A receivership order filed June 12 in the Court of Kings Bench in Winnipeg has appointed BDO Canada Limited as receiver and manager for Genesus Inc., Genesus Genetics and Can-Am Genetics, Inc.
Swine genetics company Genesus in receivership
Federated Co-op cardlocks “fully operational” company says
A "cybersecurity incident" led to the shutdown of some cardlocks and affected inventories at some grocery stores
Federated Co-op says it's opening more cardlocks every day after a "cybersecurity incident" late last week, the company said on social media yesterday evening.
United Farmers of Alberta buys stake in Canterra Seeds
United Farmers of Alberta (UFA) announced today it had purchased nearly 1.3 million shares in Winnipeg-based Canterra Seeds.
Some Co-op services still down after “cybersecurity incident”
Open cardlocks not currently selling dyed fuels, company says
Thursday, Federated Co-op Ltd. posted on X that it was "experiencing a cybersecurity incident" that was affecting some internal and customer-facing systems at cardlock and retail Co-op locations. It had shut down some systems as a precaution and had brought in experts, the company added.
Feds fund organic development groups
MacAulay pledged up to nearly $$1,175,841 for the Canadian Organic Trade Association (COTA) over three years via the AgriMarketing program and up to $985,985 over three years to the Prairie Organic Development Fund via the AgriCompetativeness program.
Some farm dealerships back online after cyber attack
Dealers forced to turn to pen and paper after attack knocked out inventory software
Brian Osterndorff, chair of the board of the Canadian Equipment Dealers Association, and president and CEO of Robert’s Farm Equipment, a seven-store group in Ontario, said on June 26 that they had just been informed that they could use the system again.
Cyber attack frustrates farm equipment dealers
Dealers forced to use manual processes after software provider hacked
CDK provides business management software to dealers of all makes of farm equipment, so major dealers of John Deere, CNH and are working without digital systems across the country. CDK is also the leading provider of management software to automobile dealers and thousands of those dealerships are offline.
Farmers Edge disputes merits of claim made by former investors
Proposed class action suite alleges investors received misleading information prior to the company's 2021 IPO
Former investors in Manitoba-based ag tech firm Farmers Edge have asked the B.C. Supreme Court to certify a class action lawsuit against the company, former leaders and its main shareholder. Farmers Edge, founder and former CEO Wade Barnes, former chief financial officer David Patrick, Fairfax Financial Holdings and several financial underwriters are named in the suit asking for a combined total of $270 million in damages.
Farm equity, asset values up in 2023: StatCan
Farms' ability to pay debts declined but balance sheet remains strong
The total equity of the Canadian farm sector rose nearly eight per cent in 2023 while farm assets rose more than seven per cent according to Statistics Canada’s 2023 balance sheet.
Former investors seek class action lawsuit against Farmers Edge
Plaintiffs allege they received misleading information prior to the company's 2021 IPO
Former investors in Manitoba-based ag tech firm Farmers Edge have asked the B.C. Supreme Court to certify a class action lawsuit against the company, former leaders and its main shareholder.
Cyber-Savvy Farmer
