuring clean lines and bold typography.

“Our team is inspired by simple and clean ingredients that when combined, create delicious food truly crafted from plants, and that same clean execution is clearly reflected by our brand identity,” stated Craig Harding, Co-Founder and Culinary Director of Future of Cheese.

The Company will also be showcasing its products through cooking demonstrations and unique recipes developed by its co-founders Chef Craig Harding and Maître Fromager Afrim Pristine in the coming weeks and months.

IRI Releases New Grocery Trends

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Data provides new insight into trends in the 25 grocery categories that drive $2.2 billion in sales for the four weeks leading up to U.S Thanksgiving

“Consumers are planning for big holiday celebrations this year, so the weeks leading up to Thanksgiving are a tremendous opportunity for grocery retailers and CPG brands,” said Dr. Krishnakumar (“KK”) S. Davey, president of IRI Client Engagement. “IRI’s latest study shows that sales uplift for edible products in the four weeks leading up to Thanksgiving are typically worth approximately $2.2 billion. There is some variation in the availability of key products across markets and, therefore, brands must be strategic and leverage real-time data to understand demand granularly and optimize their promotions and supply chain operations to capture a slice of that opportunity and earn shoppers’ loyalty.”

“Consumers are planning for big holiday celebrations this year, so the weeks leading up to Thanksgiving are a tremendous opportunity for grocery retailers and CPG brands”

Recent trends suggest more shoppers will be planning ahead. Historically, the sales uplift has been concentrated evenly in the two weeks leading up to Thanksgiving; however, in 2020, the bulk of Thanksgiving sales shifted a week earlier. (thebeverlyhillsestates.com) For the 2021 season, retailers and manufacturers should prepare for an earlier wave of Thanksgiving shoppers and ensure they have key products stocked and a promotion strategy in place to capitalize on heightened demand.

Manufacturers should keep product allocation strategies nimble to accommodate in-stock level variation across regions. The in-stock rates of the top 25 Thanksgiving-related categories vary greatly across the country. In markets in Pennsylvania, Michigan and Florida, in-stock rates of the tracked Thanksgiving items are generally 7 to 9 percentage points above the national average. In markets in Texas, Nebraska and Kansas, supply shortages have contributed to in-stock rates between 9 and 11 percentage points below the national average. Manufacturers should closely monitor their in-stock levels by retailer and region and leverage both historical and real-time purchase data to anticipate shortages and allocate products across markets to accommodate shoppers’ shifting holiday demand patterns.

Shoppers should prepare to make substitutions, given supply chain risks in key categories. Product availability in the whipped toppings, liquid gravy, bakery pies and frozen pie/pastry shells categories were between 5 and 13 percentage points lower this week than the same time last year, but availability has been improving in these categories compared to a week ago. Conversely, bottled cider and pie/pastry filling categories have in-stock levels on par with this week last year, but their stock levels are low, and supply is declining compared to last week. Holiday shoppers should plan to shop early for those key ingredients that are experiencing significant out-of-stock levels or prepare to make creative substitutions.

Soli Organic™ Announces $120 Million Financing Arrangement with Decennial Group

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Soli Organic Inc. formerly known as Shenandoah Growers, Inc., the only soil-based, controlled environment agriculture company delivering 100% USDA certified organic produce to more than 20,000 retail stores nationwide, announced a $120 million financing arrangement with leading real estate development firm Decennial Group.

The Company also launched a new corporate name and brand, Soli Organic. The word Soli is derived from the Latin word for soil and reflects the pivotal role of soil in enabling the Company’s mission to make low-cost, high-quality, organic produce grown nearby available to everyone.

The arrangement with Decennial Group is a key component of the Company’s strategy to further expand production capacity to meet growing demand. The Company intends to build eight new farms, in addition to its seven farms in operation today. The Decennial Group financing will support construction of three of the eight planned facilities. Each 100,000 square foot facility will have an annual production capacity of 5 million pounds. The Company recently broke ground on the first facility financed through Decennial Group, which is located in Anderson County, South Carolina, and is anticipated to be operational by Q2 2022.

The arrangement with Decennial Group – a developer-led investment management firm committed to preserving the natural and cultural resources of the communities it serves through environmentally responsible investments – is one of the largest of its kind for a controlled environment agriculture company to date.

“Working with Soli Organic aligns perfectly with the Decennial Group core mission to add value for best-in-class operating companies seeking an optimized real estate investment and development solution,” said Scott Goodman, Decennial Group Managing Partner. “We could not be prouder of this arrangement with Soli Organic, which we believe will support the company’s mission-critical real estate needs in a way that is effective, efficient and highly scalable, while maximizing social impact.”

“Through our proprietary soil-based, organic, indoor production system, Soli Organic is the first company to unlock the full value of controlled environment agriculture, including considerable cost savings and environmental benefits. Support from Decennial Group and equity partners enables Soli Organic to further scale and share those benefits with more retail customers and more consumers in more geographies,” said Matt Ryan, Chief Executive Officer (CEO) of Soli Organic. “As a result, Soli Organic is well-positioned to continue to build on our strong legacy of financial and market performance, execute against our growth plan, and deliver differentiated organic products that meet existing and future customer demand.”

As part of its growth strategy, the Company has made a series of recent strategic hires to its Executive Leadership Team (ELT), including former Starbucks executive Matt Ryan as CEO; former Postmates senior vice president Mike Buckley as Chief Financial Officer; former Walmart executive Cameron Geiger as Chief Operating Officer; and leading plant biology and lighting expert Dr. Tessa Pocock as Chief Science Officer. They join longstanding ELT members President Philip Karp, Chief Customer Officer Steven Wright and Chief Technology Officer Ulf Jönsson.

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