A labor-sponsored fund invests … in robots

A labor-sponsored fund invests ... in robots

Each week, we provide an overview of insider transactions, investments in young local companies and news from listed companies.

Omnirobotic raises $ 6.5 million

Founded in 2016 by François Simard and Laurier Roy, the young company Omnirobotic has just raised $ 6.5 million from the Solidarity Fund FTQ, Export and Development Canada, Real Ventures and employees. The company designs “goal-oriented” robots that don't have to be reprogrammed for each new task at hand. These autonomous robots help to “make dangerous and unpleasant jobs safe,” it is argued.

Two Sobeys-IGA executives cash in

Two Quebec executives from Empire, the parent company of supermarket chains Sobeys, IGA and Safeway, exercised stock options last week. Simon Gagné, executive vice-president of human resources at Sobeys, made a gross profit of $ 372,000 while Pierre St-Laurent, executive vice-president, marketing and Quebec, pocketed a gross profit of $ 32,500 . The title of Empire is currently trading at historic highs.

CN CEO profit of US $ 2 million

The big boss of the Canadian National, Jean-Jacques Ruest, made a gross profit of nearly US $ 2 million by selling, on September 15, shares from stock options, the Globe and Mail reported. . In the System for Electronic Disclosure by Insiders (SEDI), however, it is recorded that Mr. Ruest bought shares rather than sell them. Mathieu Gaudreault, CN spokesperson, did not want to clarify the imbroglio.

A trucking company goes west

Distributions Carl Beaulac, a Lévis-based company that specializes in the transportation of petroleum, chemicals, aggregates and hot products, has just been taken over by the firm Kenan Advantage. Owned by OMERS Ontario Pension Fund, Kenan is identified as the largest tanker transporter in North America.

Colabor's big boss buys

Colabor CEO Louis Frenette bought his employer's stock for $ 175,000 earlier this month. In May, he had bought some for $ 165,000. On the stock market, the action of the Boucherville food distributor is still more than 30% below its price at the start of the year. The company's sales fell sharply in the spring due to the pandemic. Mr. Frenette is a former CEO of Parmalat Canada, Bonduelle North America and Danone Canada.

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